There are times when any Procurement Manager might feel in need of a refreshing walk in the woods.
A payment solution for Procurement Managers
On the one hand, your job requires you to accurately monitor the due diligence compliance and Service Level Agreement performance of your company’s suppliers, while ensuring that purchases are paid on time and for the best rate.
On the other, you might be stressed by working with a payment provider that causes you hassles, especially when it comes to managing ad hoc expenses using processes that make it hard to analyse where costs should be allocated.
Meanwhile, it’s also your job to monitor corporate purchasing spend, realising cost savings where you can, while making sure employees adhere to your company’s purchasing policies when they’re given responsibility over their own spending.
Sometimes you can feel lost in the woods, unable to see the forest for the trees.
But before you reach for your hiking boots, let’s break things down.
The path to successful supplier management
On your journey to reduce costs and hit deadlines, you’re likely to find a few pitfalls.
Take supplier management, for example. It’s an ever-evolving topic, with new regulations continuing to add to the workload.
With the right insights, you’ll be in the best position to see if suppliers are fulfilling their performance agreements while also priming yourself to leverage early payment discounts where possible.
But to get these insights, you need the data – and good quality data at that.
Visibility remains a big point of contention for procurement professionals.
In an ideal world, all payments would be made through the appropriate channels and platforms.
The data from these should then be collected for reporting, providing you these insights into who your suppliers are and how much you are spending with them.
But this is not always the case due to a lack of a truly centralised payment solution, which leaves spending scattered and data lacking.
That’s not to mention ad hoc and maverick spending that occur when processes outlined in your payment policy are overlooked.
So, your payment solution also needs to be flexible to meet the needs of one-off payments while adhering to your standard processes to ensure you have a full overview of spend.
No easy task, but AirPlus lets you take a breath
For a breath of fresh air, think of AirPlus.
Payments executed via AirPlus feature the best billing data quality available anywhere in the business, giving you full transparency over every transaction.
You can use this to make smarter decisions based on rich insights from payment data such as when payments are made to each supplier, how often, the cost of payments and much more.
On the expense management side, you gain access to detailed transaction data for every employee purchase.
Your purchasing policy can be integrated into your company’s spend management platform, enabling you to control compliance with policy – and giving you an overview of all corporate spending whether it’s strategic spending or ad hoc employee expenses.
And because AirPlus payment solutions can be fully integrated into your corporate systems, you’re able to reduce your stress levels by centralising payments – even for ad hoc items – which makes your life a lot easier.
More than thirty years of trust and professionalism
Given all these advantages, it’s no surprise that AirPlus remains a popular choice. Not just for Procurement Specialists, but the corporate payment market in general.
All of which means you have more time to focus on what matters to you – whether that’s a refreshing walk in the woods, by yourself, with your dog or with the family.
To find out more about how AirPlus can simplify payments, save money and give you more control over corporate spending of all kinds, visit the AirPlus website.
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