Gaining a comprehensive understanding of your spending patterns is essential for optimizing your financial performance.
Spend management is one of the most powerful levers to optimise a company’s benefits. For example, if you have a net margin of 5%, saving €1 is equivalent to generating €20 in additional revenue.
It starts with getting full visibility into spend by category, supplier and contract. It then goes deeper to quantify the total cost over the full lifecycle (not just the purchase price). Such an analysis can also prepare future investment decisions.
We help you get a holistic understanding of your costs and spending patterns to better understand what costs can be reduced and how.
Hidden costs such as maintenance fees and operational expenses can account for 20% to 30% of the Total Cost of Ownership (TCO). We help you gain clarity on these often overlooked expenses throughout the entire lifecycle of your investments. Our TCO analysis enable you to reduce costs, anticipate future expenses, and negotiate more effectively with vendors.
New investments require to get a comprehensive overview of the costs associated with it. Building a procurement business case will help you validate the potential of your project, assess risks and benefits, analyse the market, and plan resources accordingly.
