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Spend Management

Healthcare & Pharmaceuticals | Home Health Care Software

Product Overview

Spend Management

Spend Management Software

Transparency is priceless

Find a better way to spend.

Managing end-to-end procurement.

The Procurement team has matured way beyond a cost control centre. They have a strategic role to play in ensuring the suppliers you work with are right for your business, from getting the best value for money, to shared economic, social and governance value (ESG). No longer is it just about what you spend, it’s also about how you spend.

Advanced provides your organisation with effective tools to positively impact your environment, your people, and your business value through effective spend and supplier management solutions.

Environmental, social and governance goals

Meeting your ESG goals can only occur if you have full visibility of how your suppliers contribute to your organisation’s overall ratings.

Changes to legislation and compliance

This isn’t optional – spend management is critical to ensuring compliance across an organisation. New legislation regarding financial transparency and sustainability is being introduced globally. Across Europe we have the Corporate Sustainability Reporting Directive, in the UK we have the Environmental Act and Plastic Packaging Tax - investors are also increasingly calling for companies to reflect climate-related risks in their financial results.

Rising inflation and cost reductions

With inflation reaching a 30-year high, pressures on spend vs cost are increasing. Forecasting and planning is vital to ensure the books remain balanced.

Supervised expenditure

Organisations are facing high levels of uncontrolled maverick spending among employees. It makes managing how people spend, and who they spend with, increasingly difficult and time consuming. Enable strategic spend planning within your organisation with Advanced.

Supply Chain Complexity

We are all very familiar with the disruption and the impact on global supply chain due socioenvironmental and geopolitical factors, including shifts in consumer behaviours. Providing transparency around what your organisation needs, current stock availability and what your consumers need, provides you with the power effectively manage your supplier chain and remain dynamic in sourcing – whether this is choosing a more local supplier or spreading risk with multiple suppliers.

Back-office efficiency and data visibility

Back-office functions such as manual document processing or checking data results in many waisted hours and tedious work for Accounts Payable, Sales Operations or Logistics teams.

Specifications

Data Automation

Perfect data every time

Eliminate manual processing and realise your business’ potential

We give organisations the power to extract, validate and transform data from documents - with no errors. Every time.

The Advanced Data Automation solution provides businesses with a tool to ensure 100% accurate automated processing of documents across the back office. This means teams can spend less time on manual data entry and more time analysing trusted data.

Whatever types of documents your back-office process and whichever industry you’re in, the ability to trust your data without doubt is critical to ensure future business growth. With Advanced Data Automation, your organisation is supplied with perfect information to enable rapid transactions, eliminate manual processing, and provide the confidence to make strategic decisions based on accurate data held in your systems.

Challenges in Data Automation

Time consuming manual processing

Although there has been a shift from physical documents to digital documents in recent years, many organisations are still burdened with manually checking and processing data from these documents into business systems. Either through keying-in data from emailed documents or entering into portals or online forms or having to manually cross-check data processed from OCR (Optical Character Recognition) processed documents.

Scalability

A growing organisation naturally sees documents in the back-office increase whether this be taking in new orders from customers, processing the invoices from suppliers or processing freight documents to move goods onto their next destination. In an organisation still processing manually, or using semi-automated OCR requiring checking, the increase in business would only be possible by increasing team members or seeing the existing team suffering with delays due to overcapacity.

Data errors incurring costs

Making errors during document processing is easily done, team members have a mountain of tasks to complete, and it is easy to make a small mistake. However, when processing business documents, these small errors can result in costly mistakes which take time, and money, to rectify. With Advanced Data Automation for Orders, we can vastly reduce, and support you with eliminating these additional costs.

Cost efficiencies

Driving efficiencies within your organisation means reducing those costs that don’t need to be spent. The back-office is an integral part of a well-functioning organisation but reducing unnecessary spend in this area means you can prioritise funds to where it matters, your customers or service users. With Advanced Data Automation, you can reduce the wasted costs from processing errors, increase business without requiring outsourcing or headcount for manual processing, and with accurate data, you can see exactly where the most supplier spend occurs and make strategic decisions.

Visibility and control

With processed data in systems often unreliable, leaders cannot access the valuable insight to drive business decisions, and in many cases the insightful data is still locked in documents and unextracted. Business leaders need large volumes data that is readily available, all in one place, and not in disparate systems or spreadsheets.

ADVANCED MARKETPLACE

Procurement Software

Bring spend under control.

More than just spend control software

Find out more about the powerful features that sit within Advanced Marketplace.

Reporting & Dashboards

Focus on strategy and performance easily, with our powerful reports and dashboards that are built into the Advanced Marketplace

The user-friendly interface provides a high-level dashboard, with the ability to drill down for additional (more detailed) information. In addition to this, buyer insights can be configured so that individual users have access to the data most relevant to them (rather than the whole organisational spend). This means that different users have easy access to what’s most important.

Procurement Management

Ensure all purchases are accurate, efficient, and clearly recorded through the Marketplace

During the purchasing process, it can often be challenging to maintain financial control and to stay on top of things. Advanced Marketplace enables procurement teams to save time and increase focus, with complete visibility of vendors, orders, and all other parts of the purchasing cycle.

Powerful and flexible workflows

Simplify your purchasing process and allow your procurement team to be more agile by setting customisable workflows and flexible approval workflows

In the requisitioning process, it can be difficult to keep on top of endless paperwork, purchases, receipts, invoices, and authorisations. Expedite your operations with automated and flexible workflows to reduce manual tasks and improve productivity.

Supplier Management

Advanced Marketplace was built to improve the overall procurement process between procurement teams and suppliers. Ensuring good communication is established and manual tasks are reduced on both sides.

Integrations

Keep it connected with Advanced Marketplace

The Advanced transaction hub enables end to end electronic transactions between buyer FMS & ERP systems, as well as the order processing and billing systems of their key suppliers.

ADVANCED CONTRACT MANAGEMENT

Contract Management Software

Maximise the value of your supplier agreements.

Reporting & Dashboards

Focus on strategy and performance easily, with our powerful reports and dashboards that are built into Advanced Contract Management

The user-friendly interface provides a high-level dashboard, with the ability to drill down for more detailed information. In addition to this, contract insights can be configured so that individual users have access to the data most relevant to them.

Contracts & Visibility

Simplify your contract management process and allow your team to be more agile by setting customisable filters and tracking contract milestones and variations

Start gaining insights into the whole contract landscape the instant you start populating data. Our reports are tied to core contract administration functions, meaning they’re ready to roll as soon as you begin using Advanced Contract Management

Data & Insights

Realtime insights specifically tailored for your whole team

Having access to up to date contract information is critical to making informed contract decisions. Without this data, teams can struggle to act and react to changing market dynamics and business priorities.

Empower your teams with full contract visibility – ensuring agility and efficiency when making key business decisions.

Compliance & Information Management

Adapt to legislative changes and manage information efficiently with Advanced Contract Management

Reduce human error and manual input when dealing with important reports and contracts. Ensure the right people are involved and information is available for selected team members. Advanced Contract Management makes it easy for your organisation to maintain high compliance levels.

ADVANCED SUPPLIER MANAGEMENT

Supplier Relationship Management Software

Reduce risk and get a complete overview of supplier performance.

Advanced Supplier Management: Anticipate. Plan. Achieve.

Advanced Supplier Management helps organisations to thrive in an increasingly unpredictable environment.

Our supplier management solution puts you in the driver’s seat for contract negotiations, by providing clear visibility of all your contracts and suppliers in one centralised location.

Visibility of suppliers is one of the main priorities for procurement teams. Whether your organisation is within the NHS, higher education, local government, or the private sector, we have a solution that enables your team to build effective supplier relationships (while improving supplier performance too).

Key capabilities

Quick start contracts

Contract integrity controls

Checklists and activities

Alerts and reminders

Tracking of contract changes

Automated tracking/reporting

Fast implementation

Built-in dashboards

Modern user interface

Easy to use

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