Drive immediate and quantifiable improvements in spend data with insightful audit with insightful audit.
Why Spend Data Audit?
While spend analysis has traditionally focused on spend or purchasing data, today's organizations also need to combine traditional purchasing data with additional organizational data, such as revenue forecasts, and external data, such as industry and market forecasts, metrics, and indexes.
Analysis against this expanded data source enables procurement to deliver significantly more insight into the overall business. Because many procurement departments lack the resources, time, and technical capabilities to thoroughly consolidate, analyze and manage their spend data, they often have a significant amount of missed savings & Insights throughout their organization. The challenge is that the data required for spend analysis is often located in multiple systems with category classifications across disparate parts of the organization.
