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Your SAGE!
SAGE has been designed for you to customize a
variety of fields for your own use. |
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cost management
SAGE is unparalleled in its ability to provide a wide variety of cost management reports for a particular
organization. Once your organization's meeting planners have been utilizing and populating SAGE, you
will be able to quickly and easily access reports regarding meeting costs via department, client, event, supplier, or whatever parameters you define.
The cost management functionality is particularly useful in the case of dealing with suppliers.
Oftentimes organizations do not realize that many departments are utilizing the same supplier on an
individual basis or are using different suppliers for the same service and can in fact leverage their
consolidated buying power to negotiate better pricing. SAGE provides these types of reports quickly
and easily, positioning your organization to better manage costs and determine economies of scale.
When a company implements SAGE as their consolidation ware, they are not only able to view the
buying power that their company has, but they are also able to track the buying power of all their
subsidiary companies or associations. For example, a national association could work with individual
state-level associations to utilize their entire buying power of the organization and its affiliates.
In fact, for a particular event, the user can enter in a budgeted amount, identify suppliers to use for the
event, and the program history will show what was spent on items for a specific program. The supplier
history shows which supplier was used for which programs and how much was spent per program.
Additionally, you are able to indicate if the line item was something the company paid for or if it was
covered by a sponsor, etc. The cost management section is also a way to properly manage budgeted
costs versus actual expenditures.
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