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.