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Keep spend under control with Budget Management

Budget overruns and fragmented information cause delays and risks. Without clear insight, approval processes become sluggish, and control over spending is lost. With Budget Management, you can immediately see how much budget is available from the moment a request is made. This allows you to make better-informed decisions, avoid surprises, and strengthen ownership of budgets.

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Immediate insights

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Automatic escalation

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Accountability

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Stay on top of budgets from the moment a request starts

Budget Management helps organisations keep budgets under control during the request process. You gain immediate insight into costs, the current budget status, and the remaining available funds. Is a request too large? Then an automatic escalation is sent to the appropriate budget holder or manager. This ensures requests are handled quickly and in a controlled manner, providing greater control over spend.

Benefits of Budget Management

Immediate insight into your budget with every request

As soon as a user starts a request, a visual progress bar shows how much budget is available, how much has already been spent, and what impact the request will have. This way, you avoid surprises and maintain control over your spend.

Automatic escalation in case of budget overrun

If there isn’t enough budget available, a predefined escalation route is automatically triggered, for example to the budget holder or manager. This ensures control is maintained without causing any delay in the process.

Shared ownership of budgets

Because users can immediately see their position in relation to the budget with every request, awareness and accountability naturally increase. With Budget Management, ownership of budgets truly becomes part of the organisational culture.

Sander Veenstra
"You only truly feel ownership of budgets when you have immediate insight."

- Sander Veenstra, Product Manager | ISPnext

Spend Analytics in 5 steps

Want to get a grip on your spend and realise strategic savings? In our whitepaper Spend Analytics in 5 Steps, we show you how to easily gain insight into your spending, identify savings opportunities and optimise your procurement strategy.

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Discover our solutions

Discover our Business Spend Management solutions by clicking on the diagram on the left. ISPnext instantly increases your organisation's financial impact.

AP Automation

Less administrative work to digitize, match and approve? Realize significant cost savings for invoice processing with our solution AP Automation.

Dynamic Discounting

By paying invoices faster, you can arrange attractive discounts with your suppliers. The Dynamic Discounting process helps you do this, is digital and prevents manual operations. This results in considerable savings and improves your organisation's cash flow.

Vendor Management

Thanks to a central environment in Vendor Management, you quickly have insight into your supplier database. This includes expenses, contracts, risk profiles and supplier assessment. You have complete control to maximize vendor relationships. 

Contract Management

With Contract Management, you manage the contract process from contract preparation to contract renewal or termination. Including approval and digital signing with your supplier.  

Procurement

With our solution Procurement you automate the entire purchasing process. Automatically generate an ordered recommendation and place orders with preferred suppliers in linked online shops. 

Sourcing

Managing the procurement process from procurement needs to signing the contract with our Sourcing solution. Find the best suppliers based on internal needs, project specifications and supplier details.

Spend Analytics

One view of all spending with best practice dashboards in Spend Analytics. Thanks to up-to-date data, a spend analysis allows you to identify bottlenecks in time and take action. 

Supplier360

Do you already have centralised information from all your suppliers? Supplier360's master data cloud provides a comprehensive overview of your supplier chain, compiled from multiple sources, giving you real-time data always available centrally.

BSM

Build a sustainable business with Business Spend Management. Increase your financial impact right away by managing all your organization’s expenses and processes in one platform.

Rebate Management

Want to receive your bonus agreements better, more efficiently and on time? With our solution Rebate Management you are able to manage and utilise bonus agreements more effectively.