REDUCING COSTS & MITIGATING RISKS

So much has changed within the past few years, with inflation increasing drastically, that businesses are looking at ways to reduce costs and mitigate risks in order to safeguard their businesses through increasing fluctuations of economic turmoil.

Business Challenges
Business Challenges
  • Multiple systems & data – inefficient, fragmented, non-connected processes add risk for buyers and their suppliers.
  • Control over Spend – missing awareness of all spend sources and non-compliant spending.
  • Financial Leakage, bottom line impact and associated business risk - without visibility and control means inefficient end-to-end S2P processing and lost opportunity for cost reduction, improved profitability and risk mitigation
Value Proposition
Value Proposition
  • Unified Spend Platform – provides ability to understand and control all Procurement spend.
  • End-to-End S2P Processing for Buyers, Suppliers and Users.
  • Digitalization and simplification of Sourcing, Contracting, Buying and Supplier Management processes.
  • Improve Profitability through processing and solutions to provide savings, cost reduction & discount management.
Business Value
Business Value
  • 36-48% fewer Compliance & Risk Management FTE’s
  • $20m savings (per $1bn spend) realized through non-contract leakage
  • 40-50% operating cost reduction due to efficiency gains
  • 4-15% Average Unit Price reduction

Your personal apsolut contact

Lein Elsonbaty
Lein Elsonbaty
Consultant
+44 (0) 203 716 0155
© 2025 apsolut GmbH

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Events

apsolut Roundtable: External Workforce Management

Just the day before the apsolut Procurement Convention, we invite the SAP Fieldglass/External Workforce Community to an exclusive roundtable.

 2025-02-17 15:00 Die Pyramide

apsolut Roundtable: External Workforce Management

apsolut Procurement Convention

The apsolut Procurement Convention 2025 will take place at the Pyramide Mainz, Germany – an exciting location whose shape is symbolic of a perfectly structured organisation. Under the motto ‘Let’s build it to the top’, we want to work out with you how you can move your procurement towards such a structure. You can expect a customer keynote, a panel discussion, a dynamic combination of elevator pitches and breakout sessions, an exhibitor area with solutions from our ecosystem and plenty of time and space for networking!

Language: English

 2025-02-18 Mainz, Germany

apsolut Procurement Convention

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