Spend analysis - creating the conditions for strategic purchasing
What is spend analysis?
Spend analysis is a method of collecting, categorizing and analyzing an organization's purchasing data to get a clear overview of what is being purchased, from which suppliers and at what price. The aim is to identify savings opportunities, optimize purchasing processes and make more data-driven decisions.
Take procurement to the next level with spend analysis
By visualizing purchasing patterns, organizations can reduce costs and risks, increase control and improve their supplier relationships.
Reducing costs
Identify savings opportunities and enable data-driven actions that optimize purchasing and increase contract compliance.
Increase control
Spend analysis gives you the means to understand what is being bought, for how much and from which suppliers.
Reducing risks
By keeping track of suppliers and contracts, you can detect vulnerabilities in time, ensure compliance and reduce financial risks.
What do you want to add?
Your procurement hub
With Proceedo as the central hub for your process from purchase to payment, you can add solutions to suit your needs.
For example, add a powerful analytics platform to gain full visibility into your spend and suppliers and help you identify opportunities to reduce costs, emissions and risks.
Solutions for spend analysis
Spend analysis with the most efficient solutions on the market
Centralize spend and supplier data for greater control and transparency. With financial, contractual, emissions and social risk data, you'll gain new insights to help you launch cost reduction initiatives, ensure contractual compliance and report under CSRD.
Proceedo Analytics
From reactive to proactive. Follow your progress month by month. Automate and analyze both purchasing and invoicing in one system.
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