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Spend analysis has gradually become the top process in the procurement executive's toolbox, placing itself in the top-tier of functionalities alongside e-sourcing, e-procurement and strategic sourcing solutions. Aberdeen research over the last half-decade has chronicled the rise of spend analysis and its true value within the procurement organization. Spend analysis, and the resulting intelligence gleaned from a deep-dive view into corporate spend data, has enabled sourcing groups to uncover opportunities for savings and has given the CFO a strategic advantage by utilizing this information for future forecasting and budgeting.
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