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What is SAP Intelligent Spend Management?

Manage all sources of expenditure across different categories to create a unified financial perspective. SAP’s solutions for spend management enable prompt and well-informed decisions that drive your organization’s growth. This encompasses both direct and indirect spending, alongside external services, temporary labor, travel, and additional expenses. Moving away from traditional and disconnected spend management practices toward a smarter strategy can lead to impressive outcomes, starting with streamlined invoice handling. By digitizing and refining your complete source-to-pay workflows, you can enhance control over spending related to both direct and indirect materials, identify fresh saving possibilities, and strengthen your supply chain. Moreover, effectively overseeing your external workforce and service providers throughout their entire lifecycle requires managing everything from onboarding and billing to tracking milestones, ensuring project completion, and facilitating secure off-boarding with quality assessments. In addition, you can aggregate and capture travel and expense data from nearly any transaction, which will improve your overall financial insights and decision-making capabilities. This all-encompassing strategy not only simplifies processes but also promotes sustainable operational excellence, ensuring your organization remains competitive in the long term. Ultimately, embracing such a comprehensive approach can lead to transformative growth and enhanced financial health.

What is ISPnext?

ISPnext enables Procurement and Finance teams to manage the complete Source-to-Pay journey through one modular platform. From selecting and managing suppliers to contracts, purchasing, invoice processing and spend analysis, ISPnext connects essential processes and data in a single environment. The platform includes Sourcing, Vendor Management, Contract Management, Procurement, AP Automation, Spend Analytics and Procurement Value Management. Each solution can be implemented individually or combined to match an organisation’s needs and technology landscape. With centralised data and connected workflows, ISPnext helps organisations increase transparency, automate manual processes and gain greater control over spend, suppliers and financial obligations. Integration with existing ERP environments allows teams to improve their Source-to-Pay processes without replacing their core systems.

Media

Media

Integrations Supported

SAP Ariba
SAP Concur
SAP Fieldglass
SAP Joule
SAP Store

Integrations Supported

Exact Globe+
Exact Online
IFS Ultimo
Infor LN
Infor M3
Infor SyteLine
JD Edwards EnterpriseOne
Microsoft Dynamics 365 Business Central
Microsoft Dynamics 365 Finance
SAP ECC
SAP HANA
Sage 200

API Availability

API Availability

Has API

Pricing Information

Pricing not provided
Free Trial Offered?

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

SAP

Date Founded

1999

Company Location

United States

Company Website

www.sap.com/cmp/dg/intelligent-spend-management/index.html

Company Facts

Organization Name

ISPnext

Date Founded

2000

Company Location

Netherlands

Company Website

www.ispnext.com/en/

Categories and Features

Procurement

Contract Management
Invoice Processing
Purchase Order Management
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Purchasing

Contract Management
Invoice Processing
Purchase Order Management
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Spend Management

Spend Control
Supplier Management

Vendor Management

Supplier Master Data

Categories and Features

AP Automation

Not specified

Contract Management

Buy Side (Suppliers)
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Pre-built Templates
Workflow Management

Procure to Pay

Billing & Invoicing
Budgeting / Forecasting
Compliance Management
Contract Lifecycle Management
Integration Management
Vendor Management

Procurement

Budget Management
Catalog Management
Contract Management
Invoice Processing
PunchOut
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Risk Management

Alerts/Notifications
Dashboard
Risk Assessment

Spend Management

Budgeting / Forecasting
Procurement Management
Spend Analysis
Spend Control
Supplier Management

Vendor Management

Audit Management
Contact Management
Self Service Portal
Supplier Master Data
Vendor Maintained Profiles
Vendor Performance Rating
Vendor Qualification Tracking

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