Is your organization ready to take on indirect spend?

This quiz goes through some of the key procurement strategies and technology capabilities that you need to successfully tackle indirect spend. To get your grade – just answer the questions below, tally them up, and discover if your organization has what it takes.


IndirectSpendQuiz

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If you didn’t answer yes to everything, check out our educational whitepaper to learn more about integrating AI technology into your organization and see which vital procurement strategies you can implement to start driving results now.

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Spend Analytics

The importance of managing tail spend, maverick spend, and spot buys

Procurement activities and improved spend management have always been competitive factors for an enterprise. Managing key supplier relationships and costs contribute directly to bottom-line profits. Controlling indirect spend can introduce various cost-saving opportunities and help organizations improve their operating costs. Three areas in which companies try to curtail spend management are reduction in spot buys, controlling maverick spend, and managing tail spend. Each one can be optimized to yield better results for organizations, and having...

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Award

Xeeva Awarded as the “Best Emerging Procurement AI Software Company” for 2020 by Corporate Vision Magazine

SOUTHFIELD, MI, January 7, 2021 – Xeeva, Inc., a global provider of award-winning AI-powered procurement solutions, announced today that it was awarded “Best Emerging Procurement AI Software Company” by Corporate Vision Magazine. This award is part of the magazine’s 2020 Corporate Excellence Awards, which showcases companies that provide the very best products and services to clients across a wide range of industries. Nominees are committed to innovation and business growth and are assessed against multiple criteria,...

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Procure-to-Pay

Defining spend leakage: why the traditional definition isn’t enough

We recently held a webinar with Spend Matters about ways procurement organizations can put a stop to spend leakage. Before explaining how to stop it however, it is important to define what it is – and why traditional definitions may not be enough. Read on or watch the short clip below to learn about some common definitions of spend leakage from our Chief Strategy Officer, Steve Griffiths, and our VP of Automotive Practice, Amarish Kapadia! ...

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