Boost your organization’s ROI with clever business spend

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Editor Coda
Sep 10, 2019

Businesses today are under continuous pressure to deliver more with fewer resources. 

While this can be daunting, the good news is that effective procurement and finance functions garner one of the highest returns on investment of any activity for businesses, or a 5-10X ROI for every dollar invested, according to technology solutions provider Coupa.

So what can be done practically, to ensure effective, strategic spend management on all business expenditure? 

Clever procurement and finance leaders should seek to unify all internal and external processes under one label: Business Spend Management (BSM). 
A unified set of business processes, supported by cloud software, BSM is designed to give control and insights into all the ways spend happens in a company: procurement, expenses and payments. 

It also includes related processes, such as strategic sourcing, contract management, contingent workforce, supplier management and spend analysis.

Download the Spend Matters report below for more insights into how BSM can become the new strategic lever for the C-Suite to drive business growth.

Download the report

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