ART - GovPro: Adding Value and Driving Performance with Spend Analysis 2010

The document discusses the importance of spend analysis in procurement and the challenges faced by the public sector in this area. It highlights the findings of a research study by Aberdeen Group, which shows that public sector organizations lag behind top-performing enterprises in terms of spend analysis automation and performance metrics such as spend under management, sourcing cycle time, cost savings, and contract compliance. The document emphasizes the need for public sector organizations to strengthen their spend control using automated spend analysis systems. It outlines the functionalities of such systems, including automated data collection, standardized reporting, and automated data classification and cleansing. The document concludes by recommending actions for public sector organizations to improve their spend analysis processes, such as automating core processes, enriching spend data, and standardizing reporting structures.