Larger outcome
8 RecipesRecipes for procurement spend and contract compliance, purchase commitments, invoice matching and payment checks, supplier rebates, realized savings and SaaS renewal evidence.
Procurement, Finance and the business units each quote a different spend total, and nobody can say how much was bought outside a contract.
Procurement and finance are asked what is still owed to suppliers on open orders at a month-end, and each answer comes from a different spreadsheet.
Accounts payable is asked to release payment and cannot say how much of an invoice is covered by the goods actually received.
Accounts payable paid the same supplier invoice twice and only found out when the supplier returned the money.
Finance needs the aged payables for a past month or quarter end, but the payables system only shows what is owed today.
Procurement cannot say how much supplier rebate has been earned under each purchasing agreement this period, or how much of it suppliers have already credited.
Procurement reports savings from negotiated agreements and Finance cannot trace them to the prices actually paid.
A SaaS renewal is due and nobody can say how many of the paid seats are actually used.