Spend Analysis
Articles, videos, inforgraphics and presentations about spend analysis
Spend Analysis for Complex Categories
For most organisations complex indirect spend categories pose an opportunity for significant savings and efficiencies but are seen as too challenging to address. However, savings of up to 40% can be achieved if the right approach is taken.
Does Low Cost Spend Control Matter?
Visibility and Control is the key to Complex Spend Management (article)
How to carry out a Spend Analysis in 5 steps
Claritum have helped many organisations analyse what they currently spend and identify savings opportunities. We know it can be a daunting task. However, a spend analysis can lead to significant savings opportunities. Below we have summarised how to carry out a Spend...
Direct savings potential eprocurement infographic
An easy-to-use eprocurement system delivers savings efficiencies of approx 30% Companies could be saving as much as 30% on their annual spend through the installation of a cloud-based eprocurement system, that’s according to an infographic released by Claritum. Using...
Complex Spend Eprocurement Infographic
Spend Management Platform
Do you really need to invest in a cloud based spend management platform?
Go on a spending diet
Have you heard about Spend Management Technology and decided that you don’t need it because your business can do without it? Read on and find out whether your organization really needs to invest in sourcing technology such as a cloud based spend management platform....
10 Signs Your Complex Spend is Out of Control
Has your spending left you feeling bloated and over weight? Has your uncontrolled spending given you the January blues? Do you know where those few extra pounds (or dollars) went? Did you feel the same way 12 months ago but lacked the resolve to truly tackle your...
Spend Visibility – Why is it so important?
Proxima* analyzed the impact of a 1% reduction in both labor and non-labor costs across 1,954 organizations. Based on 2011 figures, if all the companies reduced labor costs by 1%, they should be able to raise EBITDA by 0.7% totalling $21 billion USD across the...
How much did you spend today?
It is crucial that organisations have clear visibility of what they are buying and how much they are spending. Yet few organisations have a good understanding of their spend visibility. The problem For most organisations complex indirect spend categories pose an...
Spend visibility is the start point – Identifying what the true spend is, is critical
From Tokyo to Boston, unlike an ERP (enterprise resource planning) system, a cloud based spend management platform can be installed within hours and can tell you in real time exactly how much you’ve spent. Here’s how it’s done. How much did you spend today? Your PO or...
Why organizations are failing to gain control over expenditure
The rise of easy-to-use procurement tools is democratising procurement. Once upon a time procurement was a department that you went to because you were forced to in order to make a purchase. Other departments resented procurement as they felt it got in the way....
Pitfalls to watch out for in spend management visibility
Proxima* analyzed the impact of a 1% reduction in both labor and non-labor costs across 1,954 organizations. Based on 2011 figures, if all the companies reduced labor costs by 1%, they should be able to raise EBITDA by 0.7% totalling $21 billion USD across the...
Laying solid foundations through spend analysis
While new technologies such as cloud based systems have helped organizations gain better visibility and control over their spend, gaining visibility still requires quite a lot of domain expertise and localized knowledge. The nature of every day spend management...
