Spend Analysis: Understanding What You Pay For, When, and Why
Brought to you by CFO Learning
Finance departments work diligently to understand their organizations' financials and develop improvement tactics to help sustain and grow their companies. They frequently cooperate with accounts payable, among other departments, to report where money is spent. While these reports most likely include the amount of funds and in which category they were spent, this data doesn't provide important metrics that reveal spending patterns and possible savings solutions.
This Webcast will review how an in-depth spend analysis can help provide insight into how organization monies are spent, including goods and services, taxes, late fees, surcharges, and more.
By attending this Webcast, you will:
- Understand the basic steps and principles of an organization-wide spend analysis;
- Discover who the important stakeholders are during the process;
Determine the appropriate timeline and frequency of a spend analysis and when during the fiscal year one should be conducted;
- Review a sample spend analysis and how it was conducted; and
- Learn how to interpret a spend analysis and define appropriate goals for improving financial health.
This Webcast does not currently offer the opportunity to earn continuing professional education (CPE) credit. We invite you to stay tuned to CFO.com for future Webcasts that will offer attendees opportunities to earn CPE credit.
For inquiries or complaints concerning this Webcast, please call (888) 250-5719.
About the Presenter As a Senior Project Manager with Source One Management, Jennifer Ulrich collaborates with internal resources, suppliers, and customers to streamline operations, reduce costs, and create value. Ulrich's primary functions at Source One include managing the day to day interaction with clients, suppliers, and a team of project managers and analysts to ensure project goals and timelines are met. Ulrich was a contributing author of Managing Indirect Spend: Enhancing Profitability Through Strategic Sourcing, published by John Wiley & Sons in 2011, and is a regular contributor to the Strategic Sourceror blog and ThomasNet's IMT Procurement Journal. Ulrich also has a regular column in Source One's monthly newsletter titled In The Trenches.
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