Companies managing billions in spend look to their CPO (Chief Procurement Officer) and procurement teams to find the spend optimization actions that will have the most impact. But with the massive amounts of data being generated and the numerous possible levers for different spend categories, it’s difficult to know what areas to concentrate on and where the greatest potential lies.
Category Analytics Solution (CAS) analyzes category-specific transactional data from a company’s spending to determine the most effective actions teams can take to immediately optimize spend and hit their targets. It covers category-specific commercial, demand, and process levers.