EmDif is expert in identifying, gathering, cleansing, grouping, categorizing and analyzing your organizations Spend data with a goal of diminishing procurement costs and improving efficiencies. We use real-time data and analytics to give you the insight you need you to save money and gain efficiency. Which helps you to make better sourcing and supplier decisions. Furthermore, it can also lead to improving compliance, reducing cycle times, and uncovering maverick spend.
We help you on the following 3 core areas:-
SPEND VISIBILITY:
It is crucial that organisations have clear visibility of what they are buying and how much they are spending. Yet few organisations have a good understanding of their spend visibility. We conduct a proper seven step Spend Analysis which gives both a detailed and holistic picture of how money is moving through your company.
SPEND ANALYSIS:
Once we cleansed and organized your data into relevant categories, your CPO or CFO to gain insights and spot trends in your current spend.
PROCUREMENT PROCESS IMPROVEMENTS:
Here you can begin to plan your process plan or implement a course correction if it is necessary. You need to use the credible data we gathered in your Spend Analysis in order to improve your processes. This data enables you to transform your procurement process from technical to strategic sourcing. How? Because its fact based, and you can use that fact based data to change behaviors and improve your decision making process.
If your goal is to bring more spend under management, conducting a Spend Analysis will help you get there. When you have fact based data, it is easier to ensure compliance, improve decision making and expose areas of your business that may not have been targeted before for reducing Spend.
We offer services which help customer in getting the best spend visibility-
- We categorize spend data irrespective of business unit with the help of description available
- We Standardize and Normalize the vendor name also provides the ultimate parent name.
- Creating multiple dashboards which will help the customer in getting insights and visibility of spending.
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