THE 2024 TOTAL SPEND MANAGEMENT BENCHMARK REPORT

The 2024 Total Spend Management Benchmark Report

Nearly every company is susceptible to the margin erosion zone. It’s emerged from macroenviroment pressures and internal inefficiencies, and it stands firmly between how a company survives today and how it needs to perform to stay viable and create profitable growth. Every day, that zone becomes wider. Breaking free and stopping margin erosion forever can seem insurmountable.

A business’s staying power depends on how well finance and procurement leaders can apply advanced technology and re-imagine processes to gain margin multipliers – even when faced with external pressures. They’re asking questions such as:

  • Are we controlling costs with precision to increase cash flow and improve margins?
  • Where can we free up more money?
  • Which suppliers can offer the right combination of price, speed, and sustainability?

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