Profectus implemented an ongoing compliance framework that reviewed historical invoices and validated invoices pre-payment.
- Cost compliance automation
- Spend optimization
- Contract compliance across different categories of spend
After enabling low-level data from the contract and invoice, through the technology’s item level cost control, the potential for human error was removed. The introduction of a data feed (low-level data from the contract and invoice) into BI dashboards has allowed more data to become available, raising levels of visibility and improving spend management.