Maturity Model Quiz

Spend Management Maturity Quiz

How much visibility, control, and leverage do you have over your spend?
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Take this quick 5 question quiz to understand what stage you're at in your spend management journey, and get actionable next steps you can take to mature your spend management strategy and drive efficient growth.

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What best describes your level of visibility into your company's spend?Select One

Limited

Our contracts are not stored centrally.

Basic

Majority of contracts are centralized in a Shared Drive or CLM.

Proactive

All contracts stored in Contract Mgmt Solution with financial risk audit capabilities.

Advanced

Contract, Spend Request, and ERP data integrated in one solution for a 360 view of spend.

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What best describes your current renewal process?Select One

Limited

Suppliers always initiate the process. Surprise auto-renewals pop up regularly.

Basic

Suppliers frequently initiate the process. Some auto-renewals sneak through.

Proactive

Renewal alerts set up for all subscriptions. Stakeholders manage large renewals proactively.

Advanced

Renewal risks proactively flagged. Initiate renewals 3+ months in advance.

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What best describes your current intake & approval process?Select One

Limited

No intake process in place.

Basic

Spend request & approvals via email, Slack, Project Mgmt Tool etc.

Proactive

Dynamic intake & automated, cross-functional approvals via purchasing tool.

Advanced

Workflow consolidation via integrations and automation.

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What best describes your level of control over the purchasing process?Select One

Limited

Purchasing is ad hoc and Finance often involved at the last minute or not at all.

Basic

Enforcing spend policy - mixed adoption and late involvement from Finance.

Proactive

Enforcing spend policy by Exec team - strong adoption by teams who involve Finance and Procurement mid-way.

Advanced

Process enforced - “No PO, No”; Process reporting leveraged to improve CSAT.

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What best describes the amount of leverage you have when it comes to SaaS negotiations?Select One

Limited

Limited negotiation acumen. Leverage colleagues and peers for pricing benchmarks.

Basic

Negotiation know-how from previous companies. Leverage internet and private communities for pricing benchmarks.

Proactive

Invest in price benchmarks & negotiation data.

Advanced

Procurement category experts are developing and executing the highest impact negotiation strategy.

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