The increasing complexity of global supply chains means businesses need to understand where their costs are occurring and institute intelligent spend management strategies to reduce maverick spend. However, the adoption of a wrong spend management approach can leave your organization far short of its savings goals. If you’re one among the millions that haven’t leveraged spend analysis to optimize spend you are missing a powerful driver for lowering overall costs.
Quantzig’s helps Fortune 500 companies to transform their spend management and accounts payable processes to drive value by optimizing operating costs and providing greater control and transparency through standardization. Our advanced spend analysis solutions have helped top companies to gain greater visibility into spend to sustain profitable growth.
In today’s complex business environment where leading players are leaving no stone unturned in the quest for cost reduction, there’s no doubt analytics can help you optimize spend. Our spend management solutions encompass the entire value chain, with each offering uniquely configured to meet distinct client requirements.
A successful sourcing program hinges on the ability of an enterprise to thoroughly understand factors affecting spend. Getting spend analysis right is a mandatory step toward spend management, spend analysis process improvement, and value creation. Our spend analysis solutions have helped leading companies to identify multimillion-dollar savings opportunities previously unknown to them.
Tail-spend is one of the largest sources of incremental savings available for businesses today. If designed, managed, and executed well, tail spend management programs can help realize billion-dollar saving opportunities. Quantzig’s tail-spend optimization solutions can be custom-configured to your organization’s existing processes and spend management system’s subtleties to help you deliver sustainable results.
As companies increasingly focus on spend management, they depend more than ever on suppliers, which means poor supplier performance can several aspects of growth. Quantzig can help you achieve notable improvements in supplier performance, efficiency, and value through its supplier performance and consolidation solutions.
The ability to reduce operating costs and allocate budgets is paramount for organizations to survive in today’s rapidly changing market conditions. Through strategic opportunity assessments, we can help you drive down investments in categories that yield no impact, freeing up cash that can be invested to drive growth and ROI.
Through customized category tracking and consolidation solutions, we not only help businesses improve returns, but also contribute value in myriad ways that include improving supplier performance, mitigating supply chain risks, and driving innovation and continuous improvement.
Accounts payable and spend optimization has evolved from a tactical, transaction-based process to a strategic business function. From working capital management to payment reconciliation Quantzig’s end-to-end accounts payable and spend management solutions can help businesses in streamlining their procure-to-pay operations, delivering not just improved compliance and faster cycle times but also enabling value-adds, such as dynamic discounting and optimized batch payments.