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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 Magnit Workforce Management Platform?

We support some of the most renowned and competitive companies globally in rapidly adjusting to changes in their regions, industries, and economies, equipping them with the essential speed, scale, flexibility, transparency, and expertise needed to manage their integrated and contingent workforce through a single cohesive platform. Start by obtaining a thorough, real-time view of your contingent workforce, which encompasses everything from the initial request to the offboarding and reassignment stages. Cultivating resilience within your contingent workforce allows it to adapt to the evolving demands of your organization, whether that means expanding or contracting. Take control of compliance efforts and minimize risks by maintaining all your contingent workforce data in one centralized system of record. By giving your teams access to premier workforce management systems, you enable them to make well-informed business decisions. Moreover, enhance your organization’s approach to managing the entire lifecycle of contingent workforce management with unparalleled, vendor-neutral services that are designed to boost both efficiency and effectiveness. This strategy not only improves operational capabilities but also creates a more agile business environment, ready to proactively tackle future challenges while continuously evolving in response to market needs. Ultimately, fostering such adaptability positions your organization for sustained success in an ever-changing landscape.

Media

Media

Integrations Supported

SAP Ariba
SAP Concur
SAP Fieldglass
SAP Joule
SAP Store

Integrations Supported

SAP Ariba
SAP Concur
SAP Fieldglass
SAP Joule
SAP Store

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site 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

Magnit

Date Founded

2010

Company Location

United States

Company Website

magnitglobal.com/us/en/workforce-management-platform/integrated-platform.html

Categories and Features

Procurement

Asset Management
Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Purchasing

Catalog Management
Compliance Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Spend Management

Approval Workflow
Budgeting / Forecasting
Expense Tracking
Multi-Currency
Prepaid Cards
Procurement Management
Receipt Management
Spend Analysis
Spend Control
Supplier Management

Vendor Management

Audit Management
Contact Management
Customer Database
Self Service Portal
Supplier Master Data
Transaction History
Vendor Maintained Profiles
Vendor Managed Inventory
Vendor Performance Rating
Vendor Qualification Tracking

Categories and Features

Workforce Management

Budgeting & Forecasting
Contractor Management
Employee Lifecycle Management
Labor Projection
Performance Appraisal
Recruiting Management
Scheduling
Skills Tracking
Time & Attendance
Variable Workforce

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