Duane Tucker
Director of Strategic Procurement
University of Colorado
Jonathan White
Director of Sales
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
• 58,000 Students
• $6B Economic Impact
• Third Largest Employer
• $3.2B Budget
• $923M Spend
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)
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What are we really spending?
With whom are we spending it?
Are we getting what’s been promised for
that spend?
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
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.
& More
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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 people’s 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
Jonathan White
Director of Sales - US, Spikes Cavell
571-313-5257 ext. 102
jonathan.white@spikescavell.com
Duane Tucker, CPPB
Director of Strategic Procurement
University of Colorado
(303) 764-3453
duane.tucker@cu.edu