Take control of maverick spend with transparent purchasing across your organisation
The benefits of using a best-of-breed system to manage procurement from purchase to payment means you can seize control across all your company spend and ensure spend compliance. Enjoy real-time visibility, an effective approval process and a full audit trail of all spend activities for maximum governance with our innovative web3 eProcurement solutions.
Spend Compliance Solutions
Tackling maverick spend
Enterprise-wide compliance
Slick purchasing controls, mandatory approvals and market-leading reporting
Maverick buying can be a huge governance problem for any organisation. It can result in internal budget overspend, poor spend reporting and exposure to risk. Without an effective purchasing management system in place, organisations can be facing significant issues and delays when making supplier payments, fulfilling regulatory obligations and minimising fraud.
With our innovative web3 software, you can ensure spend compliance through a closely managed supply chain, automated purchasing processes and powerful reporting tools.
The right products, bought by the right employees from the right suppliers at the right price
We can help ensure your suppliers are tied into competitive contracts, with their products available via intuitive electronic catalogues. For your employees it means they can quickly raise requisitions from approved sources, at agreed price points, in just a few clicks. Orders will then be sent to agreed budget stakeholders for approval, with accounts payable given complete visibility of all spend commitments made. Mandatory matching of purchase orders raised against invoices received, together with a necessary confirmation of satisfactory goods delivery, means all spend will be seamlessly accounted back to authorised signatories and internal budget holders.
Reporting with added whistles and bells
Using latest Microsoft Power BI capabilities, we can also bring all your spend data to life, with interactive dynamic dashboard generation, and easy sharing with your stakeholders.
Product Paper
web3 eInvoicingEliminate paper invoices and achieve 100% electronic invoicing with web3 eInvoicing. Automate your Accounts Payable process and see how you can save time, minimise risk and cut processing costs by up to 80%.
Find out more by downloading our product guide now.
Success Story
web3 enhances clinical compliance for the NHSAs one of the UK’s most successful NHS Consortia, County Durham & Darlington NHS Foundation Trust and NHS Tees Trust (CDDFT) uses web3 Source to Pay to gain complete control and compliance over £350 million of annual spend, saving millions of pounds whilst improving spend visibility and benchmarking opportunities.
Trusted for Spend Compliance
Just some of the brands we’ve worked with to help address their spend compliance.
Next Steps…
