Spend Analysis Blog Posts

July 6, 2022
Indirect Spend

Mastering Indirect Spend Six keys to success

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

What kind of spend data is flying under your radar?

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
Indirect spend

Realizing Savings in Indirect Spend: A Guide for Procurement Teams

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
Maverick Spend

The Maverick Spends – A Resolved Quandary Can Lead to Huge Savings

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
7 Steps to Effective Spend Management

7 Steps to Effective Spend Management

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 28, 2019
This Chinese New Year, Use Strategic Sourcing to Procure Savings

This Chinese New Year, Use Strategic Sourcing to Procure Savings

January 5, 2019
Five Ways to take Control of Maverick Spend

Five Ways to take Control of Maverick Spend!

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

Procurement Analytics- Empowering the Future of Procurement

Spend Analysis Software helps you obtain insight into your organization by improving data quality and identifying profitable opportunities.…
April 20, 2018

How to Mint Millions from your Unclassified Spend Data?

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

Spend Analysis Mistakes that can mar your Sourcing Strategy

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.…