.

Today, amidst constantly evolving internal and external forces, businesses find themselves increasingly battling the challenges that threaten them in innumerable ways. Owing to this and the rapidly expanding workforce and supplier base, along with the overall volume of financial transactions, several organizations are left grappling with low spend visibility, rising transaction costs, revenue leakages, poor spend compliance, and extended cycle times.

Consequently, several teams, including IT, Finance, Procurement, and Supply Chain, are required to work in conjunction, as the network and spend management function comes under the spotlight. From there on, technology plays a pivotal role in breaking down silos, integrating systems, and improving productivity and efficiency. The Network and Spend Management solutions from the SAP suite of technologies offer this and much more.