American Express has introduced two new corporate purchasing services as part of its S2S (Source-to-Settle) product suite. Both S2S Contract Audit Recovery and S2S Catalog Pro are intended to help companies optimize performance, realize savings and increase compliance within their supply chains. Contract Audit & Recovery is an analytic service which provides best practices to help companies achieve negotiated contract savings, and recover money lost through non-compliance. Following an analysis of contracts, billing data and business processes, it allows for the development of an action plan by the audit and recovery team, who can also advise on best practices for addressing future contract situations. Catalog Pro is an online service which integrates with a company's existing procurement software to add business-to-consumer (B2C) features. The product improves the ability of employees to order from preferred suppliers and secure negotiated rates, the vendor said. CatalogPro was originally a B2C application that was acquired by American Express, which added business-to-business functionality.
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