Spend Analytics

Spend Analytics, the process of classifying and analyzing spend data in order to reduce obtaining costs & improve efficiency.

Spend Analysis provides you a great insight over your spend data and can help you identify opportunities you didn’t know existence. Spend Analysis data of a company will allow you to make an informed decision on how processes within your organization could be improved.

Whenever negotiating a new contract with a vendor, having done a comprehensive spend analysis will give you more information about your spend with that specific vendor and also can provide you with insight into how much you are spending with that client's competitors which are the information your vendor doesn’t have. Pike's spend analysis can help to correct that imbalance.

With Pike's Spend Analysis

• Recover Over-Payments
• Procure Co-operatively
• Source More Locally
• Benchmark Relative Position
• Quantify Your Savings
• Deliver Savings
• Improve Processes
• Managing Maverick Spend
• Managing Supplier Relationship
• Manage Risk