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Whether it is the money spent on goods or services, a company needs a mechanism or a system, by which they are not only able to control costs, but also save money. However, most companies or manufacturers still use basic spreadsheet applications or even manual way to record spending data, limiting the breadth and sophistication of analyses that can be executed.
These tools are generally inflexible and do not a repeatable process for collecting information – as a result, spending data is often inaccurate and inconsistently recorded because of errors, duplicates and misspellings. Companies should realize that inadequate spending analysis is a corporate epidemic that costs companies millions of rupiah in missed savings.
By utilizing Track&Save® from REALTA, Finance executives and top management can gain insight into how much money is being spent on all types of products and services in the company. Companies and Manufacturers can especially benefit from Track&Save® as they are able to monitor and control:
 Transportation (gasoline, service, spare parts, overtime transportation)
Building Maintenance (materials, paints, cleaning material, etc), Services (building contractor, etc) and Landscape Maintenance.
Medical: clinic and medicine.
Equipment Maintenance: Air conditioning, PABX, projector, genset, dispenser, etc.
Canteen: food, beverage, snack, LPG, kitchen utensils and equipment.
Uniform (Clothes & Shoes): General, safety, maternity, clinic, maintenance.
Internal Service: Handle request and complaints from employees.
etc.
By understanding the purchasing behavior based on the actual and accurate data, Finance executives and top executives can analyze the data to develop cost reduction plans, monitor performance and uncover significant savings opportunities.
Benefits
• Keep your Service Level Agreement up to the standard
"SLA" is a measurement of satisfaction made between company and employees and also company and the supplier.
• To employees: Managers can make sure their SLA is fulfilled by utilizing the "Alert"system produce by Track&Save® and having all unattended requests escalated to the right person.
• To Supplier: Ensure that services provided by their vendors are according to what they promised.
Reduce maverick spend
“Maverick” spend is the process where the requestors buy items or services that are outside the preferred process or system. With a system such as Track&Save® in place, reducing maverick spending is a benefit that can dramatically impact the financial condition of a company.
Predict and determine future needs
By analyzing the data at hands, company can order supplies before a low volume threshold is crossed. When it comes to rented transportation, management can gain actual and real-time data on how many and what size of vehicles are actually needed.
Better Contract Negotiations:
With all data in your hands, executives/managers can analyze for increase or decrease in spending areas for certain products or services. Increase spending in particular may present opportunities to renegotiate existing contracts to get the best price.
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