Spend Analysis Benchmark Report: Key Procurement Insights from Aberdeen

Procurement leaders are under growing pressure to control costs and increase contract compliance. The Aberdeen Spend Analysis Benchmark Study reveals how top-performing organizations use automation and standardized processes to dramatically improve spend visibility, sourcing performance, and enterprise savings. This research benchmarks over 700 enterprises and outlines actions that distinguish Best-in-Class performers—from boosting enterprise-wide spend visibility to improving contract compliance by 30% and achieving up to 20% in cost savings on newly managed spend.

Key Insights from the Report:

• 60% of enterprises still rely on manual spend analysis tools, limiting savings opportunities
• Best-in-Class companies manage over 90% of enterprise spend and use automated data collection
• Organizations saw a 34% average increase in contract compliance with effective spend analysis
• Automation enables 75% higher sourcing savings and 22% faster sourcing cycle times
• Executive support and standardized processes are critical to successful spend analysis adoption
• The ROI of spend analysis includes measurable savings, improved compliance, and strategic sourcing outcomes