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12 Ways to Measure Business Spend Management Success

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Does your business spend management measure up? Get real data you can compare to with this free benchmark report, highlighting the financial KPIs you should be tracking and how long those objectives should be taking. If you find your procurement and operations are a little less lean than you’d like, this report also offers actionable tips to minimize risk and improve efficiency.

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you should read this ebook if...

  • You work in Finance, Procurement or Operations
  • You need to figure out and set some business spend KPIs
  • You're looking to digitize your business spend management or move to a cloud-based BSM platform

about this ebook

This report analyzes four key areas of BSM. We start with the efficiency of processes (like invoice approval cycles or purchase requisition-to-order) and move through your operations evaluating the levels of digitization, compliance, and savings. How many man-hours are you wasting unnecessarily here? Coupa suggests, at the onset, a “no PO, no pay” policy, as well as shaving off time with pre-approval frameworks in place. For example, your supplier network is…

Does your business spend management measure up? Get real data you can compare to with this free benchmark report, highlighting the financial KPIs you should be tracking and how long those objectives should be taking. If you find your procurement and operations are a little less lean than you’d like, this report also offers actionable tips to minimize risk and improve efficiency.

12 Ways to Measur...CoupaFinancial Modeling12 Ways to Measure Business Spend Management SuccessBudgeting for a business takes a little more planning than your average budget. That’s where financial modeling comes in: pull together your performance metrics, tally up income versus expenses, and balance that balance sheet. Financial modeling helps you get a clear idea of cash flow, make projections, and come to decisions. Hone your own modeling abilities with these free finance ebooks and guides.Money & LegalDiscover guides to startup funding (and other financing options for startups). Dig into a handbook on forecasting models. Dial in on how to write business contracts. Hey, the logistical side of your business needs love, too! Whether you're building a budget or brushing up on startup law, these free business ebooks are a great place to start.12 Ways to Measur...CoupaFinancial Modeling12 Ways to Measure Business Spend Management SuccessBudgeting for a business takes a little more planning than your average budget. That’s where financial modeling comes in: pull together your performance metrics, tally up income versus expenses, and balance that balance sheet. Financial modeling helps you get a clear idea of cash flow, make projections, and come to decisions. Hone your own modeling abilities with these free finance ebooks and guides.Money & LegalDiscover guides to startup funding (and other financing options for startups). Dig into a handbook on forecasting models. Dial in on how to write business contracts. Hey, the logistical side of your business needs love, too! Whether you're building a budget or brushing up on startup law, these free business ebooks are a great place to start.

Key insights

This report analyzes four key areas of BSM. We start with the efficiency of processes (like invoice approval cycles or purchase requisition-to-order) and move through your operations evaluating the levels of digitization, compliance, and savings. How many man-hours are you wasting unnecessarily here? Coupa suggests, at the onset, a “no PO, no pay” policy, as well as shaving off time with pre-approval frameworks in place. For example, your supplier network is…

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12 Ways to Measure Business Spend Management Success
Reviewed by
Alissa Pagano
3.7
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Value

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Actionability

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What we loved:

This was an in-depth guide to business spend management which we still found surprisingly easy to read and understand. It's well-structured! Coupa is pulling real data for this report, rather than curating a self-reported survey, and pairs that with how-to advice, not just laying out the numbers and summarizing a few implications.

What we didn't love:

We like the aesthetic they were going for, but overall this report feels busy and word-heavy on the eyes. It'd benefit from a cleaner layout, and maybe bumping up the page count to get fewer words to a page. The actionable tips it has are a good start but we'd love to see even more how-to steps included, and a few comparisons of the inefficient vs well-implemented strategies.


25 pages
Table of Contents
Interviews from the field
ISBN
979-0397471675

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