Spend Visibility Software

A common problem for many organisations is not knowing exactly what they are spending in certain areas of business.  One significant side effect of this is lost visibility. A saving of £10k in an organisation is equivalent to making £100k in new sales. Organisations need data they trust, so they can take control.  Without visibility, [...]

Posted on: 18 March 2013 | 9:41 am

SPEND VISIBILITY – FASTER, DEEPER, DATA YOU CAN TRUST

SPEND VISIBILITY – achieving it can be a challenge. The ability to access and understand historical spend data is crucial to identifying critical issues that need addressing within organisations.  And critical to cost reduction. This is where technology steps in.  EPI International’s Spend & Process Analysis software iCEO was co-created with Warwick University:  iCEO provides [...]

Posted on: 15 March 2013 | 10:33 am

Cost Reduction- The Devil’s In The Detail

Pinpointing, prioritising and pursuing hidden costs is only possible with VISIBILITY.  Maximising visibility can difficult, but once it’s achieved, costs can be challenged and remodeled.   As cost & process analysts we uniquely understand the problem of creating visibility  - getting to that devilish detail via Excel can be a soul-destroying exercise –   so [...]

Posted on: 12 March 2013 | 6:07 am

Contract Management News: EPI International and The Chartered Institute of Purchasing & Supply (CIPS) have teamed up on a CIPS members-benefit promotion.

From March 2013, when CIPS members renew their annual subscription they get FREE access to EPI’s essential contract management software Contracts in the Cloud. Contracts in the Cloud solves issues that arise around contract management within larger organisations.  In fact, contract management is one of the greatest and most neglected cost-cutting opportunities in larger organisations. The [...]

Posted on: 6 March 2013 | 4:31 am

How to Create Cost Reduction Opportunities – Software with the Midas Touch

The problem It is often very difficult and extremely time consuming to get a clear picture of spend across a business.  A common problem many organisations have is not knowing exactly what they are spending on certain categories of products and services. Lack of cost visibility prevents organizations from harnessing the significant hidden profit and [...]

Posted on: 6 February 2013 | 5:06 am

Contract management software and what big businesses needs to know

We may not realise it, but contracts help to drive and shape pretty much every business: Gartner estimates that between 60-80 per cent of all business transactions are governed by contracts or agreements in one form or another, particularly across finance, IT, legal dept, purchasing, sales, operations and HR. So, whether we are aware of [...]

Posted on: 29 January 2013 | 3:41 am

Managing Contracts & Larger Organisations

Contract management is one of the greatest and most neglected cost-cutting opportunities in larger organisations.  It’s not unusual to find contracts are often managed without true diligence or governance – holding companies to costs, product and services that no longer provide best value or purpose. Often there is no central repository for key contracts; no [...]

Posted on: 22 January 2013 | 8:49 am

Contract Management For Large Organisations

For large organisations, contract management can be a major challenge, full of points of pain: * High-volume of supplier contracts to keep track of * Long time-cycles for negotiating, delivering & signing of contracts * Cumulative increased cost-effect when contracts are forgotten and rolled-over Contracts can be an asset or a liability according to how [...]

Posted on: 21 January 2013 | 4:36 am

MANAGING CONTRACT REVIEWS

Contracts underpin the organisation of businesses across the globe – they are living legal documents that can be an asset or a liability. Contract renewal should be a time of opportunity:   * For negotiating better contract terms * Reviewing process * Ending poor contracts * Appointing suppliers under contract who provide better value and [...]

Posted on: 16 January 2013 | 4:19 am

CONTRACT MANAGEMENT SOFTWARE – WHY BOTHER?

Contract management software solves challenges at various stages of contract management.  Let’s look at this more closely. Poor Contract Management Contracts are living, legal documents that underpin business practice across the globe – so diligent contract management is essential.  Yet, many organizations don’t have clear strategy and this can happen: * Contract documents get lost [...]

Posted on: 14 January 2013 | 5:02 am