What does your companies spend data tell you about your business part I

April 14th, 2023

Give SafeSourcing two weeks and we’ll blow your mind.


Today’s post is by Ronald D. Southard, CEO at SafeSourcing Inc

At SafeSourcing, it’s our passion to understand our customers spend data better than they do. SafeSpendAnalysis™ analyses and organizes accounts payable data into a view that is actionable in order to focus on savings that are deliverable immediately. Our best-in-class Customer Services team uses the output to provide a comprehensive and executable project plan to the finance and procurement teams that structures the development and completion of projects in less time and with better results.

So, what’s the focus and what do you need to provide?

Focus of SafeSpendAnalysis™

  • Address 100% of what a company spends.
  • Address all capital spending.
  • Address all cost of goods.
  • Address the entire expense category.

Data Requirements of SafeSpendAnalysis™

  • Minimum: AP list for the last 12 months
  • Include all vendors.
  • Minimum Detail: Vendor name, Address, and Spend
  • Additional Detail: Contact data, website, phone numbers

So, what do you get and how can it help? Check back tomorrow for part II.

SafeSourcing is a Procure to Pay SaaS based provider of a number of e-Procurement solutions and associated white glove services that are part of our SaaS offered SafeSourceIt™ eSourcing suite. That includes our SafeSourceIt™ Global Supplier Database that includes over 557,000 vendor/suppliers.

To learn more, please contact a SafeSourcing customer services associate.



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