Spend Intelligence For Good Business.
“There is clearly a need for tools to help organizations leverage their spending analysis data sets to provide a starting place to identify non-obvious savings opportunities.e-Procurement performance improves when procurement systemically identifies spending categories with too many suppliers, quantifies the potential savings for each opportunity, prioritizes the resulting projects, and then tracks their results.”
S2SSM from American Express is helping companies address these challenges across the source-to-settle process. S2S currently consists of a pair of offerings that Corporate Purchasing Card and other B2B capabilities from American Express:
- eInvoice&Pay – The electronic invoicing and ePayment solution from American Express, eInvoice&Pay can completely automate A/P processes and facilitate the migration to a 100% paperless environment. Whether using it as an end-to-end EIPP solution or leveraging the stand-alone “BIP” ePayment module, eInvoice&Pay can drive cost savings, improve compliance and working capital management, and streamline the settlement process By allowing companies to review invoices before payment, eInvoice&Pay also provides critical controls to enable companies to expand their existing purchasing card programs, generating additional savings and float.
- Contract Audit & RecoverySM – Delivering high impact results, Contract Audit & Recovery begins with a rigorous analysis of contracts, billing data, business processes and controls to identify gaps and non-compliance issues for a company’s selected supplier contracts. Targeted at a critical subset of suppliers and spend commodities of spend, this service provides support to recover monies owed and identify contract ambiguities.
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Before signing the dotted line, make sure your invoice-payment solution delivers on the following:
- The solution should work with your existing systems. The ePayment software should add incremental value, by integrating directly with all back-office applications. It should leverage processes and data from within your financial systems.
2.Your system should be modular and easily deployed in phases. One size never fits all, so your provider should tailor its application – and the implementation timeline – based on your current needs, goals and IT initiatives.
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