What is AltiosForce trying to address?
Organizations spend tens of trillions of dollars a year globally on services. Yet, the procurement practitioners think that the spend visibility is low and technology tools are not as robust.
High usage of External Workforce
The rise in external workforce and the rise in SOW project spend has resulted in companies operating with lower ratio of FTEs and higher ratio of external workforce doing a lot more Statement of work (SOW) based projects.
Operational Concerns
Companies do not have visibility into that SOW spend which significantly hampers
- Operational efficiency
- Financial health and
- Strategic agility
Decision Making Challenges
For the executive, it presents challenges in decision-making, forecasting, and risk management, which can erode stakeholder trust and diminish their ability to steer the organization effectively in a rapidly changing business environment.
Inadequate Spend Visibility
This lack of visibility can lead to
- Unchecked costs
- Reduced profitability
- Potential regulatory non-Compliance, and
- Weakened vendor relationships
End to End SOW Services Spend Tracking
WORK ORDER MANAGEMENT
- Work Breakdown Structure
- Change Order Management
- Milestone Tracking
BUDGET MANAGEMENT
- Rate Config
- Expense Management
- Insights & Alerts
RESOURCE MANAGEMENT
- Resource Categorization & Oversight
- Timesheets Management
- Skill Mapping for SOW
INVOICE MANAGEMENT
- Generate Invoice based on Timesheet
- Integration with AP Systems
PAYMENT MANAGEMENT
- Payments against Invoices
- ACH payments
SPEND ANALYTICS
- Spend Dashboards
- Gen AI driven reporting
STATEMENT OF WORK (SOW) SPEND ANALYTICS
How AltiosForce is Unique?
- Integration of SOW and Resource centric data from disparate systems.
- Analysis of SOW spend data across the Total Workforce.
- Actionable intelligence and insights for effective decision making.
- Generative AI based Reporting of Spend Data.
- Flexible and dynamic Rate Configuration.
Have a look at our
Client Opinions & Reviews
The integration of SOW and resource-centric data from various systems has been a game-changer for our organization. It has given us unparalleled visibility into our total workforce spend, enabling us to optimize resource allocation and make data-driven decisions. The actionable insights provided by generative AI-based reporting have empowered us to drive efficiency and innovation across the board. This solution has truly elevated our strategic approach to workforce management.
Pratapa Koppula
Founder & CEOThe integration of SOW and resource-centric data has revolutionized our procurement strategy. We now possess a comprehensive view of workforce costs and performance, allowing us to make strategic decisions with confidence. The flexible rate configuration ensures we stay competitive and compliant, driving cost-efficiency and successful SOW contract management.
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