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SPEND UNDER MANAGEMENT PART 1 of 4

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Procurement As A Non-Strategic Back Office Function

Ever wonder why lot of firms view indirect procurement like non-strategic back office functionality? Maybe it’s that indirect procurement leaders generally target too narrowly on measuring financial savings via indirect spend sourcing pursuits and eliminate sight associated with exactly how these people pursuits impact fiscal metrics such as total cost of ownership (TCO), operating earnings, operating investment capital and cash flow among others. For that reason taking on a well-structured spend management framework that establish the relationship can bring genuine price on the business.

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What is Spend Under Management?• SUM is an important organizational initiative impacting and driving

the spend under management in each BU/P&L, sequential touching to category and supplier who provides product services with a goal of achieving 85%+ enterprise SUM. 

• The analyst firms like Aberdeen reviews the diverse research stream identifies that companies can perform a 5% to 20% cost out savings per new dollar of spend brought under management. This can result in millions or even tens of millions in cost benefits that can be either reinvested or slipped towards the bottom line as real realized savings impacting earning per share.

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• Furthermore, SUM is really a much more than classic sourcing framework that highlights the application of intelligent technological innovation, actionable information as well as robust processes in order to meet customer demands.

• It considers often overlooked non-pricing competitiveness such as ensure adherence for you to contract conditions as well as prices, purchase order concurrence, powerful demand management, and automated supplier performance management – where leakage most often occurs.

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Want to learn more?

• For more details on spend under management and what it can do for you, browse our website and download the complete white paper here www.xeeva.com/free-white-paper-spend-under-management-principles/.

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About Xeeva, Inc.

• With over 15 years expertise inside procurement alternatives, Xeeva’s technology along with value-add services improve productivity, reduce costs and increase operational efficiency

• Xeeva is driving the development and delivery of the next generation of intelligent cloud procurement and financial solutions for indirect spend and MRO.

• Xeeva’s technology is used in over 40 countries and is available in 18 languages.

• The company’s technology suite includes Sourcing, Procure to Pay, Supplier Collaboration, Financial Collaboration and Extended Enterprise solutions.