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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Business Strategy

How to deliver world class procure-to-pay performance

According to research from The Hackett Group, accounts payable best performers operate with 62% lower costs per invoice than their peers. This indicates a significant opportunity for companies not considered best performers to make significant improvements to their operations. "AP best performers operate with 62% lower costs per invoice than their peers." Key Metrics to Determine Procure-to-Pay Process Efficiency Price per financial transaction basis Transactions per full time equivalent (FTE) Purchasing’s span of control The...

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Procure-to-Pay

Spend Under Management Part 2 of 4

So now that you know what spend under management (SUM) is, how would you go about adopting such a framework? SUM is built on creating a partnership between indirect procurement and operations along five key operating principles across sourcing, contracting, buying, and spend decision-making. At its foundation is executive leadership with joint operating targets established between indirect procurement and the operating groups they support. The actual SUM model measures the maturity of the organization across...

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Press Release

Steve Griffiths WINS the “Supernova Hall of Fame” at the 2022 SIG Future of Sourcing Awards

Southfield, MI –  Xeeva, a leader in AI-powered spend management and procurement software serving hundreds of locations and enterprises worldwide is excited to announce that Steve Griffiths, Chief Strategy Officer for Xeeva has been inducted into the “Supernova Hall of Fame” at the 2022 Future of Sourcing Awards hosted by Sourcing Industry Group (SIG) at their annual Global Executive Summit.   The Supernova Hall of Fame award was given to sourcing industry titans who have contributed...

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