Professional Services: Spend Analysis
Spend analysis is at the core of all strategic sourcing. Accurate and timely spend analysis gives you the visibility you need to reduce procurement costs, track policy compliance, and operate with maximum efficiency.
The Power of Spend Visibility
Utilizing our PerfectAnalyze procurement software, our Professional Services team will help you collect, cleanse, classify, and analyze your spend data with excellent accuracy and real-time visibility. The raw data will be derived from accounts payable, PO management, and vendor feeds – among other sources.
The analysis will provide you with complete spend visibility so you can effectively identify and act upon spend patterns, and uncover hidden savings and efficiencies. Our procurement experts will partner with you to:
- Analyze spend data based on highest-yield categories, historical trends, cost indicators, and available benchmarks
- Evaluate supplier performance by category and amount of spend
- Examine contract compliance at a line-item level
- Compare spending between in-house purchasing departments
- Identify maverick spending
The resulting spend intelligence will form the baseline for future analysis, forecasting, and decision-making. Not only will you uncover hidden savings, you’ll realize even greater value by leveraging those savings in other key organizational initiatives.
Professional Services: Strategic Sourcing
Content Services: Content Management
Professional Services: Procurement Transformation
Supplier Services: Supplier Onboarding
Catalog Services: Leveraged Catalog