Business Spend is typically be broken down into three categories:
*Direct expenses: raw goods and materials used in the creation of products
*Indirect expenses such as: office supplies, office equipment – buy or lease, property leasing rent reductions, inventory cost reductions, site cleaning – environmental services, facilities services expenses, physical plant, materials management, outsourced vendor management, contract negotiations, contracted food services, maintenance & grounds , parking lots and spaces, purchase order management, phone systems/cell phones, fleet vehicle expenses, insurance premiums, freight and employee benefits
*Services expense: temporary labor, marketing expenses, etc…
Applied Business Consulting recommends implementing an automated expense management reporting system. Your employees will spend less time managing physical PO order sheets, paper receipts and filing expense reports and more time focusing on mission-critical tasks.
By automating the expense management process, your organization will:
*Reduce transaction and processing costs
*Increase visibility into policy compliance, representing millions of dollars in savings per year for some organizations
*Eliminate costs associated with storing paper receipts and expense reports
*Reduce business costs to ship or route expense reports to managers, approvers and accounting or finance departments
*Accurately report and properly classify expenses managed by your staff easily, further reducing expense processing costs
ABC’s Expense management services look to increase the quality of your procured products and services while decreasing the costs of acquisition through contracting, process improvements and collaboration. In addition to saving money, Source One looks to control your ongoing and future costs to ensure the sustainability of your best practices in procurement.
Advantages of utilizing the Applied Business Consulting Spend Management Services:
*Produce company savings faster
*On-Demand Resources to support your existing staff without increasing labor costs
* Solutions to increase the productivity of your processes without increasing payroll
*Instant access to additional category and subject matter expertise
*Benchmarking services to the compare your organization with competitors
*Minimal Risk – Consulting services paid from savings achieved
*Utilizing a leader in Spend Management Solutions
For organizations with more advanced expense management data analysis needs we have advanced reporting capabilities, greater flexibility, the ability to customize reports and dashboards about employee expense information, all of which play a key role in helping organizations make informed decisions about their Expense Management process.