Speakers:

Kanishka Ghosh

Kanishka Ghosh

Director, Product Management, Zycus Inc.

Rob Walker

Rob Walker

Manager, Business Systems, Source-to-Pay Global Services, Qualcomm Inc.

Kyle Appell

Kyle Appell

Director, Protiviti

 

Overview:

Every Procurement team is measured on savings, but creating a single version of savings truth between Procurement and Finance remains elusive for most. How will savings be calculated and allocated? What constitutes actual, realized savings? How are cost reductions and cost avoidance treated? How will budgets be impacted? And perhaps most importantly, what is the process for Finance to sign-off on Procurement’s savings contributions?

This webinar will spotlight the best practice tools and techniques that tie Procurement and Finance together in the process of tracking and reporting Procurement savings, and how between them, they get the numbers to” tie out.”

The session features a case study from Qualcomm, which has deployed a best-of-breed Financial Savings Management platform to create one version of savings truth for Procurement – and Finance. The case study will highlight best practices such as:

  • Developing and establishing visibility to an enterprise-wide portfolio of savings projects
  • Enforcing stakeholder compliance to savings tracking and reporting methodologies
  • Prioritizing savings projects based on ROI potential and ease of implementation
  • Ensuring savings projects are executed and identified savings are realized
  • Becoming the “go to” for the CFO as the source of savings truth