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Spend Analysis Services
Our enterprise focuses on assisting companies in uncovering potential cost savings by carefully examining their purchasing history. Using advanced data analysis techniques, we are able to categorize and enhance the data, providing a clearer understanding of where and how savings can be realized. By delving into the intricacies of purchase records, we are able to highlight areas for improvement and cost reduction, ultimately leading to greater efficiency and profitability for the organizations we work with. Our expertise in data classification and enrichment allows us to offer tailored solutions that are specifically tailored to each client’s unique needs and challenges. Through our comprehensive approach, we empower enterprises to make more informed and strategic decisions, ultimately driving long-term success and growth.
What do you get when we do spend / cost audit of your procurement data?
- Get Insight in the data pattern (good , bad, cryptic).
- Get visibility in to the source from where the unclean data is coming from (Business Unit, Plant, Region ,ERP System).
- Get non-compliant trends in data entry touch points
- Compare across other data sources (contract, finance, sourcing, e-procurement)
- Gaps in taxonomy resulting in incomplete spend visibility.
Regular audits across year-on-year data can help achieve the following:
- Additional classifiable data due to changes suggested in the spend data audit (data governance, cleaner data).
- Greater visibility into tail spend (increase spend under influence and reduce tail).
- Additional category nodes and evolution of taxonomy based on audit findings.
- Discovery of hidden data patterns without extensive time or resource requirements.
Bring Out Your Business To The Whole World
Let’s talk about how we can craft a user experience that not only looks great but drives real growth for your product.
We are a software development company based out of Dharwad