As organizations look for more ways to cut cost, supplier spend analysis is moved to the front burner. Collecting, cleansing, classifying and analyzing expenditure data to ensure a reduction in procurement costs, compliance and overall efficiency becomes the daunting task. And Tungsten Network Analytics is up to the challenge.
Tungsten’s powerful and easy-to-use reporting tools deliver insight into spend that companies need to improve procurement controls, reduce costs and ensure contract compliance. And this is all possible at the service, enterprise, supplier and individual invoice level. Companies using Tungsten Network Analytics save an annual average of 1-4% of total spend with help from:
- Vendor consolidation rationale
- Supplier negotiation support
- Price variance analysis
Get the supplier spend analysis you’ve been looking for with Tungsten Network Analytics. Download Insight From a New Approach to Spend Analysis to learn more.