SOW Spend Visibility

End to End Tracking of your SOW services SPEND across your Total Workforce.

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The Challenge: Organizations Lack Visibility into Critical Service Spend

Organizations spend tens of trillions of dollars a year globally on services. Yet, procurement practitioners report that spend visibility is low and technology tools are not robust enough to address this challenge.

High Usage of External Workforce

The rise in external workforce and SOW project spend has resulted in companies operating with a lower ratio of FTEs and higher ratio of external workers performing statement of work (SOW) based projects.

Operational Concerns

Companies lack visibility into SOW spend, which significantly hampers operational efficiency, financial health, and strategic agility.

Decision Making Challenges

For executives, this 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.

The Altios Solution: End to End SOW Services Spend Tracking

Our platform delivers complete visibility and management of your entire SOW services spend, empowering organizations to optimize costs, ensure compliance, and drive strategic value from service investments.

Work Breakdown Structure

Change Order Management

Milestone Tracking

Rate Configuration

Expense Management

Insights & Alerts

Resource Categorization & Oversight

Timesheets Management

Skill Mapping for SOW

Generate Invoice based on Timesheet

Integration with AP Systems

Payments against Invoices

ACH payments

Spend Dashboards

Gen AI driven reporting

Enterprise-Ready Integration: From Data Silos to Unified SOW Spend Intelligence

Altios delivers zero-friction integration with your enterprise systems, consolidating fragmented SOW spend data into actionable intelligence without disrupting existing workflows. Unlock the value of your SOW spend data with no disruption to your existing business processes.

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Whether you want to visualize the value of your tech investments or scale that value creation advantage, Altios helps you drive better business outcomes with the power of insights, actionable intelligence, and strategic recommendations.