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Spendency named Customer Leader by Spend Matters in spend analysis SolutionMap

PRESS RELEASE: 2017-10-19

Spendency named Customer Leader by Spend Matters in spend analysis SolutionMap

Spend Matters announced this week that the Swedish cloud solution Spendency has been positioned as Customer Leader in their SolutionMap for spend analytics. Spendency was one of 11 solutions ranked in the report and positioned in top for customer satisfaction.

  • We are proud to be ranked high in terms of customer satisfaction and see it as proof that we have succeeded in our mission to create a customer friendly and cost effective tool based on customer needs, says Nils Lundgren, CEO of Spendency.
  • For us, it has always been central that the purchasing and finance functions will be able to have a tool that makes it easy to quickly get started with proactive purchasing activities. It’s about having a solution that is simple and cost-effective to implement and which is intuitive to use from a purchasing perspective. The ranking from Spend Matters is a confirmation that we have managed to achieve just that.

As corporate and organizational purchasing volumes increase, it becomes even more important to continuously and proactively work on the cost base in order to be competitive and efficient.  It is therefore crucial for purchasing functions to have a fact base to start from. To be able to analyze its spend to understand the purchasing patterns the company or organization has, is key to identifying savings, developing a sustainable procurement strategy and prioritizing between procurement activities.

https://spendmatters.com/solutionmap/

PRESS RELEASE – Spendency Customer Leader in SolutionMap_20171019

Why spend analysis?

Although all leading procurement organisation works with spend analysis sometimes you hear people question why a spend analysis is even required to get a holistic view of an organisation’s expenditures. Here is why.

What is spend analysis?

Even though spend analysis as a concept has been around since the birth of strategic sourcing in the mid 1980s, the general knowledge of the topic remains low.  Many understand the big picture -spend has to do with the classification of expenditures, but fail to see the finer details…

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