Spend Analysis

The results of a spend analysis process can provide needed direction when implementing a new system within your organization.  Increased spend analysis data will allow you to better track and identify:

  • Suppliers where the value of non-contracted spend is non-compliant
  • Spend with non-contracted vendors in categories where a contract is available
  • The categories of spend where there may be many suppliers and no contract is in place
  • Increase overpayment recovery, reduction in variance, and tracking of sole source issues
  • Improvement across business lines by using common reporting format