Spend Analysis

It is not uncommon for purchasing professional to struggle with finding the answer to questions such as how much are we spending, on what and with whom, especially when they are faced with:

Incomplete and inconsistent data: Product codes, descriptions, supplier names – every character of every data line is subject to error and inaccuracy when entered, rendering simple like-for-like comparisons impossible.

Multiple, incompatible classification schemes: Whereby standards such as UNSPSC or completely bespoke schema sitting in different systems adapted different and conflicting taxonomies.

Unpredictable supplier identification: Individual suppliers are often found in systems under slightly different names, resulting in dozens of seemingly separate suppliers that are actually one and the same business.

Wax Digital Spend Analysis solutions combine service and technology to transform this impenetrable raw data into consistent, structured spend intelligence that directly drives bottom-line savings.