Jose Bustillo, Vice President, Delivery & Procurement Excellence, explains how the platform helps PepsiCo make faster, more informed spending decisions

In today’ s complex business environment, large organisations struggle to obtain clear visibility into their spend data. This challenge stems from several factors that create barriers to effective procurement intelligence.

Jose Bustillo, Vice President, Delivery & Procurement Excellence at SpendHQ, a spend analytics and performance management software provider, identifies the main obstacles companies face.

“ A common obstacle is data silos,” says Jose.“ The complexity of data structures for different organisations, different departments and different ERP systems makes extracting value from data very complicated.”

Beyond siloed information, inconsistent data formats compound the problem:“ I’ ve worked with large organisations that use Excel spreadsheets, but then have different regions and different countries using a completely different variation in data entry formats.”

Why use spend analytics?

When selecting a spend analytics solution, Jose emphasises several critical capabilities, with integration functionality a primary consideration.

“ At SpendHQ, we have more than 40 connectors and integrations with different products, including some of the largest and most used tech products available,” he explains.

Advanced analytics capabilities and dashboard flexibility are equally important. These features enable stakeholders to easily access and understand procurement information.

Jose continues:“ Solutions like SpendHQ provide data integration capabilities, advanced analytics, flexibility to create dashboards and a user-friendly interface, with a single source of truth to manage project data and spend.”

The SpendHQ-PepsiCo partnership

PepsiCo partnered with SpendHQ to address a need for comprehensive spend visibility on a global scale. Crucially, the beverage and snack giant sought a consolidated platform that employees could use with ease.

“ SpendHQ unlocks opportunities for cost savings across all regions and categories, but also optimises sourcing strategies and efficiencies within procurement teams,” says Jose.

PepsiCo is seeing numerous advantages since implementing SpendHQ’ s Spend Intelligence solution. Most notably, the company now benefits from comprehensive spend visibility through a single source of truth.