In most enterprises, procurement functions guide huge amounts of spend. However, the discretionary budget of the CPO is generally fairly insignificant when measured against the wider influenced spend. But for that spend which is under direct control, ensuring high levels of performance by tapping into available resources — and demonstrating these high levels to internal stakeholders — is an obvious choice.
Tungsten Network Analytics is redefining spend analysis for procurement departments by delivering access to previously inaccessible data and savings opportunities — in real-time! From improving procurement controls to reducing redundant and overspend, customers utilizing the e-invoicing services of Tungsten Network gain the insight into spend necessary to make better, more informed buying decisions.
Tungsten Analytics offers:
- Supplier negotiation support and rationale for vendor consolidation
- Real-time and historical price variance analysis
- An average annual savings of 1-4% of total spend
By delivering access to data at the service, enterprise, supplier, and individual invoice level, Tungsten Network Analytics is helping to improve the performance of organizations around the world. Download this Category Insight to learn more about how Tungsten Network spend analysis for procurement is delighting customers across the globe.