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| Some software companies offer technology platforms that can satisfy a wide range of sourcing/procurement needs; others apply spend-management software to a range of specific services. |
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CFO Staff,
CFO IT
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| Spend Management: Services |
Cadence Network Founded 1997, privately held
Product:
CadenceEnterpriseT
Focus: Cadence allows businesses (banking, restaurant, retail, and grocery industries, as well as government ) to monitor and manage electric, gas, water, sewer, trash, lease, and telecommunications expenses. Solutions are customized for companies with many sites, departments, and vendors across locations and include information management, auditing of invoices, negotiating optimal regulated electric rates, managing electricity and gas procurement in deregulated markets, auditing landlord leases, and more.
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Elance
Founded 1998, privately held
Product:
Elance Enterprise
Focus:
Helps large companies buy and manage services such as marketing, print, labor, consulting, outsourcing, maintenance, and facilities management. Improved visibility and control delivers 8-17 percent hard cost savings; better supplier performance; and increased compliance to rates, policies, processes, and regulations. Modular system automates end-to-end business processes, including contract management, E-procurement, engagement management, services receiving, and invoice generation.
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Fieldglass
Founded 1999, privately held
Product: InSite
Focus:
InSite is a vendor-neutral, Web-based application suite that helps large companies manage the complexities of global services procurement (such as contingent labor) as well as deliverables-based projects and more-complex combinations of services and products. The company provides software and consulting services to businesses in a variety of industries, including insurance, telecommunications, pharmaceuticals, environmental services, and manufacturing.
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IQNavigator
Founded 1999, privately held
Product:
IQNavigator 6.5
Focus:
Provides end-to-end support for services procurement, including the ability to source, procure, manage, deliver, pay, and analyze services spending (such as outsourced projects, field services, facilities management, and contingent labor) through one platform, globally. Sourcing, delivery, and payment cycle times are reduced, and spend can be analyzed through standard and tailored business reporting capabilities. |
OnVantage
Founded 1997, privately held
Product: OnVantage Spend Management Suite
Focus:
Concentrating on meetings and events, components include Data Consolidation and Spend Analytics, Electronic Procurement Tools and Sourcing Management, Air Estimator, Policy Compliance, Attendee Management, and more. |
Return to the article "Where Does the Money Go?"
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