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.

Why oboloo Savings Management?

Why oboloo Savings Management?

No More Spreadsheets. Standardise Your Savings Process

Track procurement savings digitally and remove the risk of human error when your whole team is working on the same spreadsheet

Complete Savings Transparency With User-Friendly Dashboards

Get a visual overview of your organisations savings making it easy to track procurement savings in real time

Peace Of Mind With Savings Approvals And Validation Workflows

Convert projected numbers into realised savings, approved and validated by the correct person in your organisation

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

oboloo savings milestones
Try oboloo's
Savings Software Free For 30 Days

No credit card required. No contracts to cancel. No set up fees. No hidden costs. No downloads

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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

oboloo savings milestones

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 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

Savings Management Resources

Knowledge hub - Savings

Do You Measure Procurement Savings?

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

Knowledge hub - Savings

How To Track Procurement Savings

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

How To Track Procurement Savings
Knowledge hub - Savings

How To Calculate Procurement Savings

How To Calculate Procurement Savings No matter what industry a business is in, it requires specific items to operate. Materials, equipment, and primary products are

Savings Management Resources

Knowledge hub - Savings

Do You Measure Procurement Savings?

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

Knowledge hub - Savings

How To Track Procurement Savings

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

How To Track Procurement Savings
Knowledge hub - Savings

How To Calculate Procurement Savings

How To Calculate Procurement Savings No matter what industry a business is in, it requires specific items to operate. Materials, equipment, and primary products are

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