Spend Analysis Automation: Current State

Effective spend analysis relies on accurate data from numerous sources. Automation for spend analysis and data cleansing can not only yield more accurate results but also decrease the time and cost of these activities. Yet organizations should not overlook the importance of establishing solid data management and governance practices.

The use of robotic process automation can save an organization time and money when conducting spend analysis. The increased accuracy resulting from automation supports more accurate forecasting and procurement decisions.

The infographic below shows the degree to which organizations have automated their spend analysis and data cleansing activities.

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