BAZ on the enterprise data bus should be an imperative solution for all leading process oriented organizations. Use of BAZ, increases efficiencies in financial productivity, data integrity, policy-change-risk management, transaction transparency. Can integrate with any ERP and extend ERP framework to the bottom of the pyramid (thus connecting all within an organization in the spend space). All this results in cost optimization, compliance with reduced risks and better controls
"The effective use of BAZ, an integrated Spend Management Solution, along with its automated Budget Control enabled the company to have cost control on a real time basis. The solution deployed across all company locations took cost control to the transaction level. The software is used by at least 500 direct users of the company for a variety of business transactions around Spend Management. The cost focus supported by an open culture, team work and early use of an automated solution enabled a mid teens reduction in operating costs. Mandating that the system is used for all types of expenses such as direct purchase, services, employee reimbursements and travel enabled the desired level of control to affect savings and to deliver the cost reduction targets. Integrity of the budgets was ensured in a changing environment. The visibility achieved through the system and the e-alerts reduced the dependency on people for compliance." CFO
"It was vital for us as a start up health insurance venture to create awareness and consciousness across the organization on the need and importance of managing our cost judiciously and in the most prudent manner. We also wanted our people to get their productivity focus in place by eliminating time and effort spent on non-core, non-value adding administrative activities such as expense management paperwork. We want to inculcate the culture of prudent cost management to obviate the necessity of 'cost cutting' at any stage. We believe BAZ provides us the required platform for our cost management requirements. Using various modules of this application, we should be able to create a cost sensitive and efficiency focused culture in our company." Executive Director - Finance
"Expense management is a prime area of concern for most organizations. More so in the Pharma industry where-in large portion of the actual Spenders are on the 'Field'. The entire process from Budgeting through to Payables is complex . This gets further compounded by the fact that people are always on the move and most activities are dynamic , have short life-cycles and need to be executed swiftly . The workflow has to accommodate quick turn-around while maintaining the process rigour , with adequate checks and balances. BAZ solution enables us to manage the entire process from Budgeting thru to Payables , online , real-time. It enables precise tracking across the workflow chain and ensures timely deliverables. A host of aggregation is possible from the Transaction level which facilitates extensive analysis and intelligent decisions. Overall it enables us to spend smarter realizing optimal benefits." Director - Operations , IS & Projects
"BAZ has helped us to bridge one of the fundamental internal control requirement of Procure to Pay system. For an industry which inherently deals with large number of employees that too spread across the nation in as many branches, a system like BAZ is vital. We have now rolled out every module of BAZ and have activated most of the control features. When rolling out BAZ, managing the change was our key challenge hence we have kept on communicating and holding roadshows to overcome this challenge. We have observed that our TATs have improved and the size of accounts payable team has continually come down leading to significant benefits." CFO
"BAZ expense management system has helped us in tracking our expenses at granular levels (cost center, location, employee, item), providing better and qualitative data for decision making and controls. It also acts as a repository for the financial policies of the company ensuring compliance for all types of expenses with financial process workflows. We have been able to effectively execute controlled decentralization of expense payment processing." Head Finance
"BAZ application addresses the service industry needs of multi-location controls, paperless processing and tracking/adherence to turnaround times [from requisitioning to ordering to receiving to invoicing to payment] seamlessly and cost-efficiently." Deputy CFO
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