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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Whitepaper

The procurement leader’s guide to tackling indirect spend

A playbook for finding savings and expanding value Despite the fact that it can make up as much as 15% of the annual revenue for most businesses, indirect spend is often viewed as merely a back-office function. What’s more, ignoring indirect spend could lead to missing out on its hidden savings potential. In this guide, procurement leaders will discover how to optimize indirect spend in order to impact their organization’s bottom line. What you’ll learn:...

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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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Press Release

Xeeva Acquires Ann Arbor, Michigan Based Kontextual, Inc.

MADISON HEIGHTS, MI, December 11, 2014 – Xeeva, Inc., a global provider of next generation, intelligent procurement solutions, today announced that it has acquired Kontextual, Inc., an innovator in social business software. Kontextual was created to help companies build transparent, metric-driven cultures through its platform that combines personalized dashboards, collaboration spaces, and 24/7 virtual status meetings to make it easy to share information across the enterprise. Together with Xeeva’s source to pay technology, the Kontextual...

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