Every procurement organization aims at having the most accurate view on the global spending of the company. Unfortunately, the procurement view is generally incomplete due to a lack of internal process and control on purchases made within the company. The variety of purchasing categories, the large number of requesters, the size of the organization and the complexity of internal rules and workflows are some reasons that make the spending even more complex to consolidate.
In addition to giving more visibility to procurement and finance departments, limiting the maverick spending is also a real opportunity for increasing savings and improving contract compliance within the company: that’s why implementing global procurement processes and rules to get a higher spend coverage has become a key target for the most performing procurement departments. SynerTrade provides increased efficiencies in the procure to pay process.