Archstone Consulting Content

Beyond Sourcing: How Spend Analytics can Optimize your P2P Process

The traditional merits of conducting a spend analysis are well known. Knowing what and where an organization spends is absolutely critical for sourcing. It allows the procurement organization to consolidate suppliers, reduce maverick spend, leverage volumes, and negotiate more favorable contracts. There are, however, a number of benefits that spend analytics can have outside of sourcing. More specifically, the spend visibility that this initiative provides can do wonders for optimizing an organization's procure-to-pay ("P2P") process, affecting both the bottom line and the efficiency of the process as a whole. While there are myriad benefits a spend analysis can provide to the P2P process, three stand out: Channel Strategy, Supplier Enablement and Management, and Payment Terms.

Moving To The Cloud: Key Questions to Ask

Spend Matters welcomes a guest post from Steve Kekich, a member of the IT Consulting Practice at Archstone Consulting. While there are differing views on […]