• Solutions
    • Sourcing
      • eSourcing
      • Sourcing Content Library
      • Customisable Sourcing Events
      • Supplier Scoring & Evaluations
    • Contract Management
    • Supplier Management
      • Supplier Management
      • Supplier Compliance
      • Supplier Scorecards
      • Supplier Onboarding (Coming June 2025!)
    • Savings Management
    • Additional Features
      • Custom Fields
      • Configurations
      • Currencies
      • Languages
      • User Roles & Access
      • Import Data (Coming June 2025!)
  • Integrations
    • oboloo API
    • No code integrations
  • Pricing
  • Resources
    • Data & Security
    • Blog
    • FAQ’s
    • Partner Network
    • Media Kit
  • Contact
Get started for free
Book a demo

Savings Management

  • Home
  • Blog
  • Savings Management
Procurement Efficiency
Savings Management

Forecasting Savings: How Spend Analysis Drives Procurement Efficiency

December 19, 2024 The oboloo Team

Forecasting Savings: How Spend Analysis Drives Procurement Efficiency Introduction to Spend Analysis In a rapidly evolving business landscape, it’s crucial for organizations to have a clear understanding of their spending patterns. That’s where spend analysis comes in. By analyzing purchasing data, businesses gain valuable insights that enable them to make informed decisions and drive cost […]

AP Workflow
Savings Management

AP Workflow Evolution: From Tedious Tasks to Time and Cost Savings

October 24, 2024 The oboloo Team

AP Workflow Evolution: From Tedious Tasks to Time and Cost Savings Introduction to AP (Accounts Payable) Workflow When it comes to managing your company’s financials, few things are more time-consuming and tedious than the accounts payable (AP) process. From manual data entry to endless paperwork, traditional AP workflows have long been a burden for businesses […]

Cost Savings
Savings Management

Unlocking Savings: How Spend Analysis Forecasts Cost Savings

August 6, 2024 The oboloo Team

Unlocking Savings: How Spend Analysis Forecasts Cost Savings Introduction to Spend Analysis In the quest for cost optimization, organizations turn to various strategies and tools to unlock hidden opportunities. One such tool that has gained immense popularity is spend analysis. But what exactly is spend analysis? And how does it forecast cost savings? The Importance […]

Zero based budgeting
Savings Management

Strategic Cost Management: Embracing Zero-Based Budgeting

January 30, 2024 The oboloo Team

Strategic Cost Management: Embracing Zero-Based Budgeting Introduction to Strategic Cost Management In today’s fiercely competitive business landscape, effective cost management is more crucial than ever. Companies need to find innovative ways to optimize their expenses without compromising on quality or growth potential. That’s where strategic cost management comes into play – a proactive approach that […]

cost control program
cost tracking software

10 Proven Strategies for Implementing a Successful Cost Control Program

January 2, 2024 The oboloo Team

10 Proven Strategies for Implementing a Successful Cost Control Program Cost control programs are strategies and initiatives implemented by businesses to manage and reduce expenses. These programs aim to identify areas of inefficiency and waste, and implement measures to optimize resources and improve financial performance. Cost control programs are essential for businesses to maintain profitability, […]

cost tracking tools
cost tracking software

How Cost Tracking Tools Can Help You Achieve Your Financial Goals

January 2, 2024 The oboloo Team

How Cost Tracking Tools Can Help You Achieve Your Financial Goals Financial planning is crucial for achieving long-term financial goals and by implementing cost tracking tools, you can make this process more efficient. It involves creating a roadmap for your financial future and making informed decisions about how to allocate your resources. One important aspect […]

costing software
cost tracking software

Why Costing Software is the Key to Accurate Budgeting and Forecasting

January 2, 2024 The oboloo Team

Why Costing Software is the Key to Accurate Budgeting and Forecasting Budgeting and forecasting are essential components of running a successful business and costing software can help make both of these areas more efficient. They allow businesses to plan and allocate resources effectively, make informed decisions, and achieve their financial goals. However, traditional budgeting and […]

project cost control software
cost tracking software

Maximizing Your ROI with Project Cost Control Software: A Comprehensive Review

January 2, 2024 The oboloo Team

Maximizing Your ROI with Project Cost Control Software: A Comprehensive Review One of the key aspects of effective project management is cost control which can be managed effectively with project cost control software. Managing project costs is essential for ensuring that projects are completed within budget and that the return on investment (ROI) is maximized. […]

it cost management software
cost tracking software

Say Goodbye to Overspending: The Benefits of IT Cost Management Software

January 2, 2024 The oboloo Team

Say Goodbye to Overspending: The Benefits of IT Cost Management Software IT cost management software is a tool that helps businesses effectively manage and control their IT expenses. In today’s digital age, technology plays a crucial role in the success of businesses across various industries. However, managing IT costs can be a complex and challenging […]

project costing software
cost tracking software

From Budgeting to Forecasting: How Project Costing Software Can Streamline Your Workflow

January 2, 2024 The oboloo Team

From Budgeting to Forecasting: How Project Costing Software Can Streamline Your Workflow Project costing software is a tool used in project management to accurately estimate and track the costs associated with a project. It allows project managers, finance teams, and stakeholders to have a clear understanding of the financial aspects of a project, including budgeting, […]

Cost control software in construction
cost tracking software

Breaking Ground on Savings: The Benefits of Cost Control Software in Construction

January 2, 2024 The oboloo Team

Breaking Ground on Savings: The Benefits of Cost Control Software in Construction Cost control software in construction plays a crucial role in the construction industry, helping companies effectively manage and monitor project costs. In an industry where cost overruns are all too common, implementing cost control measures is essential to ensure the success and profitability […]

Cost Tracking Software
cost tracking software

Maximizing Profitability: How Cost Tracking Software Can Boost Your Bottom Line

January 2, 2024 The oboloo Team

Maximizing Profitability: How Cost Tracking Software Can Boost Your Bottom Line Profitability is a key metric for measuring the success of a business and cost tracking software can help monitor and boast profitability. It is the ultimate goal for any organization, as it determines the financial health and sustainability of the company. Profitability is calculated […]

Project Cost Tracking Software
cost tracking software

The Ultimate Guide to Choosing the Right Project Cost Tracking Software

January 2, 2024 The oboloo Team

The Ultimate Guide to Choosing the Right Project Cost Tracking Software Project cost tracking software is a tool used in project management to monitor and control the expenses associated with a project. It allows project managers to track and analyze the costs incurred throughout the project lifecycle, ensuring that the project stays within budget and […]

Project Cost Management Software
cost tracking software

The Ultimate Guide to Choosing the Right Project Cost Management Software

January 2, 2024 jlancaster86

The Ultimate Guide to Choosing the Right Project Cost Management Software Project cost management software is a valuable tool for businesses and organizations to effectively manage and control the costs associated with their projects. It provides a centralized platform for tracking, analyzing, and reporting on project costs, allowing project managers to make informed decisions and […]

Cost Management Software
cost tracking software

Maximizing Your Profits: The Benefits of Cost Management Software

January 2, 2024 The oboloo Team

Maximizing Your Profits: The Benefits of Cost Management Software Cost management software is a tool that helps businesses track, analyze, and control their expenses. It provides businesses with the ability to monitor and manage costs in real-time, allowing them to make informed decisions and optimize their financial performance. In today’s competitive business landscape, cost management […]

cost avoidance meaning
Cost Savings Tracker, Cost savings vs cost avoidance

Cost Avoidance Meaning: How to Cut Expenses Without Sacrificing Quality

December 20, 2023 The oboloo Team

Cost Avoidance Meaning: How to Cut Expenses Without Sacrificing Quality Cost avoidance meaning: In today’s competitive business landscape, cost avoidance has become a critical strategy for companies looking to maximize their profitability. By identifying and eliminating unnecessary expenses, businesses can significantly improve their bottom line and gain a competitive edge. In this article, we will […]

Definition of Cost Savings
Cost Savings Tracker, Cost savings vs cost avoidance

Definition of Cost Savings: A Beginner’s Guide to Cutting Business Expenses

December 20, 2023 The oboloo Team

Definition of Cost Savings: A Beginner’s Guide to Cutting Business Expenses Definition of cost savings: Cost savings is a crucial aspect of running a successful business. In today’s competitive market, businesses need to find ways to reduce expenses in order to increase profitability and stay ahead of the competition. This article will provide a comprehensive […]

Cost Savings vs Avoidance
Cost Savings Tracker, Cost savings vs cost avoidance

Cost Savings vs Avoidance: Finding the Right Balance for Your Business

December 20, 2023 The oboloo Team

Cost Savings vs Avoidance: Finding the Right Balance for Your Business Cost Savings vs Avoidance: In today’s competitive business landscape, finding ways to reduce costs and increase profitability is crucial for success. Two strategies that businesses often employ are cost savings and cost avoidance. While these terms may seem similar, they actually refer to different […]

What is cost savings
Cost Savings Tracker, Cost savings vs cost avoidance

What is Cost Savings: The Top Strategies for Achieving Cost Savings

December 20, 2023 The oboloo Team

What is Cost Savings: The Top Strategies for Achieving Cost Savings Introduction: Why Cost Savings is Important for Your Business What is cost savings: Cost savings is a crucial aspect of running a successful business. It directly impacts the growth and sustainability of your company. By effectively managing costs, you can improve profitability and competitiveness […]

definition of cost avoidance
Cost Savings Tracker, Cost savings vs cost avoidance

Unlocking Financial Wisdom: The Definitive Definition of Cost Avoidance Explained

December 20, 2023 The oboloo Team

Unlocking Financial Wisdom: The Definitive Definition of Cost Avoidance Explained Definition of Cost Avoidance Cost avoidance is a crucial concept in financial management that helps businesses maintain financial stability and growth. It involves identifying and eliminating unnecessary expenses before they occur, thereby preventing the need for cost reduction measures. In this article, we will explore […]

cost savings definition
cost savings software, Cost savings vs cost avoidance

Cost Savings Definition: What It Means and How to Achieve It

December 20, 2023 The oboloo Team

Cost Savings Definition: What It Means and How to Achieve It Introduction to Cost Savings Definition Cost savings definition: Cost savings is a crucial aspect of running a successful business. It involves finding ways to reduce expenses and increase efficiency, ultimately leading to higher profits. In this article, we will explore the importance of cost […]

cost avoidance definition
Cost Savings Tracker, Cost savings vs cost avoidance

The Power of Prevention: How Cost Avoidance Definition Can Benefit Your Business

December 20, 2023 The oboloo Team

The Power of Prevention: How Cost Avoidance Definition Can Benefit Your Business Introduction to Cost Avoidance Definition Cost avoidance is a term used in business to describe the practice of preventing unnecessary costs from occurring. It involves identifying potential expenses and taking proactive measures to avoid them. Cost avoidance is an essential concept in business […]

cost avoidance vs cost reduction
Cost Savings Tracker, Cost savings vs cost avoidance

Cost Avoidance vs Cost Reduction: Which is the Better Strategy for Your Business?

December 20, 2023 The oboloo Team

Cost Avoidance vs Cost Reduction: Which is the Better Strategy for Your Business? Introduction to Cost Avoidance vs Cost Reduction Cost management is a critical aspect of running a successful business. It involves finding ways to minimize expenses and maximize profits. Two common strategies used in cost management are cost avoidance and cost reduction. Cost […]

Cost Avoidance Examples
Cost Savings Tracker, Cost savings vs cost avoidance

Mastering Financial Wisdom: Cost Avoidance Examples in Procurement

December 20, 2023 The oboloo Team

Mastering Financial Wisdom: Cost Avoidance Examples in Procurement Introduction to Cost Avoidance Examples Cost avoidance is a crucial concept in procurement that involves taking proactive measures to prevent unnecessary expenses and reduce overall costs. It is the practice of identifying potential risks and finding ways to mitigate them before they occur, thereby avoiding the associated […]

cost saving and cost avoidance
Cost Savings Tracker, Cost savings vs cost avoidance

Mastering the Art of Business Efficiency: A Guide to Cost Saving and Cost Avoidance Strategies

December 20, 2023 The oboloo Team

Mastering the Art of Business Efficiency: A Guide to Cost Saving and Cost Avoidance Strategies Introduction to Cost Saving and Cost Avoidance Efficiency is a crucial aspect of running a successful business. It allows companies to maximize their resources, reduce costs, and improve overall productivity. In today’s competitive business landscape, organizations must constantly strive to […]

what is cost avoidance
Cost Savings Tracker, Cost savings vs cost avoidance

What is Cost Avoidance: Unraveling the Strategic Approach to Fiscal Efficiency

December 20, 2023 The oboloo Team

What is Cost Avoidance: Unraveling the Strategic Approach to Fiscal Efficiency Introduction to What is Cost Avoidance? Cost avoidance is a strategic approach to fiscal efficiency that focuses on identifying and eliminating unnecessary costs before they occur. It is an important concept in financial management as it helps organizations save money and allocate resources more […]

cost savings vs cost avoidance
Cost Savings Tracker, Cost savings vs cost avoidance

The Battle of the Budget: Cost Savings vs Cost Avoidance

December 20, 2023 The oboloo Team

The Battle of the Budget: Cost Savings vs Cost Avoidance Introduction to Cost Savings vs Cost Avoidance Budgeting is a crucial aspect of running a successful business. It involves planning and allocating resources to achieve financial goals. One of the biggest challenges in budgeting is finding the right balance between cost savings and cost avoidance. […]

Cost Avoid
Cost Savings Tracker, Cost savings vs cost avoidance

Strategic Savings: How to Navigate Business Success with Cost Avoidance Tactics

December 20, 2023 The oboloo Team

Strategic Savings: How to Navigate Business Success with Cost Avoidance Tactics Introduction: The Importance of Strategic Savings and Cost Avoidance in Business In today’s competitive business landscape, it is crucial for companies to find ways to save costs and improve their bottom line. Strategic savings, also known as cost avoidance tactics, play a vital role […]

cost avoidance vs savings
Cost Savings Tracker, Cost savings vs cost avoidance

Cost Avoidance vs Savings: Which Strategy Will Help You Save More?

December 20, 2023 The oboloo Team

Cost Avoidance vs Savings: Which Strategy Will Help You Save More? Introduction to Cost Avoidance vs Savings Strategies Cost management is a critical aspect of running a successful business. It involves the process of planning and controlling expenses to ensure that they are within budget and aligned with the company’s goals and objectives. Effective cost […]

cost avoidance
Cost Savings Tracker, Cost savings vs cost avoidance

The Ultimate Guide to Cost Avoidance: Strategies for Smart Spending

December 20, 2023 The oboloo Team

The Ultimate Guide to Cost Avoidance: Strategies for Smart Spending Introduction To Cost Avoidance Cost avoidance is a crucial aspect of financial management for businesses. It involves identifying and implementing strategies to prevent unnecessary expenses and reduce overall costs. By practicing smart spending, businesses can optimize their resources and improve their financial health. In this […]

cost savings analysis
Cost Savings Tracker, Cost savings vs cost avoidance, Uncategorized

The Ultimate Guide to Cost Savings Analysis: How to Cut Expenses and Boost Profits

December 20, 2023 The oboloo Team

The Ultimate Guide to Cost Savings Analysis: How to Cut Expenses and Boost Profits Introduction: Understanding the Importance of Cost Savings Analysis Cost savings analysis is a crucial process for businesses of all sizes. It involves examining and evaluating expenses to identify areas where costs can be reduced or eliminated. By conducting a cost savings […]

supplier cost reduction strategies
cost savings software, cost savings tracking software, cost savings tracking software, procurement cost savings

Mastering Efficiency: Unveiling Proven Supplier Cost Reduction Strategies for Procurement Success

December 20, 2023 The oboloo Team

Mastering Efficiency: Unveiling Proven Supplier Cost Reduction Strategies for Procurement Success Introduction: The Importance of Supplier Cost Reduction Strategies in Procurement Cost reduction is a critical aspect of procurement that can greatly impact the overall efficiency and profitability of a business. By effectively managing and reducing costs associated with suppliers, organizations can optimize their procurement […]

Procurement Savings Types
cost savings tracking software, cost savings tracking software, cost tracking software, procurement cost savings

5 Procurement Savings Types You Need to Know About

December 20, 2023 The oboloo Team

5 Procurement Savings Types You Need to Know About Introduction to Procurement Savings Types Procurement savings refer to the cost reductions and efficiencies that can be achieved through strategic sourcing and procurement practices. It involves finding ways to reduce costs, improve processes, and mitigate risks in the procurement process. Procurement savings are crucial for businesses […]

strategic sourcing savings
cost savings software, cost savings tracking software, cost savings tracking software, procurement cost savings

Maximizing Your Bottom Line: The Power of Strategic Sourcing Savings

December 18, 2023 The oboloo Team

Maximizing Your Bottom Line: The Power of Strategic Sourcing Savings Introduction to Strategic Sourcing Savings Strategic sourcing savings is a crucial aspect of business operations that can have a significant impact on a company’s bottom line. In today’s competitive market, maximizing your bottom line is essential for the success and growth of your business. By […]

cost reduction strategies for procurement
cost savings software, cost savings tracking software, cost savings tracking software, procurement cost savings

10 Proven Cost Reduction Strategies for Procurement Professionals

December 18, 2023 The oboloo Team

10 Proven Cost Reduction Strategies for Procurement Professionals Introduction to Cost Reduction Strategies for Procurement Cost reduction is a critical aspect of procurement that can have a significant impact on a company’s bottom line. By effectively managing costs, procurement professionals can contribute to the overall financial health and success of their organization. This blog post […]

procurement cost savings strategies
cost savings software, cost savings tracking software, cost savings tracking software, procurement cost savings

10 Proven Procurement Cost Savings Strategies That Will Boost Your Bottom Line

December 18, 2023 The oboloo Team

10 Proven Procurement Cost Savings Strategies That Will Boost Your Bottom Line Introduction to procurement cost savings strategies Procurement cost savings strategies refer to the various methods and techniques that businesses can implement to reduce their procurement costs. These strategies are designed to optimize the procurement process, improve efficiency, and ultimately save money for the […]

procurement cost reduction
cost savings software, cost savings tracking software, cost savings tracking software, procurement cost savings

The Ultimate Guide to Procurement Cost Reduction

December 18, 2023 The oboloo Team

The Ultimate Guide to Procurement Cost Reduction Introduction Procurement Cost Reduction Procurement cost reduction is a critical aspect of any organization’s financial management strategy. It involves identifying and implementing strategies to minimize the costs associated with acquiring goods and services. By effectively reducing procurement costs, organizations can improve their bottom line, increase profitability, and gain […]

procurement cost savings
cost savings software, cost savings tracking software, cost savings tracking software, procurement cost savings

The Ultimate Guide to Procurement Cost Savings: Tips, Tricks, and Best Practices

December 18, 2023 The oboloo Team

The Ultimate Guide to Procurement Cost Savings: Tips, Tricks, and Best Practices Introduction to Procurement Cost Savings Procurement cost savings refer to the reduction of expenses associated with the procurement process. It involves finding ways to minimize costs without compromising the quality of goods or services purchased. This is a critical aspect of business operations […]

procurement savings tracking tool
Procurement Savings Tracking Software, savings tracking software

The Ultimate Guide to Procurement Savings Tracking Tools

December 18, 2023 The oboloo Team

The Ultimate Guide to Procurement Savings Tracking Tools Introduction to Procurement Savings Tracking Tools Procurement savings tracking tools are essential for organizations looking to optimize their procurement processes and save money. These tools allow businesses to monitor and measure the savings achieved through their procurement activities, providing valuable insights into cost reduction opportunities and helping […]

savings tracking software
Procurement Savings Tracking Software, savings tracking software

Revolutionize Your Procurement Process with Savings Tracking Software

December 18, 2023 The oboloo Team

Revolutionize Your Procurement Process with Savings Tracking Software Introduction to Savings Tracking Software The procurement process is a critical aspect of any business, as it involves the acquisition of goods and services necessary for the operation of the organization. It is essential for businesses to have an efficient and effective procurement process in order to […]

Cost Savings Tracking Software
Procurement Savings Tracking Software, savings tracking software

The Ultimate Guide to Cost Savings Tracking Software: Everything You Need to Know

December 18, 2023 jlancaster86

The Ultimate Guide to Cost Savings Tracking Software: Everything You Need to Know Introduction Cost Savings Tracking Software Cost savings tracking software is a tool that helps businesses monitor and manage their cost-saving initiatives. It allows organizations to track and analyze cost-saving opportunities, improve accuracy in tracking savings, enhance collaboration among team members, and make […]

cost savings tracker
Procurement Savings Tracking Software, savings tracking software

The Ultimate Guide to Using a Cost Savings Tracker for Maximum Savings

December 6, 2023 The oboloo Team

The Ultimate Guide to Using a Cost Savings Tracker for Maximum Savings Introduction: Cost Savings Tracker A cost savings tracker is a tool that helps individuals and businesses keep track of their expenses and identify areas where they can save money. It provides a clear picture of spending habits and helps create a budget plan. […]

procurement savings tracking software
Procurement Savings Tracking Software, savings tracking software

Unlocking the Power of Data: How Procurement Savings Tracking Software Can Drive Your Business Forward

December 6, 2023 The oboloo Team

Unlocking the Power of Data: How Procurement Savings Tracking Software Can Drive Your Business Forward Introduction: Procurement Savings Tracking Software In today’s fast-paced business environment, data plays a crucial role in every aspect of an organization, including procurement and Procurement Savings Tracking Software. Data-driven decision making has become increasingly important in procurement as it allows […]

procurement savings tracker
Procurement Savings Tracking Software, savings tracking software

Boost Your Bottom Line: The Benefits of a Procurement Savings Tracker

December 6, 2023 The oboloo Team

Boost Your Bottom Line: The Benefits of a Procurement Savings Tracker Introduction to Procurement Savings Tracker A procurement savings tracker is a tool or software that helps businesses track and monitor the savings achieved through their procurement activities. It allows organizations to keep a record of the cost reductions and savings made in their procurement […]

Savings Reporting
Procurement Savings Tracking Software, savings tracking software

The Power of Savings Reporting in Procurement: How Procurement Can Drive Business Success

December 6, 2023 The oboloo Team

The Power of Savings Reporting in Procurement: How Procurement Can Drive Business Success Introduction: Understanding the Importance of Savings Reporting in Procurement Savings reporting in procurement refers to the process of tracking and documenting the cost savings achieved through procurement activities. It involves analyzing and reporting on the financial benefits that result from strategic sourcing, […]

cost savings software
cost savings software

Maximizing Your Bottom Line: How Cost Savings Software Can Help

December 6, 2023 The oboloo Team

Maximizing Your Bottom Line: How Cost Savings Software Can Help Introduction: Cost Savings Software In today’s competitive business landscape, cost savings play a crucial role in the success and sustainability of any organization. By reducing expenses and maximizing profits, businesses can improve their bottom line and gain a competitive edge. One effective solution to achieve […]

Cost savings vs cost avoidance
Cost savings vs cost avoidance

The Ultimate Guide to Cost Savings vs Cost Avoidance in Procurement: What You Need to Know

December 6, 2023 The oboloo Team

The Ultimate Guide to Cost Savings vs Cost Avoidance in Procurement: What You Need to Know Introduction: Cost Savings vs Cost Avoidance in Procurement Cost savings vs cost avoidance: both savings types are crucial aspects of procurement that can have a significant impact on a company’s bottom line. By effectively managing costs, organizations can improve […]

procurement cost savings
procurement cost savings

10 Proven Strategies for Procurement Cost Savings

December 6, 2023 The oboloo Team

10 Proven Strategies for Procurement Cost Savings Introduction to Procurement Cost Savings Procurement cost savings refer to the reduction of expenses associated with the procurement process. It involves finding ways to minimize costs without compromising the quality of goods or services purchased. This is a critical aspect of business operations as it directly impacts the […]

Procurement Savings Tracking Software
Procurement Savings Tracking Software

Unlocking the Power of Data: How Procurement Savings Tracking Software Can Transform Your Business

December 4, 2023 The oboloo Team

Unlocking the Power of Data: How Procurement Savings Tracking Software Can Transform Your Business Introduction: The Importance of Procurement Savings Tracking Software Procurement plays a crucial role in the success of any business. It involves the process of sourcing, purchasing, and managing goods and services that are essential for the organization’s operations. Effective procurement can […]

cost tracking software
cost tracking software

Maximizing Your Savings: The Benefits of Procurement Cost Tracking Software

December 4, 2023 The oboloo Team

Maximizing Your Savings: The Benefits of Procurement Cost Tracking Software Introduction to Procurement Cost Tracking Software Procurement cost tracking software is a tool that helps organizations monitor and manage their procurement costs. It provides a centralized platform for tracking and analyzing all expenses related to the procurement process, including purchase orders, invoices, and payments. This […]

Cost Savings Tracker
Cost Savings Tracker

From Chaos to Control: How a Procurement Cost Savings Tracker Can Streamline Your Business

December 4, 2023 The oboloo Team

From Chaos to Control: How a Procurement Cost Savings Tracker Can Streamline Your Business Introduction: The Importance of a Procurement Cost Savings Tracker Procurement cost savings play a crucial role in the success and profitability of businesses. By effectively managing and reducing procurement costs, companies can improve their bottom line, increase their competitiveness, and enhance […]

Cost Savings Tracking Software
cost savings tracking software

The Ultimate Guide to Cost Savings Tracking Software: Everything You Need to Know

December 1, 2023 jlancaster86

The Ultimate Guide to Cost Savings Tracking Software: Everything You Need to Know Introduction to Cost Savings Tracking Software Cost savings tracking software is a valuable tool for businesses to monitor and manage their expenses. It provides a systematic approach to tracking cost savings, allowing businesses to identify areas where they can reduce costs and […]

Savings Tracking Software
savings tracking software

Track Your Savings Like a Pro: The Ultimate Guide to Savings Tracking Software

December 1, 2023 The oboloo Team

Track Your Savings Like a Pro: The Ultimate Guide to Savings Tracking Software Introduction to Savings Tracking Software Savings tracking software allows businesses to monitor their progress towards financial goals, identify areas where they can cut expenses, and make informed decisions about their spending habits. One of the most effective tools for tracking procurement savings […]

Cost avoidance cost reduction
Savings Management

Cost Savings vs Cost Avoidance: What’s the Difference?

April 11, 2023 The oboloo Team

Cost Savings vs Cost Avoidance: What’s the Difference? When it comes to controlling costs, the terms “cost saving” and “cost avoidance” are often used interchangeably. But, there is a distinct difference between these two cost-reduction strategies. Cost savings is the practice of reducing expenses; whereas cost avoidance seeks to reduce future or potential expenses. In […]

Cost reduction strategies
Savings Management

Cost Reduction 101 – Comprehensive Guide to Procurement Cost Reduction

April 4, 2023 The oboloo Team

Cost Reduction 101 – Comprehensive Guide to Procurement Cost Reduction Every business wants to increase their profits, but how do you get there? Cost reduction in procurement is a great way to increase profit margins and give your bottom line a boost. In this guide, we will discuss why it’s important to reduce procurement costs, […]

Procurement Cost Savings
Savings Management

Procurement Cost Savings – measure, report and increase cost savings

March 30, 2023 The oboloo Team

Procurement Cost Savings – measure, report and increase cost savings If you’re responsible for a procurement team, reducing costs is probably one of the main goals you care about. In fact, cutting costs is the primary KPI for most purchasing organizations. But what’s the best way to measure and report those cost savings? In this […]

hard savings
Savings Management

Hard Savings vs Soft Savings—What’s The Difference?

March 28, 2023 The oboloo Team

Hard Savings vs Soft Savings—What’s The Difference? One of the key strategies for lean organizations is getting an accurate read on the return on investment (ROI) that their operations are generating. Understanding which activities are generating hard savings and which ones are driving soft savings is a crucial part of this process. In this article, […]

Cost Reduction
Savings Management

Cost Reduction Strategies in Procurement

March 23, 2023 The oboloo Team

Cost Reduction Strategies in Procurement For companies looking to reduce costs, procurement is often one of the first places they look. Cost reduction during procurement processes can be accomplished through various strategies that range from the short-term to medium and long-term goals. In this blog post, we are going to examine 11 effective cost reduction […]

Procurement Savings
Savings Management

Everything You Need To Know About Procurement Savings

March 21, 2023 The oboloo Team

Everything You Need To Know About Procurement Savings Everyone wants to get more while paying less. Procurement and Finance teams are no different – they’re passionate about cutting costs and creating value for the company. But how do they know what savings to look for, and how do they calculate it? In this article, we’ll […]

Savings Tracking
Savings Management

Savings Tracking 101 – Comprehensive Guide to Procurement Savings Tracking

March 16, 2023 The oboloo Team

Savings Tracking 101 – Comprehensive Guide to Procurement Savings Tracking Savings tracking is at the heart of effective procurement. Achieving and reporting on measurable savings requires a continuous process to monitor, measure, and report on your procurement team’s results By following this guide, you’ll be able to directly monitor the savings that your company realize […]

Procurement Savings Strategies
Savings Management

Strategies to Generate Procurement Cost Savings

February 21, 2023 The oboloo Team

Strategies to Generate Procurement Cost Savings Introduction All businesses have their own unique ways of managing their procurement process, but one thing remains consistent: the need for cost savings. Without proper management and optimization of procurement costs, even the most successful companies can struggle to stay profitable. That’s why it’s so important to know how […]

Cost reduction
Savings Management

Cost Reduction- The Ultimate Guide

February 16, 2023 The oboloo Team

Cost Reduction- The Ultimate Guide Introduction If there’s one thing all businesses have in common, it’s the need to better control and reduce costs to improve profit margins But it can be difficult to identify and implement cost-saving strategies that don’t negatively impact your bottom line. That’s why we’ve put together this comprehensive guide on cost […]

Cost Avoidance
Savings Management

Cost Avoidance in Procurement- The Ultimate Guide

February 14, 2023 The oboloo Team

Cost Avoidance in Procurement- The Ultimate Guide It’s no secret that cost can play a huge factor in the success of any business, and procurement is no exception. Procurement managers have always been looking for ways to save money, but with the current landscape of global competition and fluctuating prices, it can be hard to […]

Procurement savings
Savings Management

Procurement Savings – The Ultimate Guide and Strategies

January 31, 2023 The oboloo Team

Procurement Savings – The Ultimate Guide and Strategies Introduction to procurement savings Procurement savings can be defined as the difference in cost between what a company pays for goods or services and what it would have paid if it had purchased those same goods or services at the lowest possible price. In other words, procurement […]

procurement savings
Savings Management

5 Steps to Maximise Procurement Savings

December 1, 2022 The oboloo Team

5 Steps to Maximise Procurement Savings   Procurement is a necessary part of any business – no matter the size. But it’s also an area where businesses can make huge savings by cutting costs and maximising efficiency. With this in mind, this ultimate guide will provide you with all the tips, tricks and advice that […]

Strategic Cost Reduction
Savings Management

What is Strategic Cost Reduction in Procurement?

November 29, 2022 The oboloo Team

What is Strategic Cost Reduction in Procurement? Strategic cost reduction is a powerful tool in any business’ procurement process. It involves the careful analysis and optimization of costs, leading to improved efficiency and effectiveness. Strategic cost reduction can be used to identify areas of waste and quickly reduce costs through better buying practices. But what exactly […]

Procurement Savings
Savings Management

How do companies make procurement savings?

November 24, 2022 The oboloo Team

How do companies make procurement savings? Any business, regardless of size, can benefit from making smart procurement savings. But how do companies go about achieving them? This article will explore the various methods that organizations use to make cost-savings on the procurement and supply side. From streamlining operations to negotiating better contracts and more, these tips and tricks are […]

cost savings
Savings Management

Procurement Cost Savings: 19 Strategies That Work

October 18, 2022 The oboloo Team

Procurement Cost Savings: 19 Strategies That Work Procurement is one of the most important functions in any business and one of its main responsibilities is to achieve cost savings. It’s responsible for bringing in the necessary supplies and materials to keep your business running smoothly. However, with so many companies trying to do it all themselves, […]

procurement savings
Savings Management

How Do You Measure Procurement Savings?

April 5, 2022 The oboloo Team

How Do You Measure Procurement Savings? Procurement savings are key as each company prepares their annual accounts that summarize its financial performance, and over time, comparing them is a measure of how well it is doing relative to previous years. There is a limited amount of detail in these accounts, and they are a top-level summary of […]

cost avoidance vs cost reduction
Savings Management

Cost Avoidance Vs Cost Reduction: What’s The Difference?

February 15, 2022 The oboloo Team

Cost Avoidance Vs Cost Reduction: What’s The Difference? When it comes to business, cutting any costs and avoiding any unnecessary expenditures is obviously key to improving profitability. Your profits will be higher if you can maintain a higher level of revenue and cash flow. Employees are often required by their employers to classify the financial benefits of capital investments or organisational […]

Track Procurement Savings
Savings Management

What is The Procurement Savings Tracking Process?

January 25, 2022 The oboloo Team

What is The Procurement Savings Tracking Process? In the same way that companies track the revenue generated by their sales and marketing departments, they can also track the cost savings delivered by the finance and procurement departments. Although cost savings may appear to be much smaller than sales revenue over the same period, they can have an equally powerful impact on company’s profitability. The best […]

How To Track Procurement Savings
Savings Management

How To Calculate Procurement Savings

December 17, 2021 The oboloo Team

How To Calculate Procurement Savings No matter what industry a business is in, it requires several items to operate. Materials, equipment, and primary products are all required. As well as repairs, training, and other services, companies sometimes require a wide range of services to maintain them. Such costs can accumulate, especially if they are not properly managed. A […]

Procurement SAvings sm
Savings Management

How To Track Procurement Savings

June 4, 2021 The oboloo Team

How To Track Procurement Savings Just as every company tracks the revenue generated by their sales and marketing departments so they can also track the procurement savings delivered by their finance and procurement departments. Although any cost savings delivered may look to be significantly less than the sales revenues generated over a similar period, they can have an equally powerful impact […]

Contract negotiation saas
Savings Management

Do You Measure Procurement Savings?

May 7, 2021 The oboloo Team

Do You Measure Procurement Savings? Every company prepares annual accounts that summarise its financial health and over time comparing them is a measure of how well its doing relative to previous years. These accounts are a top-level summary of the numbers, may be viewed externally and are limited in the amount of detail that they show. As the […]

Categories

  • Contract Management (30)
  • General Procurement (198)
  • Savings Management (25)
  • Sourcing (65)
  • Supplier Management (69)
  • teal spot
    Get started

    Ready to transform your procurement processes?

    Optimise supplier relationships, streamline sourcing activities, manage contracts with ease and track savings efficiently with our all-in-one procurement platform

    Get started for free
    Book a demo
    oboloo contract management software

    Want to receive news and updates?


      The smarter way to have full visibility & control of your suppliers

      Features
      • Sourcing (RFP's, RFI's, RFQ's)
      • Sourcing Content Library
      • Sourcing Supplier Scoring
      • Sourcing Supplier Scoring
      • Customisable Sourcing Events
      .
      • Supplier Management
      • Supplier Scorecards
      • Supplier Compliance
      • Contract Management
      • Savings Management
      Resources
      • Blog
      • Charities
      • FAQ's
      • Configurations
      • Currencies
      • Languages
      • User Roles & Access
      • Partner & Reseller Network
      Software
      • Integrations
      • API
      • Service Status
      • Security Score
      • Roadmap
      • Release Notes
      Contact Us

      © 2025 oboloo Limited. All rights reserved

      • Terms
      • Privacy Policy
      • Sustainability
      • Equality, Diversity & Inclusion
      • Modern Slavery