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Definition

spend analysis

Spend analysis is the process of collecting, categorizing and evaluating expenditure data, either by human hand or through software.

Spend analysis is performed by companies to increase profitability through identifying wasteful spending and flagging contracts that can be renegotiated. CPIOs and CFOs use spend analysis to help the global companies, hospitals and small businesses with whom they work. 

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Spend analysis is an important tool in healthcare

This was last updated in March 2011

SearchCompliance

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    Compliance risk is an organization's potential exposure to legal penalties, financial forfeiture and material loss, resulting ...

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    Information governance is a holistic approach to managing corporate information by implementing processes, roles, controls and ...

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    Enterprise document management (EDM) is a strategy for overseeing an organization's paper and electronic documents so they can be...

SearchSecurity

  • information security (infosec)

    Information security, often shortened to infosec, is the practice, policies and principles to protect data and other kinds of ...

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    A denial-of-service (DoS) attack is a security event that occurs when an attacker makes it impossible for legitimate users to ...

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    User authentication verifies the identity of a user attempting to gain access to a network or computing resource by authorizing a...

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SearchDisasterRecovery

  • risk mitigation

    Risk mitigation is a strategy to prepare for and lessen the effects of threats faced by a business.

  • call tree

    A call tree is a layered hierarchical communication model that is used to notify specific individuals of an event and coordinate ...

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    Disaster recovery as a service (DRaaS) is the replication and hosting of physical or virtual servers by a third party to provide ...

SearchStorage

  • cloud storage

    Cloud storage is a service model in which data is transmitted and stored on remote storage systems, where it is maintained, ...

  • cloud testing

    Cloud testing is the process of using the cloud computing resources of a third-party service provider to test software ...

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    Storage virtualization is the pooling of physical storage from multiple storage devices into what appears to be a single storage ...

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