Improving cost efficiency through spend analytics

Improving cost efficiency through spend analytics

Yorick Plouvier Blog, Technology

Spend analytics is the process of collecting, cleansing, classifying and analyzing data, helping to gain visibility and transparency into spend data, tracking procurement and financial performance metrics, and to providing actionable insights.  Companies perform spend analysis for several reasons, the core business driver for most organizations being profitability. In addition to improving compliance and reducing cycle times, performing detailed spend …