- Unlimited Procurement Savings Projects
- Unlimited Savings Document Storage
- Track Your procurement Savings In Real Time
- Savings Approvals
- Savings Validation
- User-friendly Dashboards
- Automated Notifications
- Savings Audit & Change Logs
- Create Savings Directly From Sourcing Activities
- Integrates with eSourcing, Contract & Supplier Management
Manage Your Organisations Cost Savings With oboloo's Procurement Savings Tracking Software
oboloo Savings Management is a cloud-based procurement management software that enables organisations to plan and manage procurement savings and cost reduction & avoidance projects. Create cost-saving projects and savings targets against your sourcing activities, contracts and suppliers. Split savings projects into easy to manage milestones to measure your procurement savings performance. Get real-time visibility of all your negotiated savings throughout multiple departments with approval workflows and user-friendly dashboards.
30-Day Free Trial. No Credit Card Needed.
"Effective management of third party spend can on average release savings
of between 7-12% and can have a direct impact on
the bottom line" - PWC
Manage Your Organisations Cost Savings With oboloo's Procurement Savings Tracking Software
oboloo Savings Management is a cloud-based procurement management software that enables organisations to plan and manage procurement savings and cost reduction & avoidance projects.
30-Day Free Trial. No Credit Card Needed.
Automatically Calculate And Track Your Procurement Savings
Tracking and achieving savings targets can become difficult when several savings projects are running simultaneously. oboloo Savings Management software streamlines the planning, executing and tracking of all your cost-saving projects. Collaborate in real-time with team members and stakeholders as you build, track, and manage your savings pipeline.
Turn projected savings into realised savings
User-friendly savings process lets users create pipeline savings and turn them into realised savings across the project’s lifetime
Itemised milestones
Split your savings projects into multiple milestones that allow you to keep track of your savings on a granular level and realise itemised realised savings when they're completed
Link savings to your sourcing activities, contracts & suppliers
Track where savings are originating from whether it be a cost avoidance from a sourcing activity or a cost reduction from on-going supplier management
Automatically Calculate And Track Your Procurement Savings
Tracking and achieving savings targets can become difficult when several savings projects are running simultaneously. oboloo Savings Management software streamlines the planning, executing and tracking of all your cost-saving projects. Collaborate in real-time with team members and stakeholders as you build, track, and manage your savings pipeline.
Turn projected savings into realised savings
User-friendly savings process lets users create pipeline savings and turn them into realised savings across the project’s lifetime
Itemised milestones
Split your savings projects into multiple milestones that allow you to keep track of your savings on a granular level and realise itemised realised savings when they're completed
Link savings to your sourcing activities, contracts & suppliers
Track where savings are originating from whether it be a cost avoidance from a sourcing activity or a cost reduction from on-going supplier management
Gain Full Visibility And Control With All Your Procurement Savings In One Place
Create new savings projects based on real negotiations from your sourcing activities, contracts and suppliers. Track procurement savings against your projects baseline spend, then create milestones and turn pipeline savings opportunities into realised cost savings.
User-friendly dashboard
User-friendly dashboards of all your company’s savings by project, milestone, department and category
Clear & transparent tracking
Track your savings by the year, status or user. View all of your past, present and pipeline savings records
Historic audit trail
See when a saving has been completed, how much it was worth and what user signed it off with historic records and a change log on each saving
Gain Full Visibility And Control With All Your Procurement Savings In One Place
Create new savings projects based on real negotiations from your sourcing activities, contracts and suppliers. Track procurement savings against your projects baseline spend, then create milestones and turn pipeline savings opportunities into realised cost savings.
User-friendly dashboard
User-friendly dashboards of all your company’s savings by project, milestone, department and category
Clear & transparent tracking
Track your savings by the year, status or user. View all of your past, present and pipeline savings records
Historic audit trail
See when a saving has been completed, how much it was worth and what user signed it off with historic records and a change log on each saving
And Unlimited Currencies
oboloo Savings Management Features
oboloo Savings Management software includes user-friendly procurement savings tracking and forecasting dashboards that enable you and stakeholders to track and compare pipeline and realised savings. Create savings projects from scratch or from already negotiated opportunities within the oboloo procurement platform with automated notifications and approvals.
oboloo Savings Management Features
oboloo Savings Management software includes user-friendly procurement savings tracking and forecasting dashboards that enable you and stakeholders to track and compare pipeline and realised savings. Create savings projects from scratch or from already negotiated opportunities within the oboloo procurement platform with automated notifications and approvals.
Benefits Of oboloo Savings Management
Benefits Of oboloo Savings Management
A procurement Savings platform will allow you to run an track and measure savings.
The huge upside to using a digital solution is that it makes it standardised for your team and yourself when evaluating analysing. It also means that you do not need to worry about losing emails or documents associated to them as they are all stored in the system.
There are usually a bunch of procurement campaigns going on at once in procurement teams. Spreadsheets aren’t enough to keep track of all those costs in big organisations.
A procurement savings tracking software helps streamline the entire process, making it easier for your organisation to track all cost-saving strategies in one place.
Utilise savings reporting to track and share actual savings results as you complete your initiatives. Forecast future savings based on today’s efforts.
A poorly managed process is difficult to improve. Procurement savings tracking software is absolutely necessary if you’re going to be able to realise cost savings.
If you don’t know where the leaks are, how can you manage risk and plug them? By using procurement savings tracking software, it is easy to chart trends and identify gaps, as well as identify, analyse, and rectify cost savings problems.
You can track procurement savings in real time with procurement software. Without a Procurement Savings Software, anyone who wants a clear picture of how much savings the procurement department has been able to achieve, it is usually necessary to wait until finance department reports were published.
Data can be shared and reviewed with stakeholders easily through procurement software. It’s easy to hold meetings anywhere to show the savings you negotiated and overall savings you achieved. The procurement team can show off the results and metrics they got by setting milestones. That way, the organisation can make better decisions on purchase.
Want To Find Out More About oboloo Savings Management?
Want To Find Out More About oboloo Savings Management?
oboloo Savings Management FAQ's
oboloo Savings Management FAQ's
There is no limit. No matter what subscription plan you are on you can create and store unlimited savings within oboloo
Yes. oboloo Savings Management integrates to oboloo’ sourcing, contract and supplier modules meaning you can create linked records instantly
Yes. Once a member of your team has created a savings project they can request approval from a Manager
Yes. Once a savings project has been completed, the creator of that savings project can send a request to a Manager to validate and sign it off
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