Imagine for a second that you are a global enterprise with more than 10 finance systems located at different locations worldwide. Do you know, how many opportunities are you missing in double payments, missed volume discounts, off-contract spend, who are your real suppliers at Tier 2, even if you have preferred suppliers at Tier 1? Do you know your largest spend categories? Do you know which corporate house you are doing most business with and parent of the vendors that you deal with named as A, B & C are actuall same? Which suppliers are diversity suppliers – woman owned or minority owned? This is the type of information that you can expect to become visible and get some actionable input from it to increase your savings from a spend analysis project. Now ways and means to implement those spend analysis program can be different for everybody depending on system spread, geographic locations, nature of business and business priorities. There are multiple vendors and consultants ava