Business Spend Management: Full visibility, better control

Organizations mainly focus on the sales side of the company. After all, the more you sell, the more revenue you will generate. But for a top performing company, the spending side is as equally important; you want to have the visibility and control over your spending to achieve real, measurable value and savings that drive profitability. Do you have the control and insight over the expenditures in the organization? Thanks to a partnership between Dynatos and Coupa, we can help you with that.

We have noticed that there is more and more appetite to streamline all facets within the organization. An essential part of that is ‘Business Spend Management’, (BSM) which is not always that easy and requires a lot of time and resources. That is why smart software solutions, helping with Business Spend Management, are gaining traction. Not surprisingly, clear insight into your spending lays the foundation for future strategic plans. We also have seen this growth in solutions. That is why we at Dynatos are very proud to have a partnership with Coupa, the leading provider of Business Spend Management solution in the market.

Why Coupa?

There are various reasons why we have opted for a partnership with Coupa. First of all, Coupa is a fully native cloud-based platform. That makes it fast, stable, accessible, and that makes it easy to integrate it with our other solutions as well, for instance, with ReadSoft Online.

What may be even more important, is what Coupa does: Coupa offers a comprehensive, cloud-based BSM platform that has connected hundreds of organizations with more than four million suppliers globally. Coupa’s platform provides greater visibility into and control over how companies spend money. With Coupa, all relevant processes are bundled in a single platform: Procurement, Source to Pay, travel- and other expenses, payments, supplier management, invoicing, and compliance. Because all the processes are via this one platform, it makes it easier to automate them.

In addition, with more than $1.5 trillion of cumulative spend under management, Coupa is leveraging the wisdom of the BSM community along with the latest in artificial intelligence (AI) and machine learning to deliver real-time prescriptive insights and benchmarks to customers. It even provides recommendations on how to save on costs and shares insight into spending patterns.

And last but not least, the Coupa platform can analyze the optimizations that were made and provide in-depth reports about the actual realized savings. All these factors will help to get full control over your spending again.

More insight, less time

Just as with invoicing, at Dynatos, we find it essential to provide solutions to help manage organizations’ spending. Because if our solutions give more insights into processes and statistics, and repetitive tasks can be automated, the employees have more time to make crucial decisions and to perform tasks that will benefit the company’s growth. Coupa’s Business Spend Management solution are an excellent example of that. It makes managing business spending easier, more efficient, and gives business units more accurate insights.

If you have questions about how Coupa can help you with your Business Spend Management, do not hesitate, and contact us.

Receive our latest blogposts and updates