Closed loop spend management
Unlock growth with twice the savings, half the costs and four times more volume
These are challenging times. The COVID-19 pandemic is forcing companies to keep a tight check on their costs, while maintaining profitability and achieving growth.
Closed-Loop Spend Management (CLSM) can boost your company’s operational resilience, cost elasticity and value maximization. It does this through an intelligent operating model, flexible or variable operating costs and a living architecture implementation.
CLSM adopts an innovative spend transformation approach powered by Accenture’s Zero-based mindset or ZBx approach to enhance profitability, business efficiency and growth.
CLSM ingrains new ways of working for an agile and resilient organization through:
CLSM helps you generate 4X more value than an average industry player through better cost management, digital accelerators and responsible sourcing capabilities.
It injects agility and resilience into your business operations by optimizing overhead costs and transforming the supply chain and procurement processes.
Here’s how CLSM enables enterprises to unlock value and fuel transformation and growth in their business operations:
Extract maximum value from through differentiated and new value levers including digital.
New ways of working
Become agile and resilient enterprises through automation, digital accelerators, living architecture, variable cost structures and talent of the future.
Enable trust and transparency in the value chain, reduce greenhouse gas emissions and eliminate wasted capacities by leveraging circular sourcing opportunities.
Be it optimizing selling, general and administrative expenses (SG&A) expenses or third-party spends, here’s how you can harness CLSM in six easy steps:
Ultimately, adopting responsible spend management can help companies generate 4X more value and maximize gains.
Here’s how we have supported several clients to help them transform into resilient enterprises through spend management and sustainability.
Accenture saved 24 percent on non-working marketing spend for a global pharma by optimizing marketing assets and offering low-cost alternatives for.
Accenture helped a global energy company harness the employee analytics platform, Employee Genome, to redesign talent with 21 new skills and seven.
Accenture enabled a leading apparel company to maximize pre- and post-consumer waste streams and identify opportunities to generate an annual revenue.