Measuring the performance of your procurement process might seem overwhelming, but, examining procurement budgets, increased revenue or decreased costs is crucial to determine ROI. There are various KPIs in procurement - cost savings, cycle time, spend, and compliance. Measuring these will give you a true sense of how well your procurement processes are performing. This is when ROI comes into play.

With PRM360 ROI calculator, your team looks at procurement differently and starts to invest in technology and transformation. We help businesses optimize the procurement operations and maximize ROI.

We let you focus and analyze the key areas such as dealing with the complex data spread across multiple systems, lack of compliance and controls, overpay for items, and lack of process optimization. By analyzing, we deliver actionable insights that tell you:

Key Benefits

• What changes are required
• Savings Vs spending
• How much you have to invest
• How to achieve cost reduction
• Are there any areas to focus on to maximize overall ROI

We examine the numbers that include cost variances, revenue strategies, supplier management, maverick spending and even payroll. Our solutions help you develop tracking systems for cost reduction, and ROI calculation based on the metrics. Besides finding cost savings opportunities, our ROI calculator can determine key metrics such as procurement budgets, spend data and total investment to help you succeed in the long run.

Contact PRM360 today to see how our procure-to-pay solutions can help you achieve sustainable and measurable ROI for your organization.