Savings Tracker

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web3 Procurement teams have a wealth of tools and technologies at their disposal to help secure savings, yet when it comes to measuring and reporting on those savings against forecasts and targets many still rely on spreadsheets. Wax Digital web3 Savings Tracker delivers an intuitive web-based solution for capturing, measuring and reporting against procurement savings.

SAVINGS TRACKER BENEFITS AT A GLANCE

PROOF-BASED RETURNS ON INVESTMENT

Avoids any disagreement about procurement project outcomes. Achieve a programmatic approach to savings targets and achievement, shared and signed off with key stakeholders at every stage.

ESTABLISH A SINGLE SOURCE OF TRUTH

A consolidated view of every procurement project and its forecast versus actual savings, eliminates silos of information and delivers a transparent audit trail.

ANALYSE FORECAST VS ACTUAL SAVINGS

Savings Tracker reports deliver in-depth analysis of actual spend against Savings Targets and predictions. It also provides prediction on future spend and trends within different spend regions and categories.

A FLEXIBLE, BUSINESS-AWARE MODEL

Control Savings Tracker access rights with an easily configurable business model and roles matrix. It drives approvals workflows and supports granular report modelling, helping you to achieve better efficiency.

Wax Digital Feature Highllights

FEATURE
HIGHLIGHTS

A secure cloud
repository for all your
contracts with a
comprehensive
feature set

Set your targets
Build Savings Targets incorporating timeframes, trends and descriptions. Generate an enterprise-wide view of your procurement savings goals, accessed easily through an intuitive dashboard.

Flexible approvals
Savings Records and Targets are moved frictionlessly through an electronic approval process, ensuring visibility and acceptance from key business stakeholders. An audit trail captures all activity against each user with outcomes and comments for future review if necessary.

Intuitive oversight
Savings Tracker provides an instant picture of procurement-led savings by period, region and spend category. Your dashboard features a user-configurable range of widgets that also includes alerts and a management activity calendar highlighting upcoming projects.

Process management
web3 Savings Tracker provides full communications to all users through alerts, notifications and activity calendars. These are all customisable and can be collated in an email notification summary based on user preference.

Ongoing measurement
Procurement activities are recorded against approved targets to demonstrate performance over the period in the form of Savings Records, which can be grouped for reporting and evaluation purposes into Savings Strategies.

Wax Digital Feature Highllights

FEATURE HIGHLIGHTS

A secure cloud repository for all your contracts with a comprehensive feature set

Set your targets
Build Savings Targets incorporating timeframes, trends and descriptions. Generate an enterprise-wide view of your procurement savings goals, accessed easily through an intuitive dashboard.

Flexible approvals
Savings Records and Targets are moved frictionlessly through an electronic approval process, ensuring visibility and acceptance from key business stakeholders. An audit trail captures all activity against each user with outcomes and comments for future review if necessary.

Intuitive oversight
Savings Tracker provides an instant picture of procurement-led savings by period, region and spend category. Your dashboard features a user-configurable range of widgets that also includes alerts and a management activity calendar highlighting upcoming projects.

Process management
web3 Savings Tracker provides full communications to all users through alerts, notifications and activity calendars. These are all customisable and can be collated in an email notification summary based on user preference.

Ongoing measurement
Procurement activities are recorded against approved targets to demonstrate performance over the period in the form of Savings Records, which can be grouped for reporting and evaluation purposes into Savings Strategies.

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