Procurement is essential to understanding and controlling costs, but many firms find themselves unable to give procurement as much focus as they would like. Other priorities often compete for attention, and many firms find it challenging to maximize cost savings without disproportionately increasing procurement overhead.
Integreon’s Procurement solution helps firms overcome these challenges. We procure third-party goods and services on behalf of our customers, tracking spend and actively managing supplier contracts to deliver cost savings. Our solution includes:
- Spend tracking and analysis
- Vendor contract negotiation
- Identifying opportunities for savings and consolidation
- Invoice processing and payment of accounts payable
- Cost control results of procurement management reported monthly, with YTD figures and annual forecasts
Our integrated solution methodically delivers quantifiable savings for our customers. Integreon’s collaborative governance model ensures procurement is in sync with the firm’s core strategy, while freeing firm management to focus on their highest and best use.