SPEND ANALYTICSThe Visibility Imperative
Achieving much improved visibility of spend on goods and services has helped our largest customer deliver $1.8 billion in savings. Another customer identified more than $5 million in procurement savings within a day of receiving the results of our work.
But for all of our customers, before savings could be identified or delivered, we had to help overcome a significant problem:
SPEND VISIBILITY – A CHALLENGE
Driving significant value from your spend on bought-in goods and services requires a fundamental understanding of spending that is firmly rooted in facts. Getting to those facts often takes excessive time and effort. Frequently, transaction and supplier data is poorly organized or inappropriately categorized for procurement purposes, exists in many different systems and is difficult to access.
We address the spend data deficit so that you don’t have to.
SPEND VISIBILITY – A SOLUTION
We transform, improve and add value to the raw data in your financial management, e-procurement and purchase card systems to deliver a rich, organized and complete picture of the totality of your spend on bought-in goods and services. Our managed service offering accurately classifies – quickly, reliably, and at a reasonable, fixed cost – at least 97% of indirect spend by value.
We take care of transforming your spend data so that it is fit for identification of savings and efficiency opportunities.
STATE-OF-THE-ART TOOLSET AND SUPPORT
Our managed service also gives you an easy-to-use executive dashboard, cloud-based analytical toolset, training and comprehensive support.
Cloud-based analysis toolset
OUR EXPERTISE, YOUR BUSINESS ADVANTAGE
We serve more than 240 customers globally, including Fortune 500 companies and an entire country. We offer cumulative experience from transforming more than 3,400 data sets, representing $750 billion in expenditure and counting. We have extensive experience in aggregating data from multiple sources and across complex, multifaceted organizations into a cohesive and consistent whole. We turn our expertise into your business advantage.
If you think your organisation might benefit from improved spend visibility then contact us for an initial exploratory discussion to determine whether we might be able to help.
Customers on four continents.
Datasets captured, collated, cleansed and enriched.
Spend data transformed and rendered ‘fit-for-purpose’.
EVIDENCE – Case Studies
We’ve worked with almost 1500 organizations over the last 13 years, here’s a selection of our most recent case studies:
Spikes Cavell has been working with the City of Fort Lauderdale since 2010 and currently provides a spend analytics service which includes spend data collection, cleansing, classification, enrichment, collation and an analytical tool called ‘The Observatory’…read more
Nuneaton & Bedworth Borough Council’s input into the types of management information a local council needs to effectively monitor and support small, local businesses has enabled Spikes Cavell to deliver an application that is simple to use, but effective, in identifying the categories of spend that could be fulfilled by suppliers in the authority’s local area. A local supplier directory makes it easy for council staff to engage with the right local suppliers who can provide the goods and services that they are looking to buy.read more
Kevin Beardsley (VBCPS) talks about how having visibility of all expenditure data (collated from three separate systems) in a normalized and classified database has allowed them to identify opportunities for spend optimization and savings via sourcing events, get visibility of diversity spending and how they implemented new controls to minimize the risks of spend which was not previously not under management.read more
“Using Spikes Cavell is a big win for us. Prior to engaging with them, data collection and consolidation was an extremely complex process, whereas now we get very organized, neat data which is infinitely more valuable to us.” – Duane Tucker, University of Coloradoread more
Video: Tom Roberts and Jason Stanton from the California State University System show how they have used to data to drive strategy and bring spend under management at the CSU system office and at the campus level.read more
City of Tucson used our services deliver improved spend and contract visibility. We talked to Marcheta Gillespie, Interim Director of Procurement, about her experience to date. “So someone like Spikes Cavell comes along, and whether it’s transforming...read more
Driving savings, process and efficiency improvements and helping local cross-sector collaboration, how the Observatory has been helping Comhairle Nan Eilean Siar since 2007.read more
A webinar presented by Duane Tucker, Director of Strategic Sourcing - University of Colorado and Jonathan White, Director - Spikes Cavell Analytc Inc. We all have a mountain of spend data. How do we analyze it? What is the value of this data? How do we use data...read more
The California State University (CSU) implemented the Spikes Cavell Observatory to deliver improved spend visibility in the hunt for procurement and business operation savings. The California State University (CSU) is a public university system comprised of 23...read more