The first step in saving money through strategic sourcing is to fully understand an organization's spending with external vendors.
Treya’s comprehensive spend analytics approach consolidates spend data from disparate sources (including Accounts Payable systems, P-cards, e-Procurement systems, etc.), accurately maps transaction level data to procurement categories, and ultimately builds a comprehensive spend profile.
The spend profile and accompanying analytics identify, quantify, and prioritize opportunities and lead to the development of a sourcing roadmap for data-driven strategic sourcing and supplier rationalization activities.
Reduce maverick spending - improve compliance with existing contracts
Bring more spend under management
Identify untapped savings opportunities from strategic sourcing