Spend analysis is often viewed as part of a larger domain known as spend management. Visibility in the spend management area refers to the ability of an organization to have a comprehensive view of the metrics that drive improved cost savings, process efficiency, and supply-chain performance. Having spend visibility allows for analyzing past spend which can be utilized for planning future direction. Spend visibility goes beyond tracking spending, as it gives both a detailed and holistic picture of how money is moving through your company. By cleansing, categorizing, and analyzing expenditure information, consistent spend visibility lets you clearly see information on suppliers, spend, and when advisable compliance or initiatives.

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