5May

The Difference between Spend Analysis and Business Intelligence Is Mapping

Both spend analysis and general-purpose BI tools derive their power from the ability to query large datasets quickly and efficiently. BI tools applied to spend data can tell us the vendor, the amount, the buyer, and how the spend was booked. But spend analysis systems, from the same data, can use mapping tools to deduce 'what' was bought, which is the key to launching successful sourcing and spend management initiatives.

Read More
30Apr

Agility is key — Deloitte

Deloitte's 2021 Global CPO Survey, titled "Agility: The antidote to complexity", spotlights agility as key for high performing procurement organizations. At Spendata we're delighted with this conclusion, because we've built our product around that very principle.

Read More
25Apr

Is Your Data Secure?

It is customary for companies to require in-depth security reviews for web-based software vendors, because sensitive customer datasets end up on cloud servers that are exposed to attack and breach. But what if your data never leaves your machine?

Read More
10Mar

Your "Spreadsheet Person" Can Do So Much More

Buried in many consulting groups is an analyst who has mastered the art of building spend cubes with spreadsheets, and has therefore become indispensable. It’s a waste of talent!

Read More
1Mar

Spend Analysis: Product or Service?

Sometimes it's hard to decide whether spend analysis is a product or a service, especially when data preparation is opaque to users.

Read More
18Feb

A Savings Calculator

Plugging in just a few numbers that you already know (or can make a reasonable guess at) can generate a pretty good estimate of your short-term spend analysis savings potential.

Read More
16Jan

Revitalize Your Spend Cube

It doesn't matter who built your spend cube or how it was built. You can leverage Spendata's powerful mapping facilities and unsurpassed analysis capability without losing any of the work you've put into your old system.

Read More
4Jan

Creating a Data Inventory Map

Your company likely has many different systems involved in procurement, each with their respective silos of data. A data inventory map soon becomes a critical resource in any spend management effort.

Read More
30Dec
Another take on spend analysis inheritance

Another Take On Inheritance

Here's a 3 minute video from a European distribution partner explaining Spendata's unique inheritance feature. Inheritance allows analysts complete freedom to modify spend cubes because their changes are preserved across refreshes.

Read More
16Dec

Spendata's Auto-Mapping

There's a key difference between Spendata's auto-mapping and the "opaque" auto-mapping provided by, for example, neural-net based AI's. Those solutions provide the mapping as a fait accompli. You can't review what they've done, or understand why they've done it.

Read More
9Dec

Cubism: An Art Movement or the Power Behind Spendata?

The 20th-century art movement revolutionized traditional painting. Instead of limiting the representation of an object to two dimensions, it showed the viewer all the possible viewpoints of an object at once. Okay, so it may not be a perfect comparison, but Spendata’s “cubism” brings a similar perspective to the field of spend analysis.

Read More
20Nov

Agile Spend Analysis

Though ‘agile’ principles originated with software developers, the central idea has universal value: move from idea to impact as quickly as possible. Unfortunately, that’s easier said than done without supporting processes and systems.

Read More
29Oct

Why Data Analysis Is Avoided

Data analysis can take a long time with the wrong tools. That's why it's perfectly reasonable to avoid low-probability analysis, since the expected value of the effort outweighs the expense. But when proper tools are in place and the cost assumptions change, it makes perfect sense to go looking for value!

Read More
11Oct

What do Edison and Spend Analysis have in common?

It’s the 95% perspiration necessary for the 5% insight. With spend analysis, there are two ways to do the sweaty part of the job: (a) get a spend analysis tool that can easily map and segment your data, or (b) spend your nights and weekends hacking on spreadsheets.

Read More
26Sep

Qualitative Segmentation: The Analysis Difference

“Segmentation” refers to the way in which data can be organized into buckets in order to gain insight. "Qualitative segmentation" is segmentation that is not trivially supported by the data.

Read More
15Sep

Bringing Procurement Rigor to Merger Integration

Spend analysis pre- and post-merger can drive merger premiums significantly higher.

Read More
2Sep

Spendata's Inheritance Feature

Here's a one-and-a-half minute video on Spendata's unique inheritance feature. Inheritance allows the entire enterprise to modify and adapt spend cubes for their own purposes, while preserving their changes across refreshes.

Read More
24Aug

The Dependency Cycle

The segmentation performed by all spend analysis systems is the grouping of like vendors together ("Familying") and the assignment of spending to Commodity ("Mapping"). This is a continuous process as new data is added. If that process is opaque to you, a dependence on the spend analysis vendor is created that is both expensive and difficult to sever.

Read More
2Aug

Building "Preferred Vendor" with a BI tool

BI tools are terrific at some things, but they're pretty awful at creating dynamic data structures like a Preferred Vendor dimension.

Read More
31Jul

Building "Preferred Vendor" with a spreadsheet

It's easy to lose a lot of sleep setting up and maintaining a Preferred Vendor column with Excel.

Read More
10Jul

The truth about auto-mapping

Spend analysis vendors don't want to talk about it, but automatic mapping always requires manual corrections and enhancements. There are lots of reasons why, but the simplest reason is that the way you use a vendor is not necessarily the way that another company uses them.

Read More