This is a much needed report for anyone considering initiating a spend analysis or reevaluating their current spend analysis initiative,” said Brian Daniels, CEO of Spend Radar.
Chicago, IL (PRWEB) November 23, 2011
Spend Radar, a leading provider of spend analysis and spend management software, has sponsored Aberdeen Group's latest report, "Spend Analysis, The Nexus of Spend Management." This report provides an up-to-date and in-depth look into the processes, procedures, methodologies, and technologies associated with spend analysis.
“This is a much needed report for anyone considering initiating a spend analysis or reevaluating their current spend analysis initiative,” said Brian Daniels, CEO of Spend Radar. “The information provided in this report is invaluable, and we are proud to sponsor such a comprehensive report.”
“Though spend analysis solutions have been around for several years, economic pressures today are driving procurement leaders to increase their focus on them,” says Constantine Limberakis, senior analyst at Aberdeen Group. “For instance research demonstrates 67% of 132 of survey respondents view spend analysis as a high or top priority for their enterprise procurement program. This statistic jumps to 88 percent when looking at C-level executives exclusively.” Mr. Limberakis also points out that “Best-in-Class organizations (top-performing enterprises measured on a series of distinct key performance indicators) capture 96% of their spend in spend analysis systems and are two-thirds more likely than their peers to have standardized procedures for data extraction, cleansing, classification, and reporting. This increased focus on spend analysis initiatives provides better visibility to drive procurement performance, such the ability to identify 80% more cost avoidance savings than their peers.”
Offering an analysis of 132 global enterprises surveyed in September 2011, this report will provide:
- Three key performance indicators used to distinguish top performers
- Common characteristics of top performers
- Specific recommendations to achieve a best-in-class performance
Download a complimentary copy of the report here.
About Aberdeen Group, a Harte-Hanks Company
Aberdeen provides fact-based research and market intelligence that delivers demonstrable results. Having queried more than 30,000 companies in the past two years, Aberdeen is positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen for insights that drive decisions. As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the "customer optimization" process of Harte-Hanks (Information - Opportunity - Insight - Engagement - Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen or call 617-854-5200, or to learn more about Harte-Hanks, call 800-456-9748.
About Spend Radar
Spend Radar is a leading software technology company focused solely on conquering the challenges of spend analysis and spend management. Spend Radar was founded to overcome many of the challenges that previous generation spend analysis and data classification solutions fail to address in a complete or optimal way. Our entire focus is to help any organization working with spend or supplier-related data to take action more quickly and effectively, significantly reducing the time spent to create actionable analysis. By enabling organizations to gather and structure complicated, distributed, and diverse sets of information in a completely new manner, Spend Radar sets a new standard for data management. Spend Radar customers achieve greater savings faster.