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Spend analytics offers huge benefits during a crisis and beyond

Published by Corcentric

Knowing what you spend, when you spend, and where you spend it is vital information for every business. What you do with the data can provide both long-term and short-term value…if you know how to use it. That requires a much greater alignment between procurement and finance than many companies currently have.

During times of disruption, like we are experiencing now, the ability to access and optimize data is increasingly important, not just for Procurement but for the entire organization. However, in looking reactively at the short-term crisis, CFOs may be overlooking the value of spend analytics to the organization’s future performance.

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