Savings Manager

The Savings Manager, developed by Provalido, is a procurement management tool designed to streamline cost reduction programs and track savings initiatives. According to the vendor, this solution caters to small to large-sized companies across various industries, including procurement professionals, supply chain managers, finance professionals, operations managers, and manufacturing companies.

Key Features

Savings Pipeline: According to the vendor, the Savings Manager allows users to capture and log procurement savings initiatives, forecast saving potential, and track savings opportunities from regular procurement activities.

Project Plans: Users can create detailed project plans with key procurement activities and timescales, apply savings methodologies, and maintain project version history, as claimed by the vendor.

Approval and Workflow: The Savings Manager offers the ability to set up approval and workflow processes to validate and realize savings, ensuring credibility and alignment with organizational operations, according to the vendor.

Measure, Track & Report: Users can monitor procurement performance, track key performance indicators (KPIs), access live reports, configure personalized views, and export data for presentations and business intelligence (BI) integration, as stated by the vendor.

Procurement Savings Project Creation: The vendor claims that users can quickly create savings projects, support multiple project types, and expand savings ideas with optional project details and cost allocation.

Savings Project Execution: The Savings Manager allows users to plan and execute procurement savings projects with ease, including task assignment, approvals, reminders, and maintaining project version history, according to the vendor.

Savings Reports and Dashboards: Users can generate standard and custom cost reduction reports, build personalized dashboards, export reports, and switch graphing types, as claimed by the vendor.

Configuration and Customization: According to the vendor, users can personalize the savings platform with logos, corporate colors, custom project fields, and statuses, and upload category and organization hierarchies.

Data Import, Export, and Integrations: The Savings Manager offers the ability to import and export data, load initial data if required, integrate with existing BI systems, and provides custom data API development, according to the vendor.

Security and Privacy: The Savings Manager is a cloud-based SaaS solution hosted on AWS private cloud, offering a secure sign-on process, user and access management, GDPR compliance, and annual security testing to ensure data protection, as stated by the vendor.