

Going Beyond Traditional Spend Analytics to Identify Risks and Drive Change
PayPal co-founder Max Levchin once said, “The world is now awash in data and we can see consumers in a lot clearer ways.” What Max did not mention is that thanks to all this data, companies can now see their suppliers in much clearer ways, too. This begs the question, is your procurement department making the most of all your data? For twenty years we’ve been collecting, cleansing, and classifying spend data to produce the traditional “spend cube” as illustrated below. This h