SPEND ANALYTICS

Spend Analytics Software

Our Spend Analytics solution gives you greater visibility into spending habits and patterns across your organisation, and in turn optimises future spend in line with your business strategy.

 

 

 

 

 

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OVER 17 YEARS EXPERIENCE WORKING
WITH PROCUREMENT TEAMS

90% TRANSACTIONS MAPPED AT LINE
LEVEL USING ARTIFICIAL INTELLIGENCE

Understanding key issues

CHALLENGES

Data disparity

Disparate Purchase Order (PO), invoicing and spend data within different applications makes spend analysis time consuming – often requiring involvement from multiple business units.

Poor data classification

Accurate classification of PO, invoicing and contract data is critical to enabling the analysis of spend data – and therefore improving future sourcing and spend decisions. However, it’s a difficult exercise for Procurement teams to undertake.

No single view of spend

With multiple PO, invoicing and contract systems and databases, creating one single view of all spend and supplier data is a challenge for organisations.

Poor traceability 

If organisations are unable to understand where they are sourcing items from, it is harder to meet sector-specific initiatives, such as the desire to increase the use of local suppliers.

Overstretched workforce

With the need to do more with less, Procurement teams struggle to find the time to be strategic.

How our Spend Analytics software can help you

FEATURES & BENEFITS

"The Trust is now in a much better position to support the financial challenges of the NHS today."

Kate Lakin, eProcurement Manager

“Since switching to Advanced, we have seen improvements in compliance, efficiency and cost savings. The take-up by academic staff has been excellent. In fact, far greater than we experienced previously.”

Anj Cooke, Head of Procurement

"The solution is a powerful purchasing tool for all staff, including researchers and academics, but also provides our procurement team with essential visibility and financial control over spend.”

Tim Brannon, Head of Procurement

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Dedicated Support Team

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24hr Customer Portal

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Regular Product Updates

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97% Project Delivery Score

Additional insights to help you transform

RESOURCES

  • Spend Management Solution Set Overview

    An overview of our complete Spend Management offering, from Cloud Marketplace to Spend Analytics.

    Read brochure
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  • Spend Analytics

    An in-depth overview of our Spend Analytics solution.

    BrochureRead brochure

News & Opinions

BLOG // 02-08-2019

How to achieve the balancing act of spend management

by Amanda Grant, Product Management Director, Advanced

How to achieve the balancing act of spend management

Advanced's Picks

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