Product
There are numerous solutions in the world of spend management
The difference to other management spend solutions
But how does consalio stand out from other solutions? Here is an overview of the most important differences.
Specialized in consulting services
Not all spend is the same. Analyzing consulting costs requires different content analyses than “product groups” such as pencils or software. What sounds obvious is not mapped satisfactorily in most spend management solutions. Different billing rules, hourly rates, country offices, budget caps or rates per seniority or practice group play an important role. This is one of the reasons why, in many companies, specialist departments such as legal, tax or M&A are excluded from the general procurement guidelines. However, it is precisely in these areas with high hourly rates and volumes that a monitoring tool is needed to keep an eye on costs.
consalio enables flexible adaptation to different rules.
consalio takes different hourly rates into account and offers precise cost recording.
consalio helps to monitor and adhere to budget caps and rates.
consalio supports these specialist departments with granular performance analyses & transparent cost tracking
Full transparency before the bill arrives.
All data available in the company’s own reporting systems, such as ERP, PO or Spend Management, is usually ex-post based. This means that invoices that have already been approved by the business owner or the specialist department are analyzed. Depending on when the consulting company bills, there can be large differences between the “hours worked” and the “hours billed”. The regular transmission of performance records from the service providers provides an up-to-date picture of the costs incurred.
Relevance for the business owners
Traditional spend management solutions are primarily aimed at purchasing departments in order to obtain a rough cost overview of different “product groups” or “suppliers” in the company. With its granular performance analyses, consalio is aimed at all those who work directly with consultancies, law firms and service providers and require budget control and full transparency of the services provided for active management.
“Game changer” for the narrative check
The AI-supported evaluations of the service statements and the comparison with the department-specific rules (“billing guidelines”) simplify (pro forma) invoice verification. All anomalies or deviations in the submitted proof of services are highlighted and the time required to check a pro forma invoice is reduced by up to 80%. Approval takes place directly in consalio, and questions can be clarified with the responsible contact person using the chat function.
Higher data quality without manual effort
consalio speist Daten direkt aus den Systemen der Beratungsunternehmen ein. Denn dort werden die Leistungen ohnehin auf tagesaktueller Basis erfasst. Es erfordert also keine für die Beratung aufwändige und somit fehleranfällige Doppelerfassung von Daten. Die Software erkennt die Datenstruktur des Zeiterfassungssystems und so entsteht ein einheitliches, automatisiertes Reporting für den Mandanten. Die Anbindung und Datenübermittlung übernimmt consalio.
