Performing a financial analysis provides insight into anything that comes with an invoice.
Suppliers, cost categories, cost units, invoice prices, number of invoices, number of contracts, invoices without / with contracts as a source. You will receive reports and recommendations for running the ‘vendor optimisation program’. By performing a benchmark and an analysis, potential savings and necessary actions are presented. The output is a structured view of all your expenses (on a CD), which allows you to execute further analysis. A next step could be to implement a procurement toolbox. This application allows your organisation to periodically create new analyses (see also “procurement software solutions”).