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Spend Analysis Blog Posts
July 6, 2022
Learn how you can improve your indirect spend program by focusing on six key best practices, including a positive and collaborative approach with suppliers.…
April 18, 2022
Spend analysis and management are the two most important factors for organizations to keep their businesses running smoothly. But what about invisible spends which can be just as damaging to the bottom line? Click to find!…
April 1, 2020
The term indirect expenditure" refers to expenses for supplies, services, and maintenance that are required to run a business. Here is the guide for the procurement teams for cost-saving. "…
March 26, 2020
What is so intriguing about maverick spends? If we try to draw an analogy with ancient battles, maverick spends are those who are not accounted for...…
February 14, 2019
Spend management is a crucial part of an organization. Our spend management process ensures the procurement and sourcing decisions are done accurately for the company well being.…
January 5, 2019
As a procurement professional, you have come across maverick spend many a time. What do you think about why it is maverick spend and what is the justification to label a certain category of spend as maverick?…
October 24, 2018
Spend Analysis Software helps you obtain insight into your organization by improving data quality and identifying profitable opportunities.…
April 20, 2018
Data is fish for Machine Learning (ML); the more data you feed your ML algorithm, the better accuracy in spend classification and eventually millions saved per $1 billion of spend.…
March 29, 2018
By structuring your speed data, an automated spend analysis tool will simplify the process and allow you to obtain and upload data from the system to produce a single source of truth.…