What are Budget Savings?

Budget savings are referred to if the company has paid out less than originally projected in the budget. Most of the time, these effects involve savings that affect results (see also Cost Reduction).

Plan, forecast and measure the impact of savings initiatives

Impact Tracker 2021

Impact Tracker is a full featured suite for planning, steering, controlling and administering of sourcing initiatives. You can use this software to plan and create sourcing initiatives, define savings targets, assign responsible staff members or teams to initiatives, determine sourcing levers, set activities and milestones, as well as monitor and analyze them easily by using innovative visualizations and dashboards.

Request a Impact Tracker Demo more about Impact Tracker

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Orpheus Glossary

Here you will find important terms related to spend management explained in a clear way. Small knowledge base for quick information or in full for your further education. This controlling glossary is constantly being expanded and improved.

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