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CAPABILITY


Spend Optimizer

Helps maximize revenues through more efficient spending allocation.

Overview

Reducing public spending remains a high priority for many governments, and forecasts suggest that spending will continue to fall during the next few years. Auditor-controller agencies and departments need to improve product vendor cost and compliance management, implementing policies to favor more economical vendor selections.

The Accenture Spend Optimizer application provides analytic insights into the procurement activities of typical large-scale agencies to help identify fraudulent, abusive or collusive activities that can drive up costs. The application is designed to allow auditor-controller agencies and public departments to create and deploy policy rules related to spending allocation. Users then combine these policies for different groups, reviewing the spend distribution and compliance of the selected list of product vendors.

SPECIFIC SERVICES

The Accenture Spend Optimizer application facilitates the development and management of policies through a step-by-step guide and rules creation functionality. The application empowers users to decide which policies to apply, using a “what-if” simulation capability which helps to advise regarding the most cost-effective spend allocation based on a fixed budget. Compliance monitoring can help ensure that both vendors and the departments stay within policy spending limits. The application also helps reduce the time and complexity around managing future spending based on supply and demand trends.

Key features

  • Preconfigured business rules engine for establishing product or vendor groupings before simulations

  • Scenario management for taking into account different strategies on spending policies related to department vendors

  • Algorithms for calculating differences in spending among groups to help determine optimal levels

  • Ability to create and manage different spending policies for multiple business levels

  • Comprehensive solution for helping to address the end-to-end process

Why Accenture

The scalable Accenture Insights Platform provides fast and easy access to an array of industry and functional applications that bolt onto the platform. Clients, in turn, can achieve quicker business results, including times to market.

Clients may also benefit from Accenture Analytics’ wide range of capabilities rooted in:

  • Industry. The validity of our advanced analytics outcomes is underpinned by our deep knowledge of the sector.

  • Business. Applications are designed for business users and focused on business results, helping to minimize the complexity often related to advanced analytics. Arriving at accurate outcomes does not require users to have statistical, mathematical or IT knowledge.

  • Flexibility. Applications are based on a framework that can be easily integrated into an enterprise operational environment to enable business process action.