In the service sector expenditure on goods and services can still comprise a significant amount of expenditure. In-direct spend in particular is often less well controlled. Furthermore, in todays environment of increased sub-contracting of services, there are ever larger elements of cost requiring effective management through the purchasing and payables process. More than ever, the ability to manage expenditure will differentiate the competitiveness of service organisations.
Marketplace trends in outsourcing elements of the procurement and payments function create further needs to ensure service levels are being complied with.
Our staff have extensive experience of working with multinational banks, insurance and media organisations in order to recover cash, enable major sourcing opportunities and enhance internal control over the purchase to pay process.