Sustainably Reduce Costs and Maximize Financial Performance with Emptoris
Global companies are faced with a challenging economic environment and increasing volatility and risk. As a finance professional, you're being challenged in this environment to control costs, conserve working capital and ensure corporate compliance, all while driving an improved bottom-line performance.
Financial experts say that organizations are hampered in successfully meeting these objectives due to poor organizational intelligence, lack of enterprise spend visibility and controls and generally inefficient processes and systems.
Emptoris addresses these challenges and provide your organization with the visibility and actionable intelligence needed to sustainably reduce costs and maximize financial performance:
Uncover Savings Opportunities
With Emptoris Spend Analysis, you gain a comprehensive view of your spending and identify, analyze and prioritize opportunities for savings. The solution pulls spend data from all types of ERP and financial systems to provide a consolidated, current and drillable view of spending across the global organization.
Sustainably Reduce Costs
With Emptoris Sourcing, your organization has the industry's most powerful e-sourcing capabilities to sustainably reduce costs. Emptoris' advanced sourcing and decision optimization capabilities make sourcing manageable for even the most complex categories. Studies show that companies with best-in-class strategic sourcing can achieve sustainable savings:
- From 15%-30% on IT costs
- At least 10% on indirect expenses
- Up to 35% on telecom expenses
- Up to 15% on logistics and transportation costs
Ensure Contract Compliance
The average Fortune 1000 company maintains 20,000 to 40,000 contracts—and up to 52% of these contracts are non-compliant to legal or corporate standards, according to research by the Aberdeen Group. With Emptoris Contract Management, you can automate, improve and gain greater visibility into your organization's contract lifecycle. As contracts are the foundation of most key business relationships, stronger contracting can drive improvements across key operational areas, most notably in expediting sales contracts—and in enforcing compliance and mitigating legal, financial and operational risks.
Improve the Performance of Suppliers and Vendors
With Emptoris Supplier Lifecycle Management your organization can proactively assess and improve the performance of key suppliers and vendors. Further, you can identify opportunities for supplier rationalization—consolidating purchasing with a smaller group of preferred suppliers and earning more favorable terms. Supplier lifecycle management solutions also allow you to monitor the financial and operational health of suppliers and vendors, alerting your organization to potential signs of risk and operational disruption.
Manage Complex Services
With Emptoris Services Procurement, your organization can improve the visibility into and monitoring of its growing use of consultants, service providers and contingent labor, ensuring better cost control and compliance.
Save Millions on Telecom Expenses
With Emptoris' Rivermine Telecom Expense Management, your organization can reduce telecom spend by 35% by optimizing plans and services, identifying billing errors and removing unnecessary devices and services.
Discover How to Maximize Your Company's Financial Performance
A survey by CFO Research Services found that companies with best in class spend, supply and contract management technology reported savings on average of 5% to 7% in their total spending on materials and services as compared to competitors.
To learn more about Emptoris solutions, call 1-855-391-2561—or contact us for a complimentary spend analysis and a customized assessment of how Emptoris can improve your company's bottom-line.