As regulators and auditors push for more accurate reporting and vendor contract compliance, seeing the “big picture” without a consolidated view of enterprise subscriptions is a challenge.
Enterprise spend management can be made more efficient through data consolidation, intelligent automation and processes such as managed services. As regulators and auditors look for increased transparency into business operations, automated solutions also provide a much-needed audit trail.
With a central system for enterprise inventory & cost management, firms often see a reduction in costs from 10 to 30%. Savings are achieved through cutting annual duplicate service fees as well as reduced headcount toward invoice processing, contract management, reporting, and more.