As your list of vendors grows, so too do your management needs. Keeping track of contracts and comparing prices on similar items only becomes more difficult as you add new vendors. With Tungsten Network, you gain access to real-time insights to make better buying decisions and ensure policy and contract compliance. How’s that for an effective vendor management system?
By utilizing the e-invoicing services of Tungsten Network, companies receive real-time data on their spending at the enterprise, supplier, service, and individual invoice level. In addition to identifying price variances on identical products and saving users between 1% and 4% of total spend Tungsten Analytics improves control overspending. But that’s not all – Tungsten Analytics:
- Encourages use with simple reporting tools
- Provides supplier negotiation support
- Delivers rationale for vendor consolidation
The powerful dashboards from Tungsten Network Analytics allow users to achieve optimal results by modeling the implications of different decisions. In short, Tungsten Analytics is the vendor management system you need to take your business to the next level. Learn more by downloading this informative white paper.