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Spend Analytics
Not enough information on your current spend?
Spend data constantly accumulates every time an end user makes a purchase and if nothing further is done with this data, then it can become unorganised and inaccessible, making it hard to extract any real value from this information.
How can it help you?
Understanding your organisational spend is fundamental to the success of any procurement operation. When you can understand who is buying, what you are buying and from which suppliers at the touch of a button, then you can get real insight, gain control and can drive better buying decisions.
With our solution, you aren’t limited to only analysing data from our solutions – we can include data from any ERP/procurement system, providing you with the full picture
Benefits
Measure your performance
Up to date information at your fingertips! Schedule reports, email or download information as required. Optimise your procurement.
Add some intelligence
Multiple Data sources can be brought together, by line item spend, and by using Artificial Intelligence, we can add additional value to your data, giving you the ability to make informed decisions. Imagine 95% of your data by volume automatically classified and ready for you to investigate and finally make those strategic decisions that make a difference.
Our team is on hand to help
Advanced has experience across many different sectors and works with many varied organisations, so we can bring our learning and experience to your organisation to benefit you. We have years of working with spend data. We also have experience of analysing millions of pieces of data on a daily basis – let us take the strain!
Key features
- On- and off-contract spend visibility
- Savings opportunity sign-posting
- Scheduled dashboard email distribution
- Spend visibility down to invoice line item-level detail
- Powerful, customisable spend mapping rules
- Full Category Management support
- Supports multiple category classifications per supplier
- Accurately assigns supplier spend to the correct contract
- Drag-and-drop dashboard builder
- Exception reporting and alerts
"Advanced has an excellent reputation across the sector and having multiple products from the same supplier means that our IT systems are more integrated, which saves us considerable amounts of time and therefore money."
Read how we partner with some of our customers
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