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Read IDC’s latest Industry Brief to find out how digital strategies for direct material sourcing improve cost efficiency, product quality and time to market.
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The Next Evolution of Spend ManagementThere are many variables that can complicate how SAP customers manage their spend, such as when significant portions of the workforce are external or when consumers have certain expectations for their travel and expense experience. Having a clear picture of every category of spend — whether that is travel, indirect, direct, or contingent labor and services spend — can help organizations create more collaborate commerce. As spend management has begun evolving toward Intelligent Spend Management where everything is integrated, insightful, and connected, SAP now offers an integrated solution suite for all spend management needs. After reading this article, you will:
- Understand the three pillars of SAP’s integrated approach to Intelligent Spend Management
- Discover the benefits of adopting an Intelligent Spend Management strategy
- Learn how this approach ties together every source and category of spend with one unified view and allows you to apply intelligent technologies and collaborate with your partners outside of your four walls.
Spend Analysis and SAP MMA wide range of business processes falls under the SAP MM (Materials Management) module, from purchasing to inventory management. Such an extensive portfolio of business processes also means much data being generated and captured. As SAPinsiders highlighted in our research reports like Process Automation and SAP S/4HANA, as well as in Process Automation in Supply Chain, capturing this data to generate visibility into these processes is critical. However, the crux is not just capturing the data. The value of capturing that data can be realized only through analytics. That is why SAPinsiders indicated a need for focused research on data and analytics in the supply chain. To cater to this interest, SAPinsider will publish a research report, Supply Chain Analytics, and Data Management, in Feb 2023. This article will highlight how one of the analytics technologies covered in the report, spend analytics, can help generate value in SAP MM business processes.
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Integrate SAP and Spend Management Apps for a 360 Degree View of Your SpendIf your company is like most, you have more than 90 applications in use at any given time, but you don’t have visibility into your data due to lack of integration between your applications. Without integration, you’re blocking vital data from moving across departments -- such as finance, supply chain, spend, customer experience, and human capital management.
SAP and Snaplogic have simplified spend management by providing data integration, business flows, data governance, and analytics around all things spend.
Join the SAPInsider webinar to hear from a panel of experts on how to:
• Integrate data between SAP and non-SAP spend management solutions in minutes, without coding or waiting for IT
• Rapidly Feed data into SAP Data Warehouse Cloud to deliver superior analytics
• Get up-to-date or real-time visibility into every KPI, analyze the data, and take action
You’ll learn how to streamline and optimize your organizational spend by sourcing data from both non-SAP and SAP sources, like Workday and Coupa, in real-time with SnapLogic’s iPaaS Platform.
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