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.
Key points
User Testimonial
Efficiency in sourcing and procurement
Strategic supplier partnerships
Technology-driven process improvement
Data-driven insights for informed decision-making
Cost reduction and optimization strategies
David P. Williams Exec VP and CFO Chemed Corporation
“ECF Procurement’s technology and digital solutions have been fantastic. The company’s customer service is top-knotch!”