Organizations can never have a good strategic sourcing plan, if they do not know three things about their spend data
a) What am I purchasing?
b) With whom am I purchasing?
c) How much am I purchasing?
Also, dependency on crude solutions like excel can expose your organization to greater risk and you may also lose out on opportunities which are hidden deep within the complex web of your spend data.
Star Portal, in partnership with Ariba Inc., the world’s largest spend management company, offers an easy to use yet effective solution to extract, organize, cleanse and classify your company’s spend data into proper spend buckets to get maximum visibility into your spend patterns.
The solution is flexible enough to pick up spend data from any system, in any format. Once done, it delivers results in the form of comprehensive reports where you can quickly identify savings opportunities and make informed strategic sourcing decisions.