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
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:
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.