What is spend analysis in SAP (EPM-SA - SAP Spend Performance Management)?

SAP Term: spend analysis

• Component: EPM-SA

• Component Name: SAP Spend Performance Management

• Description: Analysis of an organization's total spend a summary of purchases by available dimensions, such as category, supplier, and/or business units, over a predefined time period. Spend analysis is the examination of historical purchases to understand how much an organization has spent, on what, when, and with whom.

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• Key Concepts: 
  Spend analysis is a process used to analyze and manage an organization’s spending. It involves collecting, organizing, and analyzing data related to an organization’s spending in order to identify areas of potential savings and improve overall efficiency. Spend analysis can be used to identify areas of overspending, identify potential suppliers, and compare pricing across different suppliers.
  
  How to use it: 
  SAP Spend Performance Management (EPM-SA) is a tool that can be used to facilitate spend analysis. It provides a comprehensive view of an organization’s spending data, allowing users to quickly identify areas of potential savings. The tool also provides powerful analytics capabilities, allowing users to compare pricing across different suppliers and identify areas of overspending.
  
  Tips & Tricks: 
  When using SAP Spend Performance Management (EPM-SA) for spend analysis, it is important to ensure that the data being analyzed is accurate and up-to-date. Additionally, it is important to ensure that the data is organized in a way that makes it easy to analyze and interpret.
  
  Related Information: 
  SAP Spend Performance Management (EPM-SA) is part of the SAP Business Suite, which includes a range of tools designed to help organizations manage their finances more effectively. Other tools in the suite include SAP Financials, SAP Controlling, and SAP Treasury & Risk Management.