Spend Analytics Consultants, provide a mix of analytical and management consulting skills, that provide spend visibility, advisory, strategic sourcing with Opportunity Analysis, Cost Saving identification, and Delivery.

Consultants provide management with independent advice relating to strategy, structure, management, or operations.

It may include the identification of options with recommendations, assistance with the implementation. Consultants are split into many multiple levels of subcategories and may be used to fill gaps in capacity, knowledge, and experience.

What is Automated Spend Analysis?

Automated Spend Analysis, is the process of systematically, extracting, consolidating, aggregating, transforming, and sharing company spend data, that provides regular updates and insights, that inform the appropriate sourcing decisions. Automatic Spend analysis software is a collection of tasks or sub-processes that have been automated to provide spend visibility, automatically organized in a specific workflow that captures spend data, that is analysed, classified and shared it with business stakeholders.

What is Spend Data Classification?

Spend Classification is the process of grouping spend data for similar goods or services, assigning them to predefined categories using a Taxonomy document. A hierarchal taxonomy or framework, that spans many major purchasing sectors with multiple sub-categories, that provide procurement managers with clarity, spend visibility, and purpose.