Author Archives: Nina Vellayan, President & CEO, Xeeva

Is the problem that services spend is complex or simply that you have bad spend data?

When it comes to services spend, many organizations find it difficult to manage. CPO Innovation reports that “services spending can range from almost 50 to 80% of what firms buy from outside vendors.”

Just like any category of spend, especially indirect, it all goes back to the data. There’s the adage, “if you can't measure it, you can't manage it.” We know the goal of an organization is to have as much spend under management as possible — but if you don’t have good visibility into your spend, how can you expect to manage it properly?

In this post, we review the complexity of services spend, the importance of cleansing your spend data, and how doing so can help you manage not just your services spend better but all indirect spend.