What You Need to Know About Spend Analysis
CenterPoint Group
NOVEMBER 4, 2022
A spend analysis is a process of analyzing the spending patterns of an organization. It enables organizations to understand where their money is going and how they can save money. The goal of spend analysis is to analyze spending habits and identify areas for cost savings, this is typically done by transforming the raw data into usable information thus finding insights into the company’s procurement activities and spending habits.
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