This App brings in the flavor of Contract management based on PO and identifies the potential risk and calls for the action. Cash flow planning from the Procurement perspective projects the future outflow and any negotiation on the renewals is identified and called out. PO and Non-PO Spend analytics with a viewpoint what’s planned and spent vs what’s going to be spent in the forthcoming period (Actuals Vs. Forecast). This brings in a cash flow perspective for CAPEX and its associated approval/process workflow.
The most important feature of this app is on Contract Cost Analysis that envisages what is overruns and underruns of cost and differentiates the cost avoidance Vs. cost savings. The CPO organization can view the Procurement ROI, supplier analysis, capture risks, and opportunities at the contract level and confirm the investment/ spend has yielded the desired results.