Spend Analytics

Procurement departments in most companies run a tight ship. Procurement managers face external pressures to better manage vendor contracts and validate future cost savings. There are other concerns such as pressure to better assess and mitigate risks, conformance to new regulatory and reporting requirements, increasing complexity of contracts, better reporting and governance requirements due to increased outsourcing, and increasing globalization of supply base. Most of the immediate problems occur due to invoicing errors, low capture of potential volume discounts / rebates and little or no visibility into contract terms at the time of invoice reconciliation.

We provide expertise and resources by utilizing analytics and business strategy tools can help you in better managing your supplier contracts. We engage in:

• Rigorously analyzing contracts, billing data, and business processes and controls.
• Identifying non-compliant pricing and support to recover monies owed.
• Providing practical recommendations to help clients address contractual gaps; streamline procedural and transaction processing inefficiencies
• Clarifying SLAs and supplier deliverables; and benchmark performance