Purchase-to-pay (P2P) software house, Compleat Software, has today launched a new carbon tracking tool to help businesses reduce their carbon emissions.

The carbon tracking tool provides detailed information on the environmental impact of each supplier so that businesses can select preferred suppliers based on carbon as well as financial cost.

Large and public listed companies must report on their carbon emissions every year, while up to 90% of a general company’s environmental impact lies in its value and supply chain.

By using a carbon tracking tool, businesses can create Streamlined Energy & Carbon Reporting (SECR) & Net Zero reports to simplify the legislation process and increase organisational compliance.

Compleat’s carbon tracker adds to its Advanced Spend Analytics (ASA) tool which shows businesses how to save money just by analysing purchase orders, invoice data, spend categories, and suppliers to discover spend savings.

Speaking on the news, Neil Robertson, CEO at Compleat Software, said: “For a modern business, saving money on spend is vitally important, but reducing carbon emissions is also becoming a legal requirement. However, many businesses don’t know where to start, and actually finding out where your inherited carbon comes from and making a plan on how and where to reduce that carbon is a whole different ball game.

“At Compleat, simplifying the way every business buys & pays for products and services is at the core of what we do. Carbon tracking was the natural next step for us, making it simple and easy for users to meet their sustainability goals.” Robertson concludes.