Procurement analytics, what is it? Procurement analytics is the process of collecting and analyzing procurement data to form insights and assist in making solid business decisions. The collected data can be procurement Spend Analytics reports to more advanced analytics to predict budget forecasts.  Procurement analytics collects data from various sources such as enterprise resource planning, […]

Reducing Procurement Costs – tips Reducing your organization’s procurement cost is of the utmost importance. In a nutshell, cost reduction refers to cost savings made during a purchasing process. Cost reduction is built up of many factors such as re-negotiation of contract terms and conditions, administrative and operational process improvements and the use of data […]

Better business decisions with data analytics The current business climate calls for CFOs to be innovative and think out the box in order for their businesses to stand out in their industry. As technology has evolved, so too has data availability and being able to interpret and effectively use the data to improve cost reduction and revenue […]