California State University System (CSU) uses
systemwide spend visibility to identify $3m in cooperative quick
wins
CSU engages Spikes Cavell Analytic
Inc., to standardize, classify, enrich and collate spend data for
23 campuses and the Office of the Chancellor. CSU to deploy the
Spikes Cavell Observatory to deliver improved system-wide spend
visibility in the hunt for procurement
savings.
Herndon, VA – 21 June
2012 – The California State University System - the
largest senior system of higher education in the United States –
has successfully completed the first phase of its ambitious plans
to leverage system-wide spend on goods and services to deliver
savings. Spikes Cavell Analytic Inc., was engaged to collect,
cleanse, classify, enrich and collate raw spend data extracted from
the accounts payable (AP) system used by the 23 campuses and the
Chancellor’s Office to manage the institution’s finances. With the
data transformation phase complete and early cooperative savings
identified, Spikes Cavell has now begun the deployment of its
online spend and contract analytics tools to enable the
procurement functions at each of the campuses to analyse
their spend on goods and services to rapidly identify where
further savings can be delivered.
Luke Spikes, President & CEO of Spikes Cavell Analytic
Inc., said “In the public and private sectors, spend, contract and
pricing data is often incomplete, inappropriately classified for
procurement purposes and distributed across financial management
and purchasing systems that are only partially integrated. This
“data deficit” renders the analysis and management of spend
difficult, time consuming, expensive and unreliable. Our data
transformation methodology and online analytical tools have been
developed over many years to address this challenge quickly,
affordably and with little effort on the agency or institutions
part.”
Tom Roberts, Director Contract Services and Procurement for the
California State University Office of the Chancellor, commented:
“We recently contracted with Spikes Cavell to conduct a spend
analysis across all 23 CSU campuses and the Chancellor’s Office. It
was a tough year to start this project, as we were in the middle of
transitioning to a revised financial system as well as a new
procurement card provider, we ended up delivering as many as four
datasets each per campus. Despite those challenges, Spikes Cavell
was able to complete the project two weeks ahead of schedule with
the team being beyond helpful. We are already zeroing in on
initial opportunities for collaboration and savings – and we expect
a great deal more moving forward. Spikes Cavell has performed
beyond our expectations.”
About the California State University System
The California State University (CSU) is a public university
system comprised of 23 campuses and has 427,000 students supported
by 44,000 faculty members and staff. It is the largest senior
system of higher education in the United States.
CSU prepares about 60% of the teachers in the state, 40% of the
engineering graduates, and more graduates in business, agriculture,
communications, health, education and public administration than
all other California universities and colleges combined.
Altogether, about half the bachelor's degrees and a third of the
master's degrees awarded annually in California are from the
CSU.
Since 1961 nearly 2.5 million alumni have received a bachelor's,
master's or doctoral degree from the university system. CSU offers
more than 1,800 degree programs in some 240 subject areas.
http://www.calstate.edu/
TAGS: CSU, california university, spend analysis, university spend, education, Spikes Cavell, public sector, contract visibility, spend visibility, NIGP