Majority of Procurement Leaders Unable to Determine ROI of Spend Analysis, Survey Shows

London — July 24, 2009 — A majority of procurement executive do not know if and when a spend analysis solution should deliver a return on investment, according to a survey of 100 U.K. procurement and finance executives.

The survey, conducted by Rosslyn Analytics, a technology company, revealed that 51 percent of respondents were unable to determine the return on investment for spend analysis. The survey also uncovers that though procurement and finance leaders view identifying cost savings as their number one business priority, they cite the lack of data quality (34 percent) as the largest obstacle to obtaining an accurate view of their company's spend intelligence.