Jake Wojcik shares why private equity firms are relying on implementing operational efficiencies to quickly accelerate savings and maximize profit. Procurement optimization has become one of the [...]
Direct More Spend to Preferred Vendors.
Eliminate Rogue Spend.
In a perfect world, spend flows to suppliers that you have negotiated agreements with, and projected savings become realized savings. If you’re like most organizations, the savings you worked hard to achieve during the sourcing process may not hit the bottom line.
With SpendHQ, compliance management is made easy. Instantly review a series of dashboards and customized reports to get a strategic overview of rogue spend. Quickly identify the sources of maverick spend to allow for rapid corrective action.
SpendHQ is highly intuitive and easy to use and has a unique ‘sourcing professional’s perspective.’ It gives us the answers we need without the complexity. We use it on a daily basis to identify sourcing and compliance opportunities and to manage vendor relationships. I highly recommend it.
Direct More Spend to Preferred Vendors
In just a few clicks, you have everything you need to know regarding your compliant, noncompliant, and unmanaged spend across all sourcing categories.
- Instantly analyze compliant versus noncompliant spend based on preferred vendor relationships
- Discover off-contract spend with vendors, indicating that existing pricing agreements are not being utilized
- Easily identify the top unmanaged and noncompliant categories, subcategories and vendors
- View a breakdown of your spend as it relates to specific categories to drive more savings
Ready to see our solution?
Schedule a demo and see what our spend analysis solution can do for your organization’s spend challenges.