SpendMend’s comprehensive services cover a wide variety of categories within Cost Cycle Management. Whether it is Contract Management, Pharmacy or complicated Tax Analysis, our team can tailor a plan to fit your individual needs while providing additional cost savings and improved operating efficiencies.
At the core of what we do, we deliver unparalleled views into your spend data. We offer a proven suite of analytics that provide actionable insights, allowing you to make strategic decisions that save money and improve operations. We use insights from your organization and vendor landscape to help you retain more revenue. Because of our experience with commercial businesses, higher education, and large health systems - along with our elite data mining capabilities - we are able to pin point the control gaps and provide opportunities for improvement.
By understanding the entire Procure to Pay process, the use our in-depth knowledge of data, combined with a complete review of all negotiated contract terms, ensures our clients are receiving the economic benefit they deserve. As part of this review, we provide our clients with a holistic view of the supplier relationship, and provide insights to improve the contracting process. Controlling and monitoring price-changes, in addition to adhering to contract terms and conditions, challenges every organization.
Determining taxability on purchased items and services within the healthcare industry can be a confusing and time-consuming effort. SpendMend tackles the burden of navigating these extensive and ever-changing rules to identify issues, update your item master, and recover excise and sales and use tax over-payments. SpendMend’s process of analyzing 100% of all tax paid to vendors and taxing authorities will ultimately identify refund opportunities, validate that all exemptions or credits have been claimed, and will negotiate and secure tax refunds.
We return time along with recovery audit dollars to our clients. We deploy a proven 5-step process that yields more than lost revenue. Our Accounts Payable Recovery Audit provides actionable insight into improvements and root cause of the leakage.
Management of handheld wireless devices and contracts is fraught with daily headaches and challenges such as: personnel changes, rate management, and international travel. These are just a few of the challenges you face, and maybe this isn’t even your full-time job. Our wireless account management team can remove the burden of the daily hassles and provide you with clean monthly reporting of how smoothly your devices are being managed. We can even look for savings with other wireless or digital services.