Spend Analysis

Improve spend management and identify savings opportunities by effectively spend data aggregation, spend data cleansing, spend data classification and conducting efficient spend analytics. Take informed decisions that will help in strategic cost reduction.

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How your business benefits

Cost Savings from Controlling Maverick Spend

Cost Savings from Controlling Maverick Spend

 

•   Spend analytics can help identify purchases from unapproved suppliers and improve Cost Savings from Controlling Maverick Spend

•   Such maverick spend results in uncontrolled spending, compliance failure and cost increase as the purchase would not be based on negotiated prices

Reap the benefits of spend transparency

Reap the benefits of spend transparency

 

•   Gain full benefits of spend transparency into organizational spend through spend analytics. This provides oversight of expenditure, savings tracking and reduces the likelihood of fraud

•   Using this data, organizations can achieve spend data aggregation, purchase pattern examination, insights into spending trends etc., to consolidate suppliers and achieve strategic cost reduction

Aids in supplier evaluation and better supplier engagement

Aids in supplier evaluation and better supplier engagement

 

•  Transparency into the company’s spend helps to evaluate and compare suppliers for better supplier engagement

•   Suppliers that have beneficial offerings can be rewarded with long-term or high-volume contracts, while poor performers can be eliminated

Helps in making informed decision with actionable intelligence

Helps in making informed decision with actionable intelligence

 

•  Spend analytics tools aid companies to gain real-time visibility on their spending pattern, spend compliance and make decisions based on their budget and priority

•  Such data help companies develop initiatives that are effective in achieving goals

Why choose SpendEdge?

Featured Case Study

Mining Industry Case Study: Cost-Benefit Analysis

Mining Industry Case Study: Cost-Benefit Analysis

June 16, 2025

It is essential to have a feasibility report and a cost-benefit analysis (CBA) for a project. This analysis lies within a range of project and plan appraisal methods that seek to apply monetary value to costs and benefits. It is more comprehensive in scope, taking a long view of the…

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Minimizing expenditure is key to the success of any business, especially in this post-pandemic era. Contact us to identify maverick spend and strategic cost reduction measures.

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