About Us
SpendWorx was founded by seasoned industry veterans with experience in both consulting and industry and above all a belief in providing pragmatic, results-focused solutions to their clients. SpendWorx delivers services to help organizations identify, create and maintain cost savings from improved management of procurement processes and activities. Our approach is designed to help identify high-return areas where we can quickly create measurable value and help assess and implement organizational and business-process best practices to assist in maintaining and increasing procurement value over time.
Our approach is pragmatic, flexible, and collaborative. We make it a priority to work closely with stakeholders at all levels of a client organization to ensure project success. Benefits include increased spend under management, faster time-to-savings, reduced risk and improved compliance management. Clients also like our flexible fee-structure and compelling value proposition.
Our approach is pragmatic, flexible, and collaborative. We make it a priority to work closely with stakeholders at all levels of a client organization to ensure project success. Benefits include increased spend under management, faster time-to-savings, reduced risk and improved compliance management. Clients also like our flexible fee-structure and compelling value proposition.
Spend Visibility Achieving as close as possible to 100% spend visibility by taking a system-agnostic approach to the collection, cleansing and classification of accounts payable spend data. For most organizations spend data is resident in multiple ERP and legacy systems and only a "cross-system" approach can be successful in achieving a total enterprise view of spend.
Category Management Supporting category performance management by providing analysis capability at the level of item number and description, manufacturer, quantity, unit price and other category-relevant metrics. Most spend analysis systems do a good job of analyzing spend at the vendor invoice level but very few provide the item level analysis capability critical to measuring and managing category performance.
Contract Compliance Providing a capability to report spend through incumbent vendor contracts and compliance against contracted performance metrics. Most organizations struggle to capture and report spend and compliance for their existing contracts. Collecting and reporting this information is vital to identifying and eliminating off-contract spend and savings leakage and to addressing performance compliance issues.
Market Intelligence The majority of procurement departments in companies today have little or no access to important information about the supply markets which they source from such as pricing trends, supply availability, and profitability and financial health of companies. Spend analysis providers have traditionally focused on internal procurement information but without accurate and up-to-date knowledge of external supply markets it is impossible to fully evaluate category performance, to negotiate effectively with suppliers, or to develop the most optimum sourcing strategies.
SpendWorx, named to the Supply & Demand Chain Executive 100 List, provides an integrated end-to-end solution addressing all of the above challenge areas. Delivered as a self-service web-hosted application SpendWorx provides all of the information any procurement professional needs to make smart procurement decisions.
For more information including pricing contact us here or call us at 1-800-666-8138.
For more information including pricing contact us here or call us at 1-800-666-8138.