How to Implement Spend Compliance: 50 Shades of Pay (Part 20) [Plus+]

spend visibility

In this final edition of our spend compliance miniseries, we get into some implementation considerations for spend compliance. There is no perfect prescribed pathway for the compliance analytics highlighted in this series. And spend compliance itself sits within a much broader evolution in a journey from forensic “spent analysis” to predictive strategic supply analytics as shown below. In a perfect world, spend flows to suppliers, such that the processes and spend are both compliant with rightsized controls and contracts designed cross-functionally to optimally meet policies derived clearly from customer, shareholder, and regulatory requirements. But it’s not a perfect world. And it’s complicated.

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