Cost Savings

Cut costs and seize new opportunities with our Source-to-Pay suite

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Capture and realize savings

When lack of visibility can become a serious challenge for your organization, it’s important to identify areas where you can make valuable improvements on, and start automating key processes to minimize the time you spend on managing them. Don’t worry we’ve got you covered !

Three Pillars of Cost Savings

Purchase Demand:

This is where companies can reduce consumption, consolidate spend and improve specifications.

Supply Base:

Increasing competition, restructuring relationships, and reorganizing a supply base helps cut costs.

Total Cost Management:

Optimize supply chain costs, reduce total life cycle ownership costs, and reduce or eliminate transaction costs to affect overall savings.

Best-in-Class enterprises demonstrate the following performance benefits:

Spend control
Place 78% spend under management control, which is 26% more than their peer enterprises
Contract management
Display 83% on-contract spend, with 25% less maverick spend than all other enterprises.
Requisition-to-order cycle times
On average, have requisition-to-order cycle times of one to two days, which is more than half of their peer firms, with transactions costs that are 33% lower than all other enterprises.

« Sourcing Force really gave us the ability to quickly identify areas we needed to improve. For instance, before we integrated the Contract Management module, our contracts were handled manually, it was incredibly time-consuming and counter-productive for all of us. Now it’s all automated in the cloud and way more efficient. »

Purchasing & Sourcing Manager
ROCHE Laboratory

Needs

Analytics & Procurement Process Map

Spot Bidding / Sourcing

Unified Invoicing Tools

Contract Management

“Source-to-Pay Solutions for Digital Transformation”

360°

Key team members have direct access to the platform and get a 360° view into resources, suppliers and spend

1 000

Over a thousand users including leading companies have digitized their procurement experience with Sourcing Force

30%

That’s how much you can save by choosing our e-procurement suite for your organization

The power of a complete, unified suite

Make saving across all spend categories

Hosted & Punchout catalogs

Load providers' catalogs in one central place and get key data to assess them directly from Sourcing Force.

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Sourcing Events / Spot Bid

The best sources and prices at a glance. No more phone calls, automate sourcing and free up some time.

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Contract Management

Store and manage contracts with vendors, leases, legal agreements etc..., be alerted, and reduce financial risks.

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Purchase Requests & Orders

Sourcing Force is a digital network that connects you with all your suppliers, and where POs of any type …

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« Sourcing Force helped us manage our sourcing processes in the simplest way. We have speeded up our relationship with suppliers and overachieved regulatory compliance »

Why are E-Procurement strategies so important ?

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Latest Procurement Insights

Example of Spend Data Classification

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How Do You Define and Measure Accuracy in Spend Analysis?

A lot of spend analysis vendors use percentages when describing spend analysis and their capabilities. “Classified to >85% accuracy.” “Cleansed at 95% accuracy.” Or “Classified close to 100% accuracy.”   At Sourcing Force we also use percentages to validate...

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What is Supplier Normalization in Spend Analysis?

This blog post focuses specifically on supplier normalization.   What is Supplier Normalization? Supplier normalization is the process of taking supplier names with multiple spellings, mis-spellings, abbreviations, etc. and normalizing them (cleaning them up so...

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