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Spending Transparency: Sprint Nextel

Identifying where cash was being spent in real time was a key priority at Sprint Nextel, especially as its accounts payable began trending above forecast.  

While the $34 billion voice and data services provider could identify spend via its regression-based forecasting process, it could not isolate where projected overspending was occurring. “It wasn’t ‘show me the money’ so much as show me where the money is being spent,” says Jennifer Dale, assistant treasurer and director of treasury services at Sprint. “We wanted real-time visibility into where spend was occurring and how this was trending compared to the budget, rather than an analysis at month-end when the books are closed.”

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