Finance PerspectivesUse real-time sourcing insights to forecast with confidence

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            [description] => Paul Melchiorre, I'm the Chief Revenue Officer here at Anaplan. Anaplan is one of the largest providers of analytics and planning software. As a company like ours was growing rapidly, spending money and making big investments was key to be able to grow. Scout allows us to help prioritize where our strength is, to leverage our strength, and give us that lens into where we're spending and investing our money, helping us reprioritize. It was really critical to have that type of a tool in the hands of the business users, so that they can really determine and help prioritize where we're making investments as we grow as a company.

Aaron Rubinstein, I work for Anadarko Petroleum. Anadarko is a upstream and midstream energy company in the oil and gas industry. I lead our process and technology team within the supply chain organization. I guess I'd answer by talking a little bit about the dynamics that we face in our industry. Oil and gas is a highly cyclical business, and that's been particularly pronounced over the past couple years, as we've seen oil prices range from over $100 a barrel to under $30 in a relatively short time span. Managing through that kind of cyclicality requires a really agile supply chain, and a key part of that agility is having flexible and efficient business processes.

For us sourcing is really front and center in how you execute in rapidly evolving market conditions, and so we were looking for a tool that gave us flexibility and adaptability, to be able to quickly execute sourcing initiatives to responds to that change in the market.

Greg Tennyson, I'm the Chief Procurement Officer at VSP Global. What I've found is, we share a similar culture to Scout, and that culture has allowed me to do things with Scout to influence and really drive business impact. Business impact to the business in the form of savings, in the form of ease of use, simplicity, adoption of the tool. Not only within my team, but as we move into more of an advisory role it will enable that same outcome for the business as well. And fundamentally it's all about business impact. [url] => https://vimeo.com/229923346 [upload_date] => 2017-08-16 18:25:52 [thumbnail_small] => https://i.vimeocdn.com/video/652675890_100x75.jpg [thumbnail_medium] => https://i.vimeocdn.com/video/652675890_200x150.jpg [thumbnail_large] => https://i.vimeocdn.com/video/652675890_640.jpg [user_id] => 55664482 [user_name] => Scout RFP [user_url] => https://vimeo.com/scoutrfp [user_portrait_small] => https://i.vimeocdn.com/portrait/15848318_30x30 [user_portrait_medium] => https://i.vimeocdn.com/portrait/15848318_75x75 [user_portrait_large] => https://i.vimeocdn.com/portrait/15848318_100x100 [user_portrait_huge] => https://i.vimeocdn.com/portrait/15848318_300x300 [duration] => 146 [width] => 1920 [height] => 1080 [tags] => SimpleXMLElement Object ( ) [embed_privacy] => anywhere ) ) SimpleXMLElement Object ( [id] => 229923346 [title] => Finance Perspectives [description] => Paul Melchiorre, I'm the Chief Revenue Officer here at Anaplan. Anaplan is one of the largest providers of analytics and planning software. As a company like ours was growing rapidly, spending money and making big investments was key to be able to grow. Scout allows us to help prioritize where our strength is, to leverage our strength, and give us that lens into where we're spending and investing our money, helping us reprioritize. It was really critical to have that type of a tool in the hands of the business users, so that they can really determine and help prioritize where we're making investments as we grow as a company.

Aaron Rubinstein, I work for Anadarko Petroleum. Anadarko is a upstream and midstream energy company in the oil and gas industry. I lead our process and technology team within the supply chain organization. I guess I'd answer by talking a little bit about the dynamics that we face in our industry. Oil and gas is a highly cyclical business, and that's been particularly pronounced over the past couple years, as we've seen oil prices range from over $100 a barrel to under $30 in a relatively short time span. Managing through that kind of cyclicality requires a really agile supply chain, and a key part of that agility is having flexible and efficient business processes.

For us sourcing is really front and center in how you execute in rapidly evolving market conditions, and so we were looking for a tool that gave us flexibility and adaptability, to be able to quickly execute sourcing initiatives to responds to that change in the market.

Greg Tennyson, I'm the Chief Procurement Officer at VSP Global. What I've found is, we share a similar culture to Scout, and that culture has allowed me to do things with Scout to influence and really drive business impact. Business impact to the business in the form of savings, in the form of ease of use, simplicity, adoption of the tool. Not only within my team, but as we move into more of an advisory role it will enable that same outcome for the business as well. And fundamentally it's all about business impact. [url] => https://vimeo.com/229923346 [upload_date] => 2017-08-16 18:25:52 [thumbnail_small] => https://i.vimeocdn.com/video/652675890_100x75.jpg [thumbnail_medium] => https://i.vimeocdn.com/video/652675890_200x150.jpg [thumbnail_large] => https://i.vimeocdn.com/video/652675890_640.jpg [user_id] => 55664482 [user_name] => Scout RFP [user_url] => https://vimeo.com/scoutrfp [user_portrait_small] => https://i.vimeocdn.com/portrait/15848318_30x30 [user_portrait_medium] => https://i.vimeocdn.com/portrait/15848318_75x75 [user_portrait_large] => https://i.vimeocdn.com/portrait/15848318_100x100 [user_portrait_huge] => https://i.vimeocdn.com/portrait/15848318_300x300 [duration] => 146 [width] => 1920 [height] => 1080 [tags] => SimpleXMLElement Object ( ) [embed_privacy] => anywhere )

Why Scout?

Transparency and knowledge are the most reliable currency.

That’s why the office of finance depends on Scout.
Imagine if you could easily bridge the gap between sourcing and finance. With a transparent real-time view into sourcing plans, activities, and analytics, finance can forecast without looking in the rear view mirror. Enhanced visibility also makes it easy to adjust any spend levers and better execute on strategy.

Using Scout, sourcing can… Integrate sourcing and budget information, such as spend analytics or contract information, more closely with financial planning and analysis processes.

And as a result, the office of finance can… Marry analytics on historical spending with directionally useful information on current and planned expenditures. 78% of Scout customers see up to 4-7% increase in spend under management.

Using Scout, sourcing can… Provide complete visibility into how projects will be funded, execution terms, and data points on expected cost streams.

And as a result, the office of finance can… Avoid financial surprises, maintain control, and create a clear FP&A roadmap. 90.2% of customers see a benefit to the company’s overall cash position.

Using Scout, sourcing can… Hit total spend financial targets and measure the overall effectiveness of sourcing efforts.

And as a result, the office of finance can… Realize better business outcomes and hit strategic financial targets. 97% of customers see 10x+ ROI within the first year of using Scout.

See how we can help your business. Schedule a demo of Scout today.

ADDITIONAL RESOURCES

Gartner Cool Vendors in Procurement and Sourcing Technology, 2017 Read announcement

Enterprises that focus on strategic sourcing can generate substantial economic value. Learn more