Integrated system for calculating savings at several stages of procurement cycle by auto-fetching spend data into savings tracker system

摘要

An integrated system is described for calculating savings at several stages of the procurement cycle by auto-fetching spend data into a savings tracker system. The system comprises: a processor unit; and a computer readable medium storing instructions executable by the processor unit comprising: an integrated spend data input system adapted for auto-fetching of spend data from the respective systems; a savings computing system adapted for computing savings at several stages of the procurement cycle by comparing the auto-fetched baseline spend and spend at each stage of the procurement cycle by general formula: (auto-fetched baseline spend)−(spend at the specific stage of the procurement cycle)=(savings at the respective stage of the procurement cycle); and a display system adapted for displaying the savings at the respective stages of the procurement cycle.