Spend Analytics Dashboard is an interactive dashboard that provides knowledge into an organization’s procurement activities and expenditures. It allows the organization to identify areas for cost reduction and process improvement. Additionally Spend Analytics Dashboard helps in the process of analyzing … Read More
Spend Analytics Solution
What is Spend Management? Why and How it is Implemented?
What is Spend Management? Spend management means managing organization expenditure through processes starting Demand Identification and Spend Analysis to Sourcing and Order Management, for both direct and indirect spend categories. A robust Spend Management includes the use of best in … Read More
What is Spend Analytics? Why and how it is implemented?
What is Spend Analytics? Spend Analytics is the discipline of collecting, processing, and analyzing procurement data. Spend analysis uncovers business buying patterns through an in-depth review of procurement data. Organizations use these to manage their suppliers, to track procurement performance, … Read More
The 4C approach that can improve your spend analysis
Organizations need to have a full view of its functions in order to transform for the better. Procurement requires the control and hold of the total spend done by the different departments. Since the organization has multiple ERPs for different … Read More
How spend analysis services can improve procurement
The company’s procurement strategy must contain spend analysis. A robust and strong spend analysis is vital for the successful procurement in the organization. A matter of concern here is that whether the company gains maximum benefits as a result of … Read More
Challenges organizations have to face while implementing Spend Analytics
Spend analytics should be a crucial part of any procurement strategy but implementing spend analytics in the strategy is not easy. It calls for a great deal of effort to make spend analytics a part of the organization. The economic … Read More
What are the benefits of Spend Analytics for a company.
Spend Analytics is the analysis of the amount that the company spends for the management of the products and services. There are many companies that are spending a decent amount of money only to assure that they will provide their … Read More
What is the importance of Spend Analysis
Spend analytics can deliver big benefits to any corporate organization. Spend analytics can help in gaining visibility to the spend data. It can help to dive deep and track the metrics of procurement performance to provide some actionable insights that … Read More
Why is Spend Analytics important?
Spend Analytics California State University has created a program on Spend Analytics and implemented it, presenting a clear sight to campuses and Chancellor’s Office to bring more savings. The California State University (CSU) previously identified billions of spend in 2011 … Read More
What is Spend Analysis?
Getting Started with Spend Analysis Comprehensive Guide by Simfoni’s Procurement Professionals READ NOW -> GUIDE What is Spend Analysis? Spend analysis is the process of reviewing current and historic corporate spending with the goal of identifying cost reduction opportunities, improving strategic … Read More
