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

 

CHALLENGES

Understanding key issues

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.

FEATURES & BENEFITS

How our Spend Analytics software can help you

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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

"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

RESOURCES

Additional insights to help you transform

News & Opinions

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