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Spend Analysis Pro Tip #4 – Don’t Rely on Automation

Manual spend analyses are daunting. Procurement teams are tasked with collecting data from a variety of sources. Then there’s the daunting process of reviewing the data, removing duplicates, standardizing the information, and correcting any other errors. Certainly, full automation would make you Procurement department’s lives easier, right? Not necessarily.

Automation certainly makes life easier when it comes to supplier identification and classification. You might run into trouble, however, if the tool’s hard-coded rules aren’t flexible to your organization’s unique spend profile.

Fortunately for you, SpendConsultant empowers your spend analysis efforts with semi-automation. The cutting-edge tool combines the efficiency of automation with the accuracy of manual, customizable classification tools.