I-Tel Group implemented a multifaceted business intelligence system to tackle the procurement inefficiencies at Real Life Options. This system includes:
Dynamic Intelligence Dashboard
Enables real-time monitoring of spending patterns and provides immediate insights into procurement activities, ensuring swift response to any procurement misalignments.
Integrated Accounts Functionality
Streamlines the procurement to payment cycle, reducing paperwork and administrative costs. Our system consolidates all services into a single, import-ready invoice that is fully mapped to accountancy codes, simplifying financial processes.
Spend Analysis Service
Delivers a detailed financial overview of company expenditure, supporting strategic decision-making with data-driven insights. This service helps in identifying cost drivers and assessing supplier relationships, optimising budgeting, and enhancing financial performance.
Enhanced Data Visualisation
Utilises custom-built business intelligence reports and dashboards, providing executives with clear visibility into spending and procurement trends, enabling effective and strategic management decisions.
The recent implementation of our advanced business intelligence solutions at Real Life Options is projected to bring about significant organisational benefits:
Compliance with preferred supplier contracts more than doubled, ensuring adherence to procurement best practices.
Enhanced cost savings through improved procurement strategies, including bulk purchases and better supplier alignment.
More efficient logistics from streamlined storage and distribution, significantly reducing delivery times and associated costs.
Increased operational resilience, enabling RLO to manage future supply chain disruptions effectively.
I-Tel Time is a bespoke service that can be tailored to your specific business needs. In order for us to advise you on this service please let us know some business details and select the services you’re interesed in from the list.