Spend Analysis Services
Procurement leaders of global enterprises are facing increasing challenges to do more with less in today’s intensely competitive landscape where spend management is one of the key factors of survival. Disparate data from disparate data sources can present significant challenges to the procurement team while conducting a spend analysis exercise.
ProcurePort provides end to end spend analysis services. Our services include the following:
- Initial consultation and advisory services related to sourcing goals and objectives
- Data aggregation services involving collection of data from various repositories
- Data entry services for converting paper invoices / spend reports into digital entries where required
- Data cleansing and data normalization including supplier categorization (by UNSPSC or custom taxonomy)
- Final Spend Cube preparation (see ProcurePort’s Spend analysis process for more details)
- Web based access to our Spend Analysis software for On Demand Analytics
- Identification of Addressable vs. Non-addressable spend
- Consulting and strategy on e-sourcing techniques for generating cost savings & supplier mix optimization for all addressable spend
If you are looking to get a clear picture about your organizational spend without having to dedicate internal resources or implementing an expensive in-house spend analysis tool, contact ProcurePort.
Learn how ProcurePort’s Spend Analysis Service and Spend Analysis Software can help your business with your Spend Management. Contact us today to get an estimate on your spend analysis / Spend Visibility project.