Overview
Corcentric Platform’s Sourcing solution is augmented by SpendHQ, the industry-defining Procurement Performance Management software. The integration provides holistic viewpoints to actively manage your procurement projects, make faster decisions, confidently measure impact, and drive future value creation.
SpendHQ’s technology gives you the ability to set project dates, track performance, create sourcing events and track all associated savings linked to each project.
Key features
By organizing sourcing processes into an intuitive collaborative Sourcing Pipeline, your procurement team can now forecast future savings with precision, reliably communicate your impact on the business, and boost share of spend covered by approved contracts.
- Build out your strategic sourcing pipeline.
- Track baselines, savings and negotiated spends by category.
- View a wide range of data - project completed, average savings, P&L Impacts, target savings vs. reported savings, negotiated spend and savings by category.
- Create Savings reports to be approved or rejected by your own Finance teams.
- Note annualized savings, what impact it has on the current year and the impacts year over year.