The daunting process of collecting, cleaning, classifying and analyzing expenditure data from across an organization define the spend analysis process. Sifting through and summarizing underlying details of company transactions allows an analyst to read between the (transaction) lines to unveil trends and patterns otherwise hidden deep in an ERP. 

By gathering insights that reveal what is purchased by the company, from whom, and at what expense, this effort can also expose actionable options to reduce costs and obtain greater value from supplier relationships. Following through on these findings, companies can expand visibility, realize savings, implement process efficiencies, reduce maverick spending, improve forecasting, and support benchmarking. 

In a fast-paced business environment, CFOs demand measurable and actionable insight into company spend. NetSuite OneWorld provides real-time, tailored reporting based on current spend information including flexible segmentation specific to the company requirements.

To learn more about NetSuite and how it can improve your reporting, schedule an introductory call with RCP using this link: https://calendly.com/rapidcloudpartners/introductory-call.