Finance Solutions

How can I lower operational costs across my company's supply chain?

Off-contract spending with suppliers. Inaccurate spend visibility. Productivity drains from supporting multiple ERP systems. High costs of supplier onboarding. These are just a few of the reasons our procurement customers cite when explaining why operational costs in the supply chain are too high.

Most Fortune 1000 procurement executives that we talk to are under increasing pressure to reduce operational costs. To successfully solve these challenges, procurement needs a few key capabilities:

  • The ability to access up-to-date, accurate payment terms for each supplier in order to process payments in accordance with contract terms and realize the full savings associated with all negotiated contracts
  • The capacity to find all the products and services employees are looking for, matched to the preferred suppliers for those products, with updated pricing and catalogs
  • The power to increase the amount of spend through the procurement system and achieve better spend visibility
  • The ability to automate the process of gathering and validating supplier information so that costs and time associated with supplier on-boarding can be lowered
  • The ability to ensure that all supplier information gathered is captured and updated in appropriate procurement and AP systems

Aravo can help

Aravo has helped many procurement departments lower their operational costs with Aravo SIM. For more information, please click on one of the choices below.

For more information,please click on one of the Learn More options on the right.