How much time, money, and attention do you spend chasing and recovering the last month’s price discrepancies? It doesn’t have to be this way. With ArrowStream you can audit 100% of your contracted spend, and take a preemptive approach to eliminating price discrepancies by automating the examination of contract price updates and streamlining communication between you and your supplier.
Confirm you paid the right price
Up to 2% of contract spend is incorrectly invoiced. The ArrowStream platform protects your profit margins by automatically reviewing all invoice details to confirm you're billed the contracted price.
Proactively manage supplier agreements
Clear metrics and proactive alerts on expiring contracts improve awareness of contract information and help you to plan future price negotiations.
Work with suppliers to update your contract prices
Improve communications and reduce your costs by assigning pricing updates to suppliers. ArrowStream’s advanced price update workflow ensures both parties are in alignment and have signed off on any pricing changes.
Spend less time auditing invoices
Reliance on spreadsheets and other potentially error-prone methods of storing pricing information eats up time and makes it difficult to quickly identify savings opportunities. ArrowStream saves you time by automatically categorizing your spend, allowing you more time to take action and less time cleaning up data.
Easily view items that have been billed at the wrong price.
Clearly identify items where your system and distributor have different prices.
Get a clear view of contracts that are expiring, broken down by the buyer and days to expiration.
Proactive alerts help you know where to focus your attention.