The Procurement Savings Management Software
Manage your procurement cost reduction programmes
Feed the procurement savings pipeline
Break free from your Excel savings tracker
Admin burden, mistakes, and over reliance on the person that built the spreadsheet make Excel unworkable with a dispersed procurement team
Standardise your process
for procurement savings
Rollout cost reduction processes, standardise savings methodology, implement validation and savings approval workflow
Deliver cost savings your CFO believes and trusts
Increase your realised procurement savings with full programme visibility, pro-active tracking, live reporting, and cross-organisation buy-in
Maximise your procurement savings
Savings Pipeline
Capture all your procurement savings initiatives
and cost reduction opportunities
Build up your cost reduction programme with ideas from your team across your organisation.
The savings process begins with logging savings opportunities and projects from regular procurement activities such as spend analysis, opportunity assessments, contract management, category planning and supplier relationship management.
​
It takes just a few moments to capture a savings idea, and make a first forecast of the saving potential.
Project Plans
Forecast your procurement savings
and plan key cost reduction activities
As your savings ideas progress to become projects you can plan in more detail.
-
Identify key procurement activities and timescales
-
Apply savings methodologies
-
Determine cost savings and benefit distribution by category, function or business unit
-
Create baseline and forecast savings profiles
-
Maintain a project version history as things change over time
Approval and Workflow
Ensure all your savings are validated, realised and signed off
Credibility of procurement savings is a really important aspect of running a cost reduction programme.
​
Setting up approval and workflow processes that match how your organisation operates is key to driving the savings process, ensuring savings are realised and sustained, and maximising the procurement savings potential.
​
Measure, Track & Report
Monitor your procurement performance
and track KPI with live reports
Measurement is motivation. Having live, up-to-date reports of procurement performance, visible for the whole procurement team to view at any time is a great catalyst to maximising your saving potential.
Using a centralised system, with ongoing project updates makes reporting available on a constantly live basis.
Configure personalised views, custom reports and bespoke dashboards.
Request demo
To schedule a product demo, ask a question or find out more, please drop us a note below...
Organisations like yours reducing their procurement costs with Provalido
