SPEND ANALYTICS

The 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.

N

Data transformation

N

Executive Dashboards

N

Cloud-based analysis toolset

N

Training

N

Support

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.

242

Customers on four continents.

3,426

Datasets captured, collated, cleansed and enriched.

$750bn

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:

Analytics identify opportunities for increased local spend

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

Analytics drive savings, monitor diversity spend and reduce risk

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