In any business, it pays to keep a close eye on every dollar making its way out the door. For startups and growing businesses, this is even more crucial. Youβll have a much harder time hitting your quarterly targets if youβre losing money to inefficient or irregular spending. This is where spend analysis comes in. By taking a deep and detailed look at your spending, you can identify trends and patterns you wouldnβt be able to see otherwise. Once you understand these trends, you can save your business a lot of money. You will be amazed to know that Excel can help a lot in *Effective Spend Analysis* for any organisation.
π Why Control on Spend is important for any organisation
π How spend Analysis will help to raise its bottom line
π Let's Understand it with Data
π Let's build a tool/Dashboard to analyse data in different way
π How to anaylse data based on customized key words
π Top N no.of Products value wise / Qty wise
π Top N no. Products based on Values
π Analysis of average cost of same item with different vendors
π How to find duplicate invoices/payments
π How to find fradulent spending
π A dashboard with interactive parameters:
π Question and Answer