Duane Tucker Jonathan White Director of Strategic Procurement
Director of Sales University of Colorado Spikes Cavell
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About CU What is Spend Analytics? Data Why Do We Use A Spend
Analytics Tool? Why Spikes Cavell? How We Use Spend Analytics
Spikes Cavell Service Demo Current and Future Opportunities Q &
A / Discussion Takeaways
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58,000 Students $6B Economic Impact Third Largest Employer
$3.2B Budget $923M Spend
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Spend analysis is the process of collecting, cleansing,
classifying and analyzing expenditure data with the purpose of
reducing procurement costs, improving efficiency and monitoring
compliance. (Wikipedia) What are we really spending? With whom are
we spending it? Are we getting whats been promised for that
spend?
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AP Data Procurement Card
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Support Strategic Programs Transition from transactional to
strategic Sourcing E-procurement Platform Supplier Relationship
Management
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Cleanse and normalize data De-duplicate data Collaboration
Categorize data
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Relationship with NAEP and E&I Focus on Higher Ed / Public
Sector Web-based tool Customization Data Transformation Product
development roadmap
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Strategic Sourcing Targets Rogue Spend Benchmarking Department
Spend Reporting
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Ideal State Solve our problem of poor quality spend data
without a lot of time and effort required by us. Make it easy to
identify opportunities to save money, become more efficient and
increase compliance. Have reliable spend data to make strategic
sourcing possible.
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& More Create a central register of your contracts. Match
spend to contracts to identify maverick expenditure. Compare your
spend with other organizations like yours. Provide local, small,
and minority business spend reporting. Record and report the
savings you deliver.
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Collect aggregate sources Cleanse Data Fitness Check Classify
automatic and manual Enrich add extra vendor info Redact obscure
peoples names Collate merge with other datasets Report Observatory
access Support training and guidance provided
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Current Opportunities Savings Tool Contract Repository
Categorization Update High Level Comparisons With Other
Agencies
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Future Opportunities Enhanced Quarterly Reporting Local
Categorization Line Level Categorization Detailed Sharing With
Other Agencies Other Department Stakeholders Category
Management
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Jonathan White Director of Sales - US, Spikes Cavell
571-313-5257 ext. 102 [email protected] Duane Tucker,
CPPB Director of Strategic Procurement University of Colorado (303)
764-3453 [email protected]