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.
SPEND ANALYTICS
Spend Analytics Software
OVER 17 YEARS EXPERIENCE WORKING
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
-
Analysis and classification
Spend Analytics allows organisations to understand their data – no matter where it resides – providing greater insight into spend.
ERP compatibilityAnalyse data from any ERP or procurement system, at line level, so organisations can understand their spend on all systems.
Classifications that suit Procurement teamsAutomatically-classified data, with the ability to customise classifications, gives the clarity needed to analyse specific areas of spend.
Reduce data silosConsolidate data stored in silos across the organisation into a clean, classified data set allowing for a more in-depth level of analysis.
Customisable data setsIntroduce custom data elements, enabling Procurement teams to be more accurate when analysing their organisation’s spend.
-
Flexible reporting and analysis
Our solution is simple to use, allowing procurement teams to spend less time worrying about running reports, and more time using the results to make better and more strategic decisions.
Standard, out-of-the-box reportsWith Spend Analytics, organisations create standard reports instantly. There is no steep learning curve so understanding spend is fast and simple.
Custom reports and dashboardsWe understand that every organisation wants to analyse different areas of spend. Through fully customisable reports, we help procurement teams understand all areas of spending.
Simple to use dashboardsOur point and click interface, based on graphical dashboards, allows procurement teams to easily access and understand their data.
The right data at the right timeSchedule reports, and email or download information on demand, increasing efficiencies within an organisation’s analytics processes.
-
Customised analysis and visibility
Every organisation’s spending is different. We understand the need to analyse and control different areas of spending – and in a way that suits equally different procurement teams.
Geographical analysisSupport local supplier sourcing by analysing spend at a geographical level . Match suppliers against the ONS Postcode database to provide geographical supplier analysis.
Understand contract spendMatch spend against existing supplier contracts for improved contract compliance and better procurement efficiency.
Reduce supplier riskEnhance supplier information from Companies House to access additional insights into supplier risk and performance, benefiting from a greater understanding of the supply chain..
-
Actionable analysis and insights
Spend Analytics helps drive both tactical goals and longer term strategy, yielding instant results, while also putting in place plans to reach longer term business aspirations.
Short termQuick wins uncovered in analysis could include payment terms, purchase price variance, maverick spend, missed rebates, fraud and more.
Mid-termAnalysis includes tail rationalisation, contract negotiation, spend avoidance, sourcing opportunities and specific interventions such as Scope 3 emissions reporting.
Long-rangeAnalysis includes category management, supply chain risk, SRM, payments strategy and demand planning.
The right data at the right timeSchedule reports and email or download information on demand, increasing efficiencies within an organisation's analytics processes.
Explore our range of additional Spend Management solutions
Marketplace Software
CLOUD MANAGEMENT
Providing a business-to-business platform that enables buyers and suppliers to trade accurately and efficiently
Learn MoreTender Management
TENDER MANAGEMENT
Providing Procurement teams with clear visibility and high quality reporting of their sourcing process.
Learn moreContract Management
CONTRACT MANAGEMENT
Manage contract deadlines, service-level agreements and contract usage levels with our simple and easy to use solution
Learn More
Dedicated Support Team
24hr Customer Portal
Regular Product Updates
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
Brochure
-
News & Opinions
BLOG
// 02-08-2019
How to achieve the balancing act of spend management
by Jon Wrennall, Chief Technology Officer, Advanced
Advanced's Picks
Advanced partner marketplace gets unified Cloud ecosystem
PRESS
// 19-03-2019
The demise of the CPO as strategic importance of procurement...
PRESS
// 08-08-2018
Advanced to launch technology hub for public sector
PRESS
// 03-07-2015
