Cost optimization
What causes costs to increase in a company?
Our Platform provides detailed, real-time visibility into all costs across your entire business. Analyze all information, such as location, sub-brand, supplier, and more, to see where costs are trending before they get out of control. You’ll gain the results and insights to make effective spending decisions immediately or change processes to control rising costs. Also, see historical details to easily create informed budget plans for the future.
Unprofitable suppliers
With the most extensive supplier performance data in the industry, you can evaluate your supplier network to pinpoint your top performers. You use deep data to select the best suppliers, and we’ll help you update your entire network to reduce lead times and costs. Our platform also provides deep insights into easy supplier management and direct third-party partnerships that help you avoid costly middleman markups.
Asset and Lease Guarantee
Businesses with multiple locations may have thousands of asset warranties or leases. You can have all this information at your fingertips, tracking every install date and warranty period for every asset. Know when they need repairs – work orders will be automatically routed to warranty providers, so you never pay for work that should be free. Analyze which asset brands and types are causing more problems to make optimal purchasing decisions going forward.
Verification of each invoice
Until now, it was virtually impossible to verify every invoice? SYENBI will automatically do it for you, so you never pay more than you should. Our platform makes it easy to set detailed Not-To-Exceed (NTE) amounts, so work on expensive assignments can’t even begin without your review and approval.
With our mobile check-in and check-out feature, you can also track exactly how much time your vendors spend on each job—an invoice can’t be submitted until the job is marked as complete. When you submit a payment for approval, our platform automatically checks to make sure the invoice is for the pre-negotiated price and the time actually spent on the job. You become the new finance hero.
No more overpaying
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