What are the benefits of Spend Analytics for a company.

Spend Analytics is the study of the amount of money a company spends on products and services. Many companies spend a decent amount of money to ensure they provide their customers with the best possible product or service. However, the...

October 28, 2018

Spend Analytics

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...

September 29, 2018

Spend Analysis Spend Analytics

ROI, Today: Making the Near-Term Business Case for Spend Analytics

Most varieties of procurement software deliver some form of return on investment. Whether it’s an e-procurement system that consolidates process costs or a sourcing tool that optimizes supplier selection, successful vendors can always point to clear ways their solutions deliver...

September 29, 2018

Procurement Analytics

What is Procurement Analytics? Why and how it is implemented?

What is Procurement Analytics? Procurement analytics is the process of using quantitative methods to derive actionable insights and outcomes from data. It involves the capture and use of data to support fact-based decision making and gaining competitive advantage. It reports...

July 23, 2018

Spend Analytics

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...

July 22, 2018

Savings Management

Savings Management: Methods to Save More

Savings Management in procurement refers to activities related to forecasting procurement savings based on strategic sourcing plans, mapping savings to the budget, and tracking savings realization. Before you begin generating funds, you should get familiarized with several theories that comprise...

July 22, 2018

Spend Analytics

Spend Analytics’ in action and its benefits.

Spend analytics are basically focused on the improvements that are required to be made in the operational sector. Analytics is mainly the systematic data or the information that is received from that data. The hidden working that causes the big...

March 1, 2018

Savings Management

Savings management in a firm. How a savings software helps in it?

Savings management in terms of finances is termed as the forecasting or estimation of the savings on the basis of plans carried out under every activity. Every firm keeps aside a definite amount of transaction or returns which are called...

February 28, 2018

News and Events

Event – Best Practice in Analytics Roadshow – Sponsored by Simfoni

The event will include in-depth case study and sharing of best practice. It is for senior management executives to better understand what their data means and how to use it in their decision making.

December 6, 2017

News and Events

Evolving use of Technology and Analytics in Procurement and Supply Chain.

It was a great opportunity for us to bring together a collection of interesting speakers to impart their knowledge and experience of Procurement Technology in the Middle East. On an uncharacteristically rainy February evening in Dubai, we ran the second...

February 16, 2017