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The writing is on the wall. The complexity of managing and analyzing spend data is a brewing crisis.
The global spend analysis marketplace has witnessed hectic activity in the past year, and is predicted to increase by more than 200 percent in the next two to three years. Large enterprises have realized the complexity of managing and analyzing spend data that is dispersed within their organization. Huge investments made in electronic procurement and sourcing systems (tens of millions plus) have failed to provide the promised return on investment, while transaction spend volumes languished between 15 to 35 percent.
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