Trending

Depending on the size of the organization, there can be thousands of purchases in the tail, and organizations can often find millions of dollars of savings once they begin to examine it all.

Clearly seeing spend analytics across your entire organization in one place enables you to make the right decisions.

There is no trick when it comes to helping companies find suppliers who are a great fit. The most important thing Versatex can do for our clients and our suppliers is make sure their values align. And that comes down to an important business basic: caring about and thoroughly understanding our clients’ needs.

Berry states Versatex can operate in any system, it does not charge clients for services, and it can dramatically and positively affect an organization’s bottom line within a matter of six months. Specifically, he said he appreciated where Versatex was headed and that it offers a custom-tailored solution for its clients, something that is unique in the industry.

Software revolutionized the 20th century and it continues to add value to our lives in this one. But even with artificial intelligence integrations, it has severe limitations, especially as it relates to managing tail spend. Here are three myths that get to the heart of why utilizing software alone won’t help your organization realize the savings to its full potential.

As veterans in the supply-chain and procure-to-pay industry, among the other benefits we provide, we take the flashlight to organizations’ spend, dig up those savings and put them back in organizations’ hands so they can do – well, anything they want to do with them.

“Because spend analytics is a rapidly evolving space,” Jenkin told Spend Matters, “if you're not out there teaching yourself something new and staying abreast of what's going on, you're behind.”

Prioritization is necessary for any organization, but it’s especially crucial for the resource-constrained and stakeholder-dependent procurement function.

We wanted to create a space that better reflected the brand, one that was sleek and sophisticated, visually striking and user-friendly.