Life Sciences Summary:

The 2022 Business Spend Management Benchmark Report


11 Community-Powered KPIs for Best-in-Class Performance Across Procurement, Risk, Invoicing, Expenses, and Payments

Download the eBook

Read the 2022 Life Sciences Business Spend Management (BSM) Benchmark Report with 11 powerful KPIs to help you spend smarter, based on actual spend transactions and processing activity of US$3.3T of cumulative global business spend. You’ll learn why life sciences companies like Evotec, Grupo Bios, Abcellera Biologics, Bridge Bio, Zymergen, and others are concentrated on optimizing four key areas:

  1. Process Efficiency -- How efficient are your transactional BSM processes?
  2. Digitization -- How successful have you been in digitizing your BSM processes?
  3. Risk Management -- How effectively are you driving compliance and mitigating third-party risk?
  4. Spend Optimization -- How are you optimizing your spending to get the best rates and savings opportunities?

Trusted Worldwide

How It Works

PROCUREMENT

Drive employee adoption and cost savings.
READ MORE >

INVOICING

Eliminate paper, increase efficiency and ensure compliance.
READ MORE >

EXPENSES

Visibility and compliance through automation. Employees love using it!
READ MORE >