Spend analysis is a critical component of the procurement technology portfolio. It holds transaction details, supplier information, third party enrichment, and standard/custom categorization schemes that associate individual purchase details with our category-level management strategies.
All of this data is improved by going through cleansing, enrichment, and categorization processes.
As a result, spend analysis is a powerful asset for procurement and any other internal stakeholders that need a better understanding of where the organization’s resources have been invested, by whom, and for what.
Organizations must view spend analysis as an ongoing process and open the door to recommendations and best practices that procurement teams can benefit from. This whitepaper will help you get the maximum value from your spend analysis investment.
To get your copy of this free procurement whitepaper simply complete the form.