2 Rectory Court, Southampton, Hants, SO30 2SJ, UK. 02380 970979

Spend Management

Optimize Each Penny Spent with Spend Management Solutions from Egnut

Creating significant change in corporate performance goes beyond clever new technology and smart people. Saving more money is about more than taking established processes and automating them, flaws, warts and all. They need to be transformed, automated and then managed in order to efficiently optimize them and make them responsive.

Egnut’s team of result-oriented individuals provide your business with easy to use and implement solutions, which are easy on your budget. Our goal is to inject best practice to make your business performance soar to sustainable new heights. With data driven methods, we take advantage of a special combination of customizable software to provide an enjoyable user experience that can be fully incorporated with your corporate financial systems.

Reliable Solutions to Make Spend Management Simple

Are you looking for the best method to manage your company spend, control costs and improve compliance? For over six years, Egnut has successfully provided simple and effective spend management services and helped hundreds of clients in Mansbridge, Hampshire and Ocean village in Southampton. We deliver solutions to help you handle outsourcing, reporting, invoicing, procurement and contract management efficiently.

Our process involves the use of intelligence led strategies to fuel project planning, training sessions, weekly meetings, timely reminders and smart management of the whole project. We provide our clients with better interface, improved functionality, more stable pricing and increasingly flexible workflows. With our premium spend management services, you can consistently enjoy the rewards of spend visibility and control.

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Egnut Tail Spend Management – How It Works

In many organisations, tail spend is often ignored. This occurs because a lot of suppliers are available and the thought of tackling them can be an overwhelming one. Even businesses with a sizable level of control over most of their cost structure encounter challenges when it comes to tail spend management.

Egnut Tail Spend Management combines technology and services organised to empower our clients in Southampton and other nearby areas like Romsey, Winchester, Totton and Hedge End, to address the high number of suppliers and the high volume of invoices that have to do with the final 20% of spend.

Our tail spend management makes use of a step by step approach, taking into account your opportunities for saving, establishing purchase controls, and increase your capacity for spend under management. We also focus on tail spend categories, making use of the best method for each then automating the methods of invoice processing. Invoice capture is also automated, organising with the appropriate technique for each supplier depending on invoice volume and technological capability.

Proven Best Practise to Help You Optimise Finances

Egnut is trusted by hundreds of clients in Southampton to consistently deliver big savings and efficiencies. Some of our clients include ABP, University of Southampton, the NHS, Southampton Solent University, BBC South, Southampton Airport, Ordnance Survey, and Carnival UK.

We offer a complete end-to-end solution which effectively puts your organisation in control. Helping you establish a firm foundation financially. You will enjoy full visibility of spend control processes throughout your organisation. With the guidance of our team of experts, you can achieve appreciable savings and exploit new opportunities, making use of your newly acquired tools and expertise.

What are you waiting for? Let us help you with your money saving goals for your organisation. Our lines are always available. If you tell us where you need to optimise more, we can show you how to do that as efficiently as possible.

Frequently Asked Questions about spend management services

Here are some of the regular questions we get asked and the usual answers we give. If your question is not here, simply let us know and we would be delighted to fill in the blanks for you.

The term spend management is an umbrella one encompassing processes such as supply chain management, outsourcing, e-procurement, procurement. Spend management refers to taking control of how money is spent in a business in order to build products and services.

There are many advantages SaaS-based applications have over licenced software or hardware. There are no installation costs and upfront annual subscriptions are cheaper.in addition, SaaS-based applications are generally more flexible, easy to use and can be accessed from anywhere and at any time using internet connection. Licenced software and hardware do not share such benefits.

Of course. Egnut will continue to follow the requirements for Payment Card Industry (PCI) Compliance just as they are laid down by the PCI guidelines. According to the PCI Standards Council, Compliance is an on-going process and not a one-time event. We try to abide by the rules in all the ways we can.

Egnut is one of the best where ROI is concerned. We ensure additional return on investment through better utilization of staff time, compliance with terms of supplier relationships and contracted catalogues. We will help you meet mandated reporting requirements as well by creating an improved accountability system for your business.

Generally, our customers can have all of their suppliers enabled, and have all employees using the system and saving money for the organisation within a couple of months. We provide fast service, managing your supplier enablement, hosting and maintaining the system for you at all hours of the day and night.

Spend management and eProcurement solutions provide means to save money, resources and time. It involves making the most of existing resources so that you can allocate more time and resources to other on-going projects. Any changes to your existing process will not harm the unique character of your organisation and we would be delighted to show you how.