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
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.
CHALLENGES
Disparate Purchase Order (PO), invoicing and spend data within different applications makes spend analysis time consuming – often requiring involvement from multiple business units.
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.
With multiple PO, invoicing and contract systems and databases, creating one single view of all spend and supplier data is a challenge for organisations.
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.
With the need to do more with less, Procurement teams struggle to find the time to be strategic.
FEATURES & BENEFITS
Spend Analytics allows organisations to understand their data – no matter where it resides – providing greater insight into spend.
Analyse data from any ERP or procurement system, at line level, so organisations can understand their spend on all systems.
Automatically-classified data, with the ability to customise classifications, gives the clarity needed to analyse specific areas of spend.
Consolidate data stored in silos across the organisation into a clean, classified data set allowing for a more in-depth level of analysis.
Introduce custom data elements, enabling Procurement teams to be more accurate when analysing their organisation’s spend.
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.
With Spend Analytics, organisations create standard reports instantly. There is no steep learning curve so understanding spend is fast and simple.
We understand that every organisation wants to analyse different areas of spend. Through fully customisable reports, we help procurement teams understand all areas of spending.
Our point and click interface, based on graphical dashboards, allows procurement teams to easily access and understand their data.
Schedule reports, and email or download information on demand, increasing efficiencies within an organisation’s analytics processes.
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.
Support local supplier sourcing by analysing spend at a geographical level . Match suppliers against the ONS Postcode database to provide geographical supplier analysis.
Match spend against existing supplier contracts for improved contract compliance and better procurement efficiency.
Enhance supplier information from Companies House to access additional insights into supplier risk and performance, benefiting from a greater understanding of the supply chain..
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.
Quick wins uncovered in analysis could include payment terms, purchase price variance, maverick spend, missed rebates, fraud and more.
Analysis includes tail rationalisation, contract negotiation, spend avoidance, sourcing opportunities and specific interventions such as Scope 3 emissions reporting.
Analysis includes category management, supply chain risk, SRM, payments strategy and demand planning.
Schedule reports and email or download information on demand, increasing efficiencies within an organisation's analytics processes.
CLOUD MARKETPLACE
Providing a business to business platform that enables buyers and suppliers to trade accurately and efficiently.
Learn moreTENDER MANAGEMENT
Providing Procurement Teams with clear visibility and high quality reporting of their sourcing process.
Learn moreCONTRACT MANAGEMENT
Manage contract deadlines, service-level agreements and contract usage levels with our simple and easy to use solution.
Learn moreDedicated Support Team
24hr Customer Portal
Regular Product Updates
97% Project Delivery Score
RESOURCES
An overview of our complete Spend Management offering, from Cloud Marketplace to Spend Analytics.
Read brochureby Amanda Grant, Product Management Director, Advanced