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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Business Strategy

How to deliver world class procure-to-pay performance

According to research from The Hackett Group, accounts payable best performers operate with 62% lower costs per invoice than their peers. This indicates a significant opportunity for companies not considered best performers to make significant improvements to their operations. "AP best performers operate with 62% lower costs per invoice than their peers." Key Metrics to Determine Procure-to-Pay Process Efficiency Price per financial transaction basis Transactions per full time equivalent (FTE) Purchasing’s span of control The...

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Press Release

Procurement Software Company Xeeva Announces Receipt of Multiple AI Technology Patents

Patents Cover Unique “Imperfect” Data Management Technology Platform to Help Procurement Organizations Structure Data, Drive Results, and Reveal Savings MADISON HEIGHTS, MI, September 13, 2017 – Xeeva, Inc., a global provider of intelligent procurement software and strategic sourcing solutions announced recently the issuance of multiple patents, including US9665628 B1 and US9740979 B2, for its Virtual Data Manager and Virtual Catalog Manager capabilities. The patents cover techniques for rapidly classifying and enriching data records to improve...

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Whitepaper

Unlock the business intelligence hidden in your indirect procurement data

As a procurement leader, you want to gain a deeper understanding of and visibility into enterprise spend. This starts with having operable data to set the foundation for your procurement optimization efforts. Leverage digital technology to achieve spend visibility and uncover intelligent insights that allow you to tap into savings opportunities of up to 20%, place up to 89% of spend under management, and ultimately evolve your indirect procurement function into a strategic source of...

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