Leverage Spend Data for increased ROI from Spend Management applications

Spend data is a crucial determinant of the success or failure of Enterprise Spend Management efforts. A true realization of Enterprise Spend Management vision requires a sound foundation of Spend Data Management across the enterprise. Leveraging “Zycus Spend Data Management™” enterprises can now benefit from faster and greater ROI from their Enterprise Spend Management applications like Ariba Analysis, Ariba Buyer, SAP EBP and others. Case in point is a leading Fortune 100 ranking chemical giant that selected Zycus automated “Spend Data Management” software to integrate with its existing Ariba stack to deliver higher savings and foster increased user confidence in their applications.

Organizations over the years have deployed sophisticated Spend Management applications like Ariba Analysis, Ariba Buyer, SAP EBP and others to increase the efficiency of their Procurement and Sourcing processes. While, no one doubts the capabilities of these applications, lately the utility and ROI from these applications has come under intense scrutiny. There is an increasing realization amongst the leading enterprises that these Spend Management applications can only be as good as the Spend data fed through them. We discuss a specific case of impact of Spend data on Ariba Analysis and how Spend data Management can bolster Enterprise Spend Management.

The implementation hurdle
A successful implementation of Ariba Analysis requires enterprises to address the following issues:

• Making all spend data available
• Uniform classification of Spend data

Clean, classified Spend Data is a must to ensure your Ariba Analysis delivers satisfactorily. A lack of it has a detrimental impact on the ROI from Spend Management applications and consequently the decision making process. Based on our multiple customer interactions and analyst reports it is observed that spend data is the single most important reason for the atrophy of Spend Management applications and is a crucial determinant of success of any spend analysis initiative. Organizations in the frenzy of investing in Spend Management have often ignored to address the spend data; the foundation for successful Enterprise Spend Management...

Download full whitepaper :
Spend Management (213 KB)