The Rise of Spend Analytics Within the Private Equity Environment

 In Procurement Blog, Procurement Solutions, Procurement Technology, Spend Analytics, Spend Analytics Software, Webinar

Spend Matters welcomes Jake Wojcik, Senior Vice President of SpendHQ for a guest blog feature. 

The Rise of Spend Analytics Within the Private Equity Environment

Jake Wojcik, Senior Vice President of SpendHQ, was invited to contribute a guest article for Spend Matters, one of the leading research firms exclusively focused on the world of procurement.

While many private equity companies have long recognized procurement spend optimization as a strategic lever for valuation enhancement, and operating partners understand that spend visibility is “table stakes” for even average procurement performance, most portfolio companies continue struggling to achieve full procurement spend visibility. In order to harness the aggregated purchasing power of a portfolio and accelerate the value of these companies, there are some key data challenges that need to be addressed. Continue reading the full article here.

Procurement Pro-TipOne of the biggest offenders of poor spend visibility is the “accountant approach” to categorization.  General codes are simply not an effective substitute for procurement specific taxonomy. 

Portfolio companies struggle with procurement data challenges for several reasons. In our upcoming procurement webinar, we focus on the three most common ones and examine why it matters to private equity firms.

Gain insight into:

  • 3 common spend visibility challenges in private equity
  • Strategies to leverage spend analytics and accelerate the value of your portfolio companies
  • Case studies and live Q&A

Webinar: Spend Analytics = Critical for Procurement-Related EBITDA Impact

Date: Thursday, October 27, 2016

Time: 02:00 PM Eastern Daylight Time

Speaker: Jake Wojcik, Senior Vice President at SpendHQ & Insight Sourcing Group

Jake Wojcik | SpendHQAbout the Speaker:

Jake is the Senior Vice President SpendHQ as well as its parent company, Insight Sourcing Group. Jake has 15 years of experience in management consulting with a focus on procurement, sourcing, and supply chain management. Prior to SpendHQ, Jake was a Director with Resources Global Professionals (founded by Deloitte), and also formerly with KPMG Consulting (later known as BearingPoint) and Arthur Andersen Business Consulting.

Register

White PaperDownload this white paper for more details on spend visibility in private equity.

 

About SpendHQ

SpendHQ is a spend analysis software that provides rapid, accurate and detailed visibility into your spend data. This full-service SaaS spend visibility solution delivers actionable insight for sourcing and procurement professionals. Designed from the ground up by top sourcing experts at Insight Sourcing Group, it bypasses months of ERP integration, strips out all the unnecessary functionality, and finally solves the problem of bad data. This SaaS tool features the industry’s most intuitive user interface and has US-based procurement specialists handling the data optimization. Recognized for innovation and industry impact in the procurement space, SpendHQ was named to the 2015 Red Herring Global 100 list, and listed as a finalist in the CODiE 2016 Awards as a “Best Supply Chain Management” solution. With SpendHQ at their fingertips, clients ranging from Fortune 500s to mid-market companies are finally able to see their spend clearly and drive savings confidently.

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