Spend Analytics

Spend Analytics is accessed though a secure, fully interactive, browser based web-interface. It provides visibility and clarity of an organisations procurement performance and detailed insight into actual business activity.

Through the benefit of pre-defined metrics and measures, information is summarised into a Procurement Scorecard. This creates, manages and delivers your organisation’s Key Performance Indicators.

Spend Analytics enables procurement professionals to identify direct cost savings through the key procurement data but also importantly, to identify process improvements through the deployment of more effective procurement strategies. For example optimisation of invoice processing and reduction in the quantity of low value invoices.

Spend Analytics provides “out of the box” metrics and measurements for everything from contract v non contract spend, percentage of invoices matched first time, category spend analysis, identification of differential prices for the same product or service and purchase cycle times.

Visibility

One of the biggest challenges of bringing data together from disperse systems is the effective optimisation of that data for reporting and analysis and also the consolidation and translation of data. For example, the same supplier may be used in multiple systems but may not always be referenced by the same supplier code (or even name) the same applies for category of spend.

The Spend Analytics solution provides a single data mart which is optimised for reporting and analysis and also provides the datatranslation tools which will consolidate appropriate data such as supplier and spend category as part of the import routine, ensuring that users are always viewing consolidated and accurate data.

Rapid return on investment

Spend Analytics provides a rapid return on investment based on the following:

Spend Analytics come pre-packaged with over 25 metrics, 100 measures and 30 standard reports. The Spend Analytics solution is designed based on procurement best practice and comes with the most common measures and reports pre-defined. This frees up more time for procurement professionals to concentrate on the drivers unique to their organisation and drive more value from the system.

Low implementation resources - The unique design of the system requires much less implementation time than traditional business intelligence projects. By utilising its plug and play capability this leads to a much quicker return on investment.

Eliminate Risk & Disruption – The Spend Analytics solution is able to map to your existing systems or simply to spreadsheets if required. The prepackaged nature of the application provides a lower cost of ownership and is part of a dedicated development roadmap.

Getting started

For more information on Spend Analytics, download the fact sheet.