Financial Management

The evolution of finance and procurement requires a great amount of synergy towards solving complex challenges of spend, savings identification, budget management, and cost control.

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Compliance and absolute awareness of budgets
and spend in real time keep you on track.

Determine’s Cloud Platform-based Financial Management Solution extends our robust P2P capabilities by empowering you to control your spend on both a day-to-day and long-term basis. Determine aligns budget management and cost allocation efforts with spend management.

Through complete 360° visibility over procurement budget activities and accounting data, you improve the alignment of procurement and finance with wider organizational goals. Consolidating budgets, cost centers, GL accounts and analytic code data on one comprehensive platform gives procurement and financial leaders exceptional insights and control to make more informed decisions about budget and spend management forecasting.

For claimed savings that are not dropping to the bottom line,
what do you believe are the primary causes?

36%
Budgets not enforced and “savings” are spent in other areas
29%
Realized (vs. negotiated) savings are not effectively tracked
28%
Calculated savings were not realistic/accurate
26%
Changes in needs/specifications
Source: Aberdeen Group

"Providers of advanced budgeting solutions are aware of the importance of transparent, real-time budgets and cost allocation for international businesses with complex operations, and have designed products to support and strengthen spend control in any business environment."

— Paystream Advisors, Budgeting for E-Procurement, Q1 2017

Bertrand Drouet,
Groupe Vivadour

"With this properly configured e-procurement solution, we realized an enormous amount of administrative savings. As a result, we are achieving 10 - 15% savings of the global purchase volume for each category segment."

Connect the dots: turn identified savings into realized savings.

Visibility and workflow automation are helping organizations maximize the bottom-line impact of source-to-pay through shared data that empowers financial decisions and improves collaboration between Procurement and Finance.




Determine Financial Management Process

Sébastien Louis,
Purchasing Assistant,
General Council,
Region of Ardèche

"Determine has improved our financial visibility and has enabled us to empower our services by increasing their budget management autonomy."

"49% of respondents note that procurement and accounts payable functions are not aligned."

— PayStream Advisors 2017 P2P for Indirect Spend Report

VP Global Financial Systems, Entertainment

"We’ve partnered with Determine to create an end-to-end purchasing solution that provides better visibility of our variable project costs in a dynamic marketing environment. Our solution has become our strategic application that we will continue to deploy globally."

Case Studies


Bertand Drouet
Purchasing Treasury Director
Groupe Vivadour

AON

Entertainment

Research & Resources

Closing the Budget Loop

PayStream Advisors: Budgeting for Electronic Procurement

Solving the Procurement-Finance Alignment Problem – It’s Doable!

Budget-Centric Purchasing: Eliminate Rogue Spend

Ready for maximum bottom-line impact and value generation?

Financial Management is just one of the many solutions running on the Determine integrated platform. By adding more applications, you’ll achieve exponential capabilities—all with a seamless experience.

Contact us at 1.877.806.1932 or schedule a live demo today.

Why Determine

Our Holistic Approach

Individual solution insights, big picture view; only we give you both. End-to-end source-to-pay and contract management solutions, Business Process Management engine, advanced analytics, Open API and business network combine full visibility with total control.

Our Pedigree

Our 40+ collective years of pioneering experience provide you with a heritage of innovation and unparalleled depth of capabilities. Determine is truly unique. No other firm out there today can boast the same level of collective experience in strategic sourcing, contract management and procure to pay.

Industry Recognitions

There’s a lot riding on your initiatives, and you want someone with a reputation for getting things done. Recognized by leading analyst firms including the Gartner Magic Quadrant, Forrester Wave and others, we provide you with absolute confidence of solutions that have been vetted by both industry pundits and practitioners.

Our Solutions

Unmatched scalability, configurability, agility. Our suite of source-to-pay and contract management solutions become truly your own through customized applications and seamless integration with whatever systems you’re running.

Our Technology

At the heart of our solutions is the Determine BPM Engine. From enhanced security to dynamic workflow, application integration, audit trail and more, it’s the most powerful tool for you to turn business process complexity into simple competitive advantage.

Our People

We’re a pioneering industry leader because of our people and their unprecedented knowledge base. Many as former practitioners in the field, we know source to pay and contract management best practices better than anyone because we developed them. Just ask the leading companies that turn to us.

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