Global Sourcing, Ariba Articles

Enterprise Spend Management (ESM) - Managing Spend as a Single, Integrated Process for Significant Bottom Line Results, an Ariba White Paper (471KB)

In a strong economy, most companies concentrate on growing their top line revenue to get ahead. But in a weak economy—when increasing revenue is difficult or impossible—organizations must focus on increasing efficiency and cutting costs to improve margins. Though businesses cannot control the economic circumstances in which they operate, they can control the money they spend. By enabling businesses to automate key steps of the spend management process in a single, closed-loop system, an ESM solution provides the enterprise-wide visibility and operational control required to fully manage and leverage spend. As a result, financial, sourcing, and procurement professionals can deliver and sustain significant spend reductions that immediately improve the bottom line.

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