Spend Analysis
Aggregate Data
Tap into data from disparate regional or global sources ERP, Accounts payables, Financial & Accounting, Transportation, P Card, T&E, Suppliers
Classify by Category
Cleanse the data, establish a set of common attributes, leverage various enrichment techniques to establish category and sub-category classifications
Establish Baseline
Review category data to develop a preliminary profile of spend activity
Review Contracts
Dig deep into critical or unexpected pools of spend to establish the existence underlying contractual obligations
Identify Opportunities
Review updated spend profile with procurement and finance to surface relevant opportunities
Validate Opportunities
Work with the operational owners of the spend to understand requirements and validate identified opportunities