Enterprise Performance Management - Data is First Priority

A good read by Jason Buch on spend matters on bristlecone SAP relationship on spend analysis. Though I dont agree with him that bcone is just "no ideas only low cost" statement. In todays industry low cost is more of "executing good quality work in a low cost manner" so its strength. But anyway i am curious to know industry players coming into this. Bristlecone has already gone through successful implementation of more than 10 customers in this space with more than 2 years of overall experience with the established team. So its hard to crack. Work watching.

This is a common question that I see people asking in the industry. The next question usually they ask - I already have my data in good shape - why should I pay for cleansing it. My question to all these answers is - YOU DONT KNOW HOW IS YOUR DATA. Why I say that? Because while I am playing with lot of enterprises data in last 5 years i come to know from interactions with customer or people who are maintaining the data this fact. Especially if there are multiple departments handling all kind of data and they dont have a cohesive mechanism to deal with the data as a single form of truth. Now whatever be the reason for your company - its indeed true that data is not in a good shape that it should be. How it effects - you dont have visibility towards your spend properly / by commodities / by supplier groups / by geographies or by negotiating power that you are carrying and last one is risk that you are maintaining. To get this visbility you need a dashboard which gives you analysis power.