How spend analytics solutions support risk management

Spend analytics vendors do what their name implies: they derive insights from spend data. However, that is not all they are capable of doing. Many spend analytics vendors apply that analytical expertise elsewhere, such as contracts, carbon emissions or supplier performance. This results in analytical data not just for those areas but also dashboards and opportunities that use hybrid data (spend + another factor) to help determine KPIs and enterprise goals.

This piece covers how risk data specifically comes into play for traditional spend analytics vendors.