Page 9 - FlipBuilder Test
P. 9
Spend Compliance savings levers Overview
Drive internal compliance with preferred supplier contracts
User Enforce spend management policies with controlled approval flows to dramatically reduce
maverick spend
compliance Achieve savings through "approval to buy" rules enforced in the requisitioning process;
$2.0M users can only purchase what they are authorized to buy based on pre-negotiated
agreements.
$5.3 million Supplier Savings generated from detecting and eliminating invoice errors such as duplicate or
compliance
Total spend compliance savings $2.4M overpayment of invoices through smart invoicing on the Intelligent Spend Network.
Delivery Enables users to enforce compliance from requisition (compliance to rates), compliance to
Compliance & worker safety (onboarding checklist), compliance to worker classifications (W2) local labor
Effectiveness laws for cost avoidance and co-employment issues.
$0.9M
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