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Using Your Data For Negotiations With Vendors

To maximize savings, you need clear spend data and visibility.Data analytics help uncover actionable insights for the best deals.

Using Your Data For Negotiations With Vendors

Make negotiating a key part of your business strategy

35%

of travel managers will negotiate preferred rates with travel partners.

88%

of spreadsheets contain mistakes.

5%

of organizations use expense data for negotiations with vendors.

49%

of organizations reviewed supplier payment terms in 2021.

Trends fact

49% of organizations reviewed supplier payment terms in 2021, and 20% changed suppliers based on existing terms.