The value of data is priceless. Unfortunately, many companies are unable to fully exploit this strategic asset because they lack the right level of visibility. Those that do, outperform their industry peers.
Over the years, Rosslyn Analytics has worked with hundreds of procurement and finance leaders. This has given us a unique perspective about the value of spend data. For example, we have calculated that a company with an annual turnover of $1 billion can generate in excess of $32 million in savings by obtaining spend visibility at purchase order line item level.
Watch this webinar, hosted by Nadia Law, our client services director, and Onyi Nwabia, our data scientist, and learn how you can deliver new levels of savings in days by conducting an opportunity analysis. They will also showcase five must-do deep dives every organization should be doing with their data on a regular basis:
- Assess payment terms compliance
- Investigate supplier tail end spend
- Examine Supplier Density and Rationalization
- Identify low value invoices
- Contract Spend Compliance
The value of your data is great. It’s even greater when looked at from different views. Applied creatively, you and your colleagues can generate more commercial value than originally thought.