Unlock Procurement Savings with
AI-Enhanced Spend Optimization

Drive smarter decisions and maximize ROI across your request-to-retirement operations.

Ready to Unlock More Savings With a Platform You Already Own?
Click Here to Learn More

🔍 Common Areas of Sub-Optimized Spend

Achieving optimize spend requires comprehensive visibility, accurate data, and strategic sourcing.

Here are some of the challenge areas we often see:

  1. Limited Spend Visibility
    Fragmented data across departments hinders the ability to analyze and control expenditures effectively.

  2. Inaccurate or Incomplete Data
    Poor data quality leads to misguided decisions and missed savings opportunities.

  3. Maverick Spending
    Unauthorized purchases outside established contracts result in higher costs and reduced negotiation leverage.

  4. Overlooking Indirect Spend
    Focusing solely on direct spend neglects potential savings in categories like IT, marketing, and travel.

  5. Ineffective Contract Management
    Lack of centralized contract oversight can lead to missed discounts and compliance issues.

🚀 How ODS Uses Source-to-Pay to Optimize Spend

Leveraging over 25 Years of first-hand Procurement wisdom, ODS uses ServiceNow Source-to-Pay to provide real-time, consolidated visibility to provide new insights. By enhancing spend optimization and enabling organizations to identify cost-saving opportunities they eliminate inefficiencies. With enhanced data accuracy and consistency, customers can make better strategic sourcing decisions, ultimately lowering spend and improving financial performance.

📘 Real-World Success Stories:

Before: Uncontrolled Off-Contract Spend That Eroded Savings

After: Spend Visibility Identified, Then Redirected Off-Contract Spend

Sourcing Operations

A global manufacturing firm discovered that a significant portion of its procurement spend was occurring outside of established contracts, leading to missed savings opportunities and reduced negotiation leverage. ODS deployed ServiceNow’s Source-to-Pay solution to provide comprehensive spend analytics, enabling the company to identify off-contract purchases and enforce compliance with preferred supplier agreements. This initiative resulted in substantial cost savings and improved supplier relationships.

Before: Fragmented Categories Limited Negotiation Power

After: Category Optimization Unlocked Volume Discounts

Category Consolidation

A healthcare organization faced challenges with fragmented procurement categories, which hindered their ability to negotiate favorable terms with suppliers. ODS utilized ServiceNow’s Source-to-Pay solution to analyze spend data and identify opportunities for category consolidation. By aggregating similar purchases, the organization achieved significant cost reductions through volume discounts and streamlined supplier management.

Before: Inconsistent Negotiation Practices Lead to Higher Costs

After: Standardized Processes with Best and Final Offer Sourcing Agents

A financial services company lacked a standardized approach to supplier negotiations, resulting in inconsistent pricing and terms. ODS implemented structured negotiation frameworks within ServiceNow’s Source-to-Pay solution, and was then able to create a best and final offer (BAFO) negotiation agent. This approach enhanced negotiation outcomes, leading to more competitive pricing and improved supplier agreements.

AI Driven Sourcing Agent

Before: Missed Discounts and Rebates Due to Tracking Gaps

After: Enhance Discount and Rebate Tracking for Maximum Value Capture

Structured Final BiddingAn energy sector enterprise was missing out on available discounts and rebates due to inadequate tracking mechanisms. ODS integrated automated tracking features within ServiceNow’s Source-to-Pay solution, ensuring timely identification and capture of all eligible discounts and rebates. This enhancement led to increased financial returns and strengthened supplier compliance.

📊 Key Performance Indicators (KPIs)

  • Annual Savings: Achieved 6–12% savings on newly managed spend.
  • Volume-Based Pricing: Realized 10–15% savings via consolidated purchasing.
  • Improved Terms: Secured 5–10% cost reductions through better pricing and commercial terms.
  • Incentive Capture: Increased supplier incentives captured by 10–20% through automated rebate tracking.

📞 Ready to Unlock New Spend Optimization Opportunities?

Spend Optimization KPIsUnlock the full potential of your procurement operations. Contact Outcome Driven Solutions today for a complimentary assessment and discover how we can help you achieve significant cost savings with ServiceNow Source-to-Pay.

Schedule Your Free Assessment

Still Not Sure?
Sign up for a free assessment and discover:

  • Current State Analysis: An evaluation of your existing procurement processes to identify inefficiencies and areas for improvement.
  • Opportunity Identification: Uncover potential cost savings, process improvements, and risk mitigation strategies.
  • Strategic Roadmap: Receive a high-level plan outlining steps to enhance your procurement operations using ServiceNow.

We don’t just implement ServiceNow Source-to-Pay solutions — we transform them into a powerhouse for the platform and your procurement operations. With decades of procurement ‘street smarts’, combined with the latest AI, we deliver streamlined, automated, and intelligent solutions that drive measurable outcomes.

Before diving into a comprehensive assessment, let’s start with a 30-minute call to:

  1. Understand Your Objectives
    and identify areas where you seek improvement.

  2. Align on Expectations
    to ensure that our approach aligns with your goals and organizational culture.

  3. Outline Next Steps
    to provide clarity on the assessment process and how it can deliver tangible value to your operations.