Understanding where budget funds are being spent is the foundation for effective management of third party purchase expense. Detailed and thorough analysis of aggregate spend across the organization often uncovers otherwise unknown opportunities for improvement.
Looking across your entire organization for areas of fragmented or redundant spending, or simply identifying spend that is not in compliance with company policy, can often lead to fast and easy cost reductions.
Typical business challenges surrounding spend analysis include:
The Creovia Group can assist with spend analysis services through: