How Choosing the Right Spend-Analytics Technology Can Add Value Across the Entire Enterprise
Custom content for Scanmarket by studioID
Traditionally, the procurement organization has often been overlooked as a strategic source of competitive advantage. Today, however, technology has supercharged the ability of procurement to deliver added value across the entire organization.
In this playbook, we examine the uses and potential benefits of spend-analytics tools, how to go about choosing the optimal technology solution, when to choose a stand-alone solution versus an entire procurement-management technology suite, and best practices in implementing spend-analytics technology. Readers will:
Understand why spend management is a top priority for procurement professionals
Learn how spend-analytics tools can solve the problems of transparency, multiple data sources/systems, spend-category definitions and reliance on Excel spreadsheets
Learn some of the key steps in implementing spend-analytics tools
Be able to identify priorities in choosing a technology vendor