How Much Are You Really Spending?
Businesses, small and large, collect massive sets of data, yet one dataset crucial to ensuring profitability, spending information, is often neglected. Despite its importance, many organizations are unsure exactly how much they spend or where their money is going.
You’re either digging through disorganized data that exists exclusively in segmented silos, capturing poor quality information, or using inefficient analytics tools to evaluate your spending. It’s often a combination of all three, leading to weak business decisions driven by impulse or inaccurate assumptions rather than strategy.
Make quicker yet more calculated buying decisions with the right spend visibility assistance from the Megascend team.
Complete spend visibility is only achievable by conducting a thorough spend analysis. To truly appreciate the scope of your expenditures, you must consider both the tiny details and the big picture. That’s what the Megascend team is here for: to set you up with the right tools and expert counsel, you need to spend more strategically.
Our reports empower you with an in-depth, hierarchical view of all commodities spending— classified using a blend of industry standards and custom taxonomies. With improved organization and data, our team can help you discover insights hidden within your unstructured figures.
From analyzing price variances, savings leakages, and sourcing impact to identifying category consolidation opportunities, we’ll help you build a more robust sourcing pipeline and discover new ways to save.
Our Spend Analytics Solutions
Get a better grasp on your true spending and discover opportunities to cut costs you never knew existed with the right software and support team.
If your spend management framework is broken, we’ll analyze it and make the necessary improvements. For some, switching from paper to digital is a significant improvement, while for others, we will develop a strategic sourcing procurement process.
Even if your input process is solid, the best data means nothing without analysis; you need to understand it to improve your spending. Our easily generated spending reports become crucial decision-making tools for procurement and finance departments alike.
How do your competitors handle spending? Use our software to compare your performance with that of competitors. You’ll have the power to improve negotiation tactics with your vendors and gain that all-too-important upper hand.