Spend Analysis

Improve spend management by effectively identifying, gathering, cleansing, and evaluating spend data. Take informed decisions that will help in decreasing procurement costs.

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How your business benefits

Cut down maverick spend

  • Spend analysis can help identify purchases from unapproved suppliers
  • Such maverick spend results in compliance failure and cost increase as the purchase would not be based on negotiated prices

Offers spend transparency

  • Gain transparency into organizational spend. This provides oversight of expenditure and reduces the likelihood of fraud
  • Using this data, organizations can consolidate suppliers and implement cost-reduction strategies

Aids in supplier evaluation

  • Transparency into the company’s spend helps to evaluate and compare suppliers
  • 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

  • Spend analysis aids companies to understand their spending pattern 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

How SpendEdge Helped CPG Giant Streamline Contract Manufacturer Selection Process

Challenge: Faced with intense competition and the need to improve profit margins, our client turned to SpendEdge for assistance in overcoming their business challenges. One of the main strategies involved migrating cost-intensive operations to low-cost destinations.

Solution: Our team at SpendEdge assisted the client in streamlining their contract manufacturer selection process. Leveraging our expertise and market research methodology, we identified key contract manufacturers for the client’s ready-to-eat product line.

Result: The client successfully addressed their business challenges and achieved improved profit margins and reduced operating costs. All the while, also enhancing product quality and expanding manufacturing capabilities.

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Talk to One of Our Experts

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

Talk to Our Experts

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