THE VALUE OF

SPEND
ANALYTICS
Duane Tucker
Jonathan White
Director of Strategic Procurement
Director of Sales
University of Colorado
Spikes Cavell

Agenda

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

University of Colorado
58,000 Students
$6B Economic Impact
Third Largest Employer
$3.2B Budget
$923M Spend

What is Spend Analytics?

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)

What are we really spending?

With whom are we spending it?
Are we getting whats been promised for
that spend?

Data
AP Data

Procurement Card

Why Spend Analytics?

Support Strategic Programs

Transition from transactional to strategic
Sourcing
E-procurement Platform
Supplier Relationship Management

Why Spend Analytics?

Cleanse and normalize data

De-duplicate data
Collaboration
Categorize data

Why Spikes Cavell?

Relationship with NAEP and E&I

Focus on Higher Ed / Public Sector
Web-based tool
Customization
Data Transformation
Product development roadmap

How We Use Spend Analytics

Strategic Sourcing Targets

Rogue Spend
Benchmarking
Department Spend Reporting

Questions/
Comments

The Spikes Cavell Program

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.

The Spikes Cavell Program

& More

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.

The Spikes Cavell Program

Collect aggregate sources

Cleanse Data Fitness Check
Classify automatic and manual
Enrich add extra vendor info
Redact obscure peoples names
Collate merge with other datasets
Report Observatory access
Support training and guidance provided

Demonstration

Opportunities

Current Opportunities
Savings Tool
Contract Repository
Categorization Update
High Level Comparisons With
Other Agencies

Opportunities

Future Opportunities
Enhanced Quarterly Reporting
Local Categorization
Line Level Categorization
Detailed Sharing With Other
Agencies
Other Department Stakeholders
Category Management

Takeaways

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