Is your organization ready to take on indirect spend?

This quiz goes through some of the key procurement strategies and technology capabilities that you need to successfully tackle indirect spend. To get your grade – just answer the questions below, tally them up, and discover if your organization has what it takes.


IndirectSpendQuiz

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If you didn’t answer yes to everything, check out our educational whitepaper to learn more about integrating AI technology into your organization and see which vital procurement strategies you can implement to start driving results now.

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Release Highlight

Release Highlight 12.0 – February 2020

SPEND ANALYTICS 1. New: Automated Insights The system now automatically generates a range of targeted Insights identifying actionable savings opportunities.  Each Insight includes an estimated potential Savings amount calculated from the spend data and are grouped into opportunity Types according to the next best action users can take to drive savings, and are supported by the underlying data that defines the Insight, typically at the individual items level. 1.1. Insight Confidence Level The Insights are...

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Release Highlight

Xeeva P2P Release Highlights 13.3 – March 2022

In our upcoming P2P update, Release 13.3, expected to be deployed in early April 2022, Xeeva introduces Public Catalogs. This feature expands a company’s access to supplier catalog items and adds another avenue to increase compliance by reducing spot buys and controlling maverick spend.    Similar to shopping at Amazon, this feature provides the user:   Access to Xeeva’s large network of suppliers at preferred unit pricing  Cross-catalog intelligent search  Searches for the requested product amongst hosted...

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Procure-to-Pay

Why is maverick spend a problem for procurement organizations (and when is it not)?

We recently held a webinar in which our Chief Strategy Officer, Steve Griffiths, and Institute for Supply Management's (ISM) Managing Director of Global Operations, Lane Burkitt, discussed the impact technology is having on maverick spend. One of the points they touched on during their discussion was why maverick spend can be such a problem for procurement organizations – and in what instances it’s not a problem. Want to know more? Watch this clip or read...

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