Spend Data

Improve cost savings, cash flow and risk mitigation with spend data

Spend data is invaluable, helping not just procurement professionals deliver cost savings but much more, including mitigating supply base risks, reducing maverick expenditure, managing compliance and improving processes.

To achieve these business outcomes, it’s necessary to collect, standardize and organize the necessary data – including vendor master file, invoices, purchase orders, contracts, and much more.  A sampling of questions you can answer:

  • How do I ensure my supply chain is as lean as possible?
  • How will my organization's productivity be affected by end-of-year budgets?
  • How can I consolidate my supplier contracts to deliver greater efficiencies?

Your level of visibility and insight will grow as you enrich your core spend data with external sources of information such as geo-location, credit scores, commodity prices, market intelligence.