Many organizations struggle with poor procurement spend visibility or lack it completely. Think about the old adage, “you can’t control what you can’t measure,” and you’ll realize that this is an ongoing challenge with large enterprise organizations. Without visibility into what your organization is spending, you have no way to control it. The top, and the most obvious, reason why most organizations struggle with spend management and compliance is that the majority of procurement spend...
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Xeeva continues to enhance Spend Analytics by focusing on highlighting key spend trends and insights with intelligent alerts. In the upcoming 14.3 release of Xeeva Spend Analytics, customers will see minor enhancements and bug fixes including: Enhancements to Intelligent Alerts The Non-contracted spend alert highlighting the spot buys will now also display the spend trend line for better comparison Implementation of drill down in the Item heat chart Drill down will allow the user...
Procurement teams globally are facing the same common challenges. We hear it over and over: CPOs are constantly being tasked with cutting costs and doing more with less … yesterday. But how are they doing in actually overcoming these challenges? Let’s take a look.