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How Closed-Loop Spend Analysis Drives Procurement Transformation

Spend analysis can be defined as a strategy that uses procurement data to identify opportunities to manage costs, improve compliance and optimize procurement processes.

Many organizations execute spend analysis in one form or another as a way of ensuring their organization is competitive in terms of price, volume and other terms. For many organizations, there are largely untapped benefits to more expanded use of powerful spend analysis processes and toolsets. A more holistic and frequent analysis of spend uncovers continual savings opportunities well beyond the “low-hanging fruit” identified in an initial analysis.

Discover how your company may have the opportunity to unlock more sustainable savings opportunities with spend analysis.

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About the Author


Jim Wetekamp,

CEO, BravoSolution

Jim was appointed CEO of BravoSolution in October 2014. He is responsible for driving the company’s strategy and execution. Jim joined BravoSolution’s corporate leadership team in 2008 through the acquisition of VerticalNet. He brings over 15 years of technology and procurement industry experience. He previously served as BravoSolution’s Senior Vice President of Product Strategy focused on extending the company’s technology leadership and new market growth opportunities. Jim holds a B.S. in Accounting from Indiana University.