Cushman and Wakefield’s Erik Sternisha Joins Spend Insights
A Conversation with Erik Sternisha, VP Procurement Lead at Cushman & Wakefield
SpendHQ Presents Spend Insights Podcast
Episode 004: A Conversation with Erik Sternisha, VP Lead of Procurement Operations / Center of Excellence at Cushman & Wakefield
Constantine Limberakis, Director of Product Marketing at SpendHQ, recently sat down with Erik Sternisha, VP Lead of Procurement Operations / Center of Excellence at Cushman & Wakefield. Erik shared his insights on the evolving role of procurement in the commercial real estate industry. During this podcast he reflected on his experiences, spanning some fifteen years in procurement technology and category management, and shared insights into spend analysis best practices and the importance of a sound spend analytics strategy.
Erik is a strategic and operational leader with over fifteen years of experience in developing and delivering strategic and operational solutions that enable procurement transformation. As a procurement professional, Erik has been responsible for delivering synergy/savings targets (both Direct & Indirect) and building and developing functional teams. His experience has been built on his involvement in M&A activity, process design, and efforts related to continuous improvement and IT strategy.
“From my personal experience to approaching procurement technologies, unless you have a very mature organization across the board (and not just procurement), you really don’t realize the benefits of an end-to-end source-to-pay solution. So especially as it relates to spend analytics, it’s important to choose a partner experienced in sourcing and category management and has played a role in that space.”
Spend Insights is a podcast series dedicated to the experiences that shape the world of sourcing and procurement. If you’d like to be featured as a guest on Spend Insights, or if you have a topic you’d like to hear covered, feel free to submit your request here.
SpendHQ is a spend analysis solution that provides rapid, accurate and detailed visibility into enterprise spend data. This full-service SaaS (Software-as-a-Service) spend analytics solution delivers actionable insight for sourcing and procurement professionals. With SpendHQ as your command center, you give procurement leaders inside your organization the power to impact the bottom line.
Recognized for innovation and industry impact in the procurement space, SpendHQ was named to the 2015 Red Herring Global 100 list and named the Best Big Data Reporting & Analytics Solution and Data Visualization Technology solution in the 2018 SIIA CODiE Awards. With SpendHQ at their fingertips, clients ranging from Fortune 500s to mid-market companies are finally able to see their enterprise spend clearly and drive savings confidently.
As a subsidiary of Insight Sourcing Group, SpendHQ is built by industry leaders with unmatched sourcing knowledge. Inc. Magazine has ranked Insight Sourcing Group among the fastest-growing private companies in America every year since 2008. In 2017, Insight Sourcing Group was also named the #1 Boutique Consulting Firm in the U.S. by Vault.com. To learn more about SpendHQ’s spend analysis solution and start taking control of enterprise spend data, request a custom spend analytics demo today.
After benchmarking spend analytics tools used across all industries, the American Red Cross selected SpendHQ based on our evaluation of their practitioner-built tool and practical approach. Implementation has been smooth, and early results are encouraging to date. At this point, we believe the Red Cross will achieve its targeted 7X ROI on the cost of this tool.
The intuitive interface and graphical nature of SpendHQ made it an easy choice for us. We looked at several other tools and none of them measured up to SpendHQ in terms of ease of use or quality of data.
SpendHQ has a superb user-interface and easy-to-use analysis features that enable our Procurement team members to gain valuable, actionable insights into the spends they manage. The support team has also been very efficient in completing the periodic data refreshes such that the system reflects the most up-to-date information possible.
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