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spend analysis

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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

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