Spend Management Software

Environmental, social and governance goals

Meeting your ESG goals can only occur if you have full visibility of how your suppliers contribute to your organisation’s overall ratings.

Did you know?

31% of respondents in Advanced’s 2022 Annual Trends survey say they are working with suppliers to reduced their carbon footprint throughout the supply chain.

With a tool to categorise your suppliers, your procurement team can make well-informed choices around purchasing products and services that are better for the planet, your local community, and your stakeholders.

Our Solution:

Supplier Management

Changes to legislation and compliance

This isn’t optional – spend management is critical to ensuring compliance across an organisation. New legislation regarding financial transparency and sustainability is being introduced globally. Across Europe we have the Corporate Sustainability Reporting Directive, in the UK we have the Environmental Act and Plastic Packaging Tax - investors are also increasingly calling for companies to reflect climate-related risks in their financial results.

You need to know where you’re spending money and who you’re spending it with.

Our Solution:

Contract Management

Supplier Management

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:

Advanced Marketplace

Contract Management

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:

Advanced Marketplace

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:

Contract Management

Advanced Marketplace

Data Automation

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:

Data Automation