The Need for Visibility in Spend Analysis

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Visibility into enterprise spend is only as useful as the analysis applied to it. To derive full value from spend visibility, procurement officers must deploy a mix of analytical capabilities.

Business

© BravoSolution - All rights Reserved CONFIDENTIAL
11/15/2010
Best Practices In Sourcing:
Use Spend Analysis to Gain the Visibility that
Drives Higher Performance

© BravoSolution - All rights Reserved CONFIDENTIAL
The Formula for Sourcing Success
Visibility + Spend Analysis + Process

© BravoSolution - All rights Reserved CONFIDENTIAL
Visibility: Key to Best-in-Class Spend Management
»Today’s economic conditions require nothing less
than best-in-class spend management
»Visibility into enterprise-wide spend is critical for
procurement departments
»Spend analysis delivers the visibility needed to:
»Drive strategic planning
»Refine operational focus
»Improve business results

© BravoSolution - All rights Reserved CONFIDENTIAL
Spend Analysis Answers the Key Qs:
»How much am I spending?
»Who am I spending it with?
»In which categories do I spend the most?
»Where are my opportunities for saving more
money?
»Can I achieve better terms of service?

© BravoSolution - All rights Reserved CONFIDENTIAL
With Spend Analysis You Get
»Increased savings
»Lower compliance risk
»More spend under management
»Better decisions made with great knowledge and
context

© BravoSolution - All rights Reserved CONFIDENTIAL
Contact Us
»33 N LaSalle St
Chicago, IL 60602
Phone: +1 312-201-9600
Fax: +1 312-201-9700
»For more information on BravoSolution’s spend
analysis tool, visit BravoSolution.com.

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Insurance IoT is a social good! Because: 🔵 Expected losses can be reduced structured programs with both real-time mitigation actions to solve a specific situation, and behavioral change mechanisms to promote safer behaviors (both in personal and commercial lines) 🔵 Rate can be matched to risks better: - Smaller and more accurate pricing clusters allow a large part of profiles to receive a lower rate - Even with the ability to price the individual probability of loss (cluster of one) the insurance foundation isn’t canceled (The risk of each policy will contribute to the expected losses of the portfolio; The premiums paid by many lucky policyholders will be used to pay the claims of the few unlucky policyholders who had an accident in a period of coverage) 🔵 IoT data can be used to increase the effectiveness and efficiency of the claim process, so improving the combined ratio ceteris paribus ⏩ Large part of the policyholders will pay less (and portfolios currently difficult to insure will become more insurable) Insurance IoT (and telematics) is not about providing a discount Insurance IoT (and telematics) is about creating economic value using the data and sharing part of this value with policyholders (and agents & brokers) An integrated holistic adoption of the IoT paradigm is a game changer for your insurance business and a social good: ◾ it allows to improve the availability and affordability of insurance coverages ◾while allowing the sector to write a profitable business Below you can enjoy a selection of best practices in both personal and commercial lines - written with some of the IoT Insurance Observatory members - that have already started to obtain results from their IoT business transformation journeys

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From their humble beginnings in 1984, TED has grown into the world’s most powerful amplifier for speakers and thought-leaders to share their ideas. They have over 2,400 filmed talks (not including the 30,000+ TEDx videos) freely available online, and have hosted over 17,500 events around the world. With over one billion views in a year, it’s no wonder that so many speakers are looking to TED for ideas on how to share their message more effectively. The article “5 Public-Speaking Tips TED Gives Its Speakers”, by Carmine Gallo for Forbes, gives speakers five practical ways to connect with their audience, and effectively share their ideas on stage. Whether you are gearing up to get on a TED stage yourself, or just want to master the skills that so many of their speakers possess, these tips and quotes from Chris Anderson, the TED Talks Curator, will encourage you to make the most impactful impression on your audience. See the full article and more summaries like this on SpeakerHub here: https://speakerhub.com/blog/5-presentation-tips-ted-gives-its-speakers See the original article on Forbes here: http://www.forbes.com/forbes/welcome/?toURL=http://www.forbes.com/sites/carminegallo/2016/05/06/5-public-speaking-tips-ted-gives-its-speakers/&refURL=&referrer=#5c07a8221d9b

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The Need for Visibility in Spend Analysis

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The Need for Visibility in Spend Analysis

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