Spend Management Software
Transparency is priceless
Find a better way to spend
Managing end-to-end procurement.
The Procurement team has matured way beyond a cost control centre. They have a strategic role to play in ensuring the suppliers you work with are right for your business, from getting the best value for money, to shared economic, social and governance value (ESG). No longer is it just about what you spend, it’s also about how you spend.
Advanced provides your organisation with effective tools to positively impact your environment, your people, and your business value through effective spend and supplier management solutions.
Challenges in the world of spend management
CHALLENGES
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Rising inflation and cost reductions
With inflation reaching a 30-year high, pressures on spend vs cost are increasing. Forecasting and planning is vital to ensure the books remain balanced.
Understanding the variables within contract commitments are an important element of understanding a rising cost base. It may prompt different procurement decisions - but only if you have the insight to be proactive.
It’s not always about reducing costs, but ensuring you work with approved suppliers to ensure you’re achieving value for money.
Our Solution:
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Supervised expenditure
Organisations are facing high levels of uncontrolled maverick spending among employees. It makes managing how people spend, and who they spend with, increasingly difficult and time consuming. Enable strategic spend planning within your organisation with Advanced.
Our Solution:
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Supply Chain Complexity
We are all very familiar with the disruption and the impact on global supply chain due socioenvironmental and geopolitical factors, including shifts in consumer behaviours. Providing transparency around what your organisation needs, current stock availability and what your consumers need, provides you with the power effectively manage your supplier chain and remain dynamic in sourcing – whether this is choosing a more local supplier or spreading risk with multiple suppliers.
Our Solution:
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Back-office efficiency and data visibility
Back-office functions such as manual document processing or checking data results in many waisted hours and tedious work for Accounts Payable, Sales Operations or Logistics teams.
What if the hours spent chasing through invoices, trying to match them with orders, dealing with mismatches and disgruntled suppliers could be better spent?
What if there is a solution that would do this automatically and could guarantee processing without errors so you could fully trust the data in your back-office systems?
Our Solution:
Advanced Marketplace
Spend Management Software
SOLUTIONS
ADVANCED MARKETPLACE
Procurement Management
Helping bring spend under control, providing users with a chosen selection of suppliers to reduce rogue spending.
ADVANCED DATA AUTOMATION
Data Automation
Giving the power to extract, validate and transform data from documents. With no errors. Every time. Without fail.
30k+
products featured
on Advanced Marketplace
100%
invoice match accuracy,
guaranteed
81%
of businesses say supplier relationships
are important to their organisation
Hi, we are Advanced.
Talk to us.
Call us at
0330 343 8000