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).
InitiativeTracker 2020
InitiativeTracker 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.
Online Demo
Orpheus Blog
Read blog articles about spend management, initiative management and data management in procurement, or other articles from our experts.
