How can you save money very quickly in the current economic environment?

April 21st, 2023

Read on to learn how, and then take action!


Today’s post is by Ronald D. Southard, CEO at SafeSourcing Inc

I was reading Spend Matters Weekly Update today and section called A note from Nikhil Gaur

Titled “Reflections from Coupa customers and executives at Coupa Inspire” piqued my interest. I don’t like to mention our competitors in my posts by name as I have done here. However, the message is important and supports companies like SafeSourcing being able to save companies money very quickly. Today we reduced the spend for a customer in a non-retail industry by 45.68% vs, budget on a project of over a million dollars that will be completed this year. That my friend is money to the bottom line. We do it almost every day.

The quote below is from Nikhil’s “Reflections” from our competitor’s event. I have hi-lited  a few items that support this post.

“Of course, the unfortunate subtext is that one byproduct of downward economic trends may influence an organization to deprioritize procurement/supply chain software that can often save money quickly (when implemented successfully). As such, the strength of individual marketing teams — especially those that belong to smaller providers — may have an even greater impact in determining a company’s success in 2023 than previously thought”. 

 You can view my comments from an earlier post titled Just what do we mean by eProcurement White Glove Services that supports why our savings average over 24% better than what companies can do on their own most of the time.

SafeSourcing is a Procure to Pay SaaS based provider of a number of e-Procurement solutions and associated white glove services that are part of our SaaS offered SafeSourceIt™ eSourcing suite. That includes our SafeSourceIt™ Global Supplier Database that includes over 557,000 vendor/suppliers.

To learn more, please contact a SafeSourcing customer services associate.



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