Controlling Your Spend
Spend Intelligence comes from the use of powerful database tools that produce comprehensive reporting on your spend.
QSI (Quadrem Spend Intelligence) allows the integration of a multitude of sources of data very quickly. Its flexibility enables customers not to worry about integration issues, technology or compatibility.
We provide both an analysis service and a software solution.
4 typical cases for Spend Analysis:
- High spend for an important category of purchase where there is no contract shared: a framework contract could show cost savings.
- An important difference between the price paid per transaction and the standard pricing or contractual price: you might be paying too much.
- Many providers are for a small amount of purchases in one category: reducing the number of suppliers will increase your volume of purchases.
- A constant increase in prices: you might need to conduct stronger negotiations.
Do I need a tool?
If you are unable to quickly analyze your spending on Excel, you probably need a Spend Intelligence solution. Do you fall into one of the following categories?
- Several ERP systems
- A significant volume of purchases in different categories
- No classification system (UNSPSC, eClass, or other)
- A complex organization, several sites, several departments
- Decentralized purchasing
- A recent acquisition
Spend Analysis as a Service
An export in its most basic form (raw text) of your data (ERP, invoices or others) is all what we need to start chunking, reconcile, enrich and fuse your sources of data. From that point, our category experts will look into your spend or purchasing patterns and provide you with reports that focus on the following benefits:
- "Low Hanging Fruit" categories to generate savings
- Short, middle and longer term approach to tackle your spend
- Areas where contracts should replace maverick spend
- Insights on data classification and normalizing your content
In most cases, we provide you with the report and a workshop about the results in a matter of days. We can also produce such a report in context of a sourcing event; which is the best suited commodity to negotiate using a reverse auction, for example.