Critical success factors for spend analytics

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Volume Title

School of Business | Master's thesis

Date

2016

Major/Subject

MSc program in Information and Service Management
MSc program in Information and Service Management

Mcode

Degree programme

Language

en

Pages

90

Series

Abstract

This is a research into the critical success factors for spend analytics. We examine which organizational and technical factors are influencing spend analytics success. Furthermore, we define spend analytics success and we are researching the factors that are behind the currently low success rate of spend analytics implementation. By means of semi structured interviews with representatives of companies involved with spend analytics, we discovered four organizational and five technical factors that influence spend analytics success, and we find data quality to be the factor that is mostly behind the low success rate of currently implemented spend analytics solutions. In addition, we develop a model for spend analytics success that can serve as a foundation for further research into spend analytics, and can provide a blueprint for companies involved with spend analytics (implementation).

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Keywords

spend analytics, success factors

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