Has spend management changed the way functions of Government are handled?
With Spend Management, governments globally have not only saved costs but also increased operational efficiency dramatically. The savings it generates in the sourcing and procurement areas, in turn, helps the government to invest in other productive areas for improved and tangible returns. For instance, UnionBanCal Corporation, a commercial bank holding company, with Union Bank of California, sought an innovative way to help employees procure goods and services more efficiently. It designed MyStore, an eProcurement application that is available to all 8,700 employees at UBOC’s 273 locations throughout California, Washington, Oregon, Texas, New York, and the Pacific Rim. Another example is the Department of Public Instruction, Government of California. With the use of effective Spend Management practices, the department was able to shorten the processing time for purchase orders and contracts. This has not just cut down fax costs, paper and postage since most transactions are handled vi
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