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Spend Analysis Solution Selection: What to Look for in Software and Services (NLPA)
Tuesday, July 28, 2015, 11:30am - 12:30pm
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As the author penned in Spend Visibility: An Implementation Guide, "Almost any attempt by an organization to analyze spending patterns is likely to be fruitful, especially if there hasn't been a serious prior attempt. It is easy to find thousands of breathless testimonials about a particular product or method – independent of the quality of the product or method – because almost any product or method will find savings if a spend visibility initiative has never been launched before. "In the land of the blind, the one-eyed man is king."
This simple fact has confused end-user organizations and analysts for many years. In fact, it has convinced most spend visibility vendors (and most analysts) that spend visibility is a fundamentally simple process of mapping Accounts Payable spend, and then drilling for dollars.What is not so obvious is that this initial burst of savings is short-lived; and that many of the ‘quick saves’ that result are unsustainable."Especially if an organization does not select the right solution in the beginning that will allow it to define, and implement, a strategy that will allow it to identify continued savings year-over-year after the initial burst of savings are captured.This webinar will focus on helping an organization identify:
a) whether it should pursue a software, services, or combined offering; and
b) key features of a spend analysis platform for year-over-year success;
c) critical requirements for a successful services-based approach; and
d) what to look for in a hybrid solution that will allow an organization to migrate from services-based to software-based.
This webinar will be conducted by special guest expert, “the doctor” – Michael Lamoureux, Ph.D, Founder of Sourcing Innovation.