Why consumption analytics is core to spend optimization?
With consumption analytics, analyze and understand actual usage to source smarter.
Remove unnecessary costs due to under usage
Requires just reworking of contracts. No sourcing required.
Avoid compliance penalties due to over usage
Minimal or no disruption to business
What is consumption analytics?
Consumption analysis help align usage patterns to optimize cost in categories including IT software & hardware, voice and parcel delivery.
Predict usage for future periods
Utilize Usage logs and Contracts with other data points for analysis
Prescribe consumption metrics based on industry benchmarks
Target specific sub categories