Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Spend Analysis

Spend Analysis is the collection, categorisation, allocation and understanding of expenditure data from all relevant sources.

It's a precursor to establishing improved controls over those costs.

Spend Analysis can be used to answer some of these questions including: 

  1. Who is spending and on what?
  2. What is the total controllable third-party expenditure in your business?
  3.  Are any business units buying the same goods at different rates? 

Gatekeeper helps businesses to answer these questions with its Spend Module. 

You can import spend data from other areas of the business and other systems including Netsuite and Salesforce. 

The dedicated Spend Dashboard allows you to  centralise your data, visualise it so you can identify trends and create in-depth reports.