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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.

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Using Your Data For Negotiations With Vendors

Make negotiating a key part of your business strategy

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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.

see the infographic