THE PROBLEM: THE SPEND DATA DEFICIT
In order to identify cost savings opportunities and efficiencies in public procurement, management first needs better visibility over how much is being spent, on what, with and by whom. The unfortunate reality is that in the public sector spend data is often poorly organized, inappropriately classified, exists in many different systems and is difficult to access. Addressing this ‘data deficit’ can significantly improve management’s ability to drive millions of dollars of incremental value from its spend on bought-in goods and services.
THE SOLUTION: IMPROVED SPEND AND VENDOR VISIBILITY
Spikes Cavell delivers public agencies better spend visibility through a managed service that includes a comprehensive spend data collection and transformation service, an easy-to-use cloud based analytical toolset, user licenses, training and comprehensive support.