Spend Analysis Services

Spend Analysis as a Service – Rapid and Actionable

Cleanse your data, understand your purchase history, aggregate suppliers, classify spend, and create a strategic sourcing roadmap for greater savings and easier-to-manage spend categories – with Corcentric’s Spend Analysis Service.

Our spend analysis as a service process was designed to combat a common business paradox: Identifying and classifying spend is extremely challenging, so why do organizations struggle to fight the complexity of spend analysis by addingmorecomplexity? Spend Analysis software integrations require significant investments of money, time, and IT resources to implement. Designed from a software engineer’s point of view, rather than a procurement professional’s, these spend analysis tools may require immense customization and configuration to truly meet Procurement’s needs. Procurement may end up with a sleek-looking spend dashboard, but automation alone can’t produce savings strategies or an opportunity assessment without a disciplined process performed by category experts.

总而言之,一个完全花visib实现ility software approach could take months, if not a year, before it even begins to add value – this is time wasted not identifying and pursuing savings and represents an unacceptable lost opportunity cost.

Corcentric is different. Our spend analysis solution,Corcentric Analytics, requires minimal input from your team. Simply provide us with your spend data and we take care of the rest. We work with as little as supplier name and spend volume, drawing on our subject matter expertise to develop a complete view of spend. After our spend analysis is complete, you have much more than simply a clear view of your spend to identify savings opportunities – you have an actionable strategic sourcing path to achieve them.

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Corcentric’s Spend Consultants break down the spend analysis process into a few logical steps. Collect the data, consolidate and cleanse it, and classify itin a way that makes sensefor your organization.

Corcentric’s spend analysis service enables your procurement team to:

Our spend analysis services can be delivered on a rapid schedule without compromising data integrity or classification. We are able to do this because simply put, no one has conducted as many sourcing projects with as many suppliers as we have; for as long as we have. Corcentric has beenconducting sourcing eventsand cataloging suppliers, contracts, and category taxonomies since 1992.

Successful spend optimization depends on pairing high-quality data with actionable sourcing strategies.Corcentric Analyticsgives you high visibility into complex spend data, and allows you to quickly and easily identify priority cost savings opportunities.Contact Corcentric’s spend consultantstoday about our Spend Analysis as a Service offering.

Don’t forget, spend analysis is just the first step in realizing cost savings and building a stronger, more strategic Procurement function. Check out what Corcentric has to offer andrealize the full power of optimized Procurement. Corcentric and Corcentric’s full suite of Procurement optimization services and solutions are designed to elevate your team and empower your business.

Corcentric’s full suite of Procurement optimization services and solutions are designed to elevate your team and empower your business.Analyze my spend.