Executing sourcing strategies based on the most reliable expense data is a powerful lever for procurement teams. Spend data which is easy to access and manage, available on desktops and mobile devices, is a critical enabler provoking thoughts and ideas about your approach to your company’s expenses. Providing your stakeholders fingertip access to spend within their control, will enhance collaboration and earn you the buy-in you need to be most effective in managing expenses. This presentation will demonstrate the benefits of data visibility employing interactive dashboards supporting: procurement strategies built on irrefutable facts, executive readiness to champion/sponsor sourcing initiatives, finance staff and other responsible parties’ ability to spot budget variances early and react, and the ability to close policy gaps including future policy rationale.

Contributors: BNY Mellon
Categories: 2013 Nov 13 - New York City, Symposium
SRC Type: Benchmarking and Analysis, Performance Management, Procurement Operations, Sourcing Management