This visibility helps the procurement team make“ faster, data-driven decisions by having quick access to insights, spend trends and spend patterns,” according to Jose. What previously took weeks now takes minutes, improving productivity and reducing cycle times for identifying risk or cost-saving opportunities. The platform also facilitates better alignment between procurement activities and broader business objectives. Jose notes:“ It’ s easier to align how procurement adds value to the business objectives as a whole.”
Lauren Hymen, Vice President for Strategy and Transformation at PepsiCo, calls the partnership with SpendHQ“ transformative”, adding:“ SpendHQ provides us with comprehensive spend visibility on a global scale, allowing procurement associates to access critical data with just a few clicks.
System integration
As mentioned, SpendHQ’ s ability to integrate with existing systems provides significant advantages, connecting with multiple ERP systems and other technology providers.
“ Having the capability to integrate with multiple systems provides seamless data flow across all systems and reduces manual processing and reporting,” Jose explains. This integration capability offers both flexibility and scalability.
“ We are built for collaboration and it’ s critical for companies to look into how seamless data flows work, especially with complex data,” Jose concludes.“ In the long term, that’ s going to help close a lot of pain points. It will increase adoption, improve process alignment and bring scalability and flexibility benefits to the organisation as a whole.”
“ By leveraging SpendHQ’ s advanced analytics platform, we can identify spending patterns, track expenditures, and unlock opportunities for cost savings across all our procurement categories.”
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Lauren Hymen Vice President for Strategy and Transformation at PepsiCo
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