Actionable Spend Analysis: From Data to Savings

  • Source: Zycus
  • Written By:
  • Published:
  • (Originally Published On:) )
Having realized the savings that can be generated by managing corporate spending, many organizations are now aiming to employ and leverage spend analysis to implement sourcing and procurement strategies. Is quality data the cornerstone of successful spend analysis? Most of us would say yes, without hesitation. However, if you dig deeper, you might be in for a surprise.

Featured Software Research:

PBX to VoIP Migration Checklist

A migration from T1/PBX (public branch exchanges) to voice over IP (VoIP) takes some planning and IT support, but the savings can be substantial. This short checklist can help get you started to make the switch to VoIP.  Read More

Analyzing Big Data: The Path to Competitive Advantage

Big data is different from ordinary database information because of the massive volume, the variety, and the velocity. And the data mix now includes product reviews, video, blogs, tweets, and more. But the biggest current challenge may be to articulate a compelling business case for using big data. Find out how companies in various industries are finding value in the data they have already collected and making it actionable. Read More

Mid-Market Analytics in North America: Transforming Data into Insight

This Aberdeen Sector Insight explores the impact of business analytics in the mid-market. The research shows that Best-in-Class companies are leveraging analytics to gather the right data to create actionable insight, and deliver timely results to their key decision makers. Additionally, while many mid-market companies struggle with complexity in their data environments, the research shows that an analytical solution to exploit this data need not be complex or technically overwhelming. Read More

You may also be interested in these related documents:

Ten Tips for Superior Spend Intelligence

Looking to start a project? Whether you start with a services-based approach, or acquire a comprehensive solution, the savings and ROI are dramatic. We recommend starting with spend visibility. Identify quick-win opportunities to get the momentum going and let the spend intelligence/spend management grow within your organization as another very valuable application to enhance your company’s efficiency and effectiveness Read More

Business Intelligence for Process Industries

The IT investments that have allowed firms in process industries to increase the efficiency of their operations and supply chains have also created vast stores of data. Unfortunately, many companies are still unable redeploy that data to drive innovation. Learn how the next generation of business intelligence (BI) tools can help your company gain a competitive advantage by harnessing the information IT systems generate. Read More

Spend Data Warehouse “On Steroids”

  • Source: Zycus
  • Written By:
  • Published:
It’s only lately that people have been questioning the value of information they’re able to garner from within “spend data” warehouses. Why can t we leverage traditional tools to give the sourcing and purchasing community what they want? To understand the limitations of traditional data-cleansing technology, and why spend data necessitates special algorithms, we need to start with the basics. Read More
 
comments powered by Disqus