Spend analysis and reporting
Understand the distribution of spend to maximise savings with Spend Analytics.
Introducing Spend Analytics—a powerful tool designed to enhance your procurement strategy by providing comprehensive insights into your organization’s spending patterns.
Enhanced spend visibility: Achieve a unified, accurate view of expenditures across all data sources, business units, geographies, languages, and currencies.
Data-driven decision-making: Leverage real-time analytics to identify cost-saving opportunities, manage supplier relationships, and proactively address procurement challenges.
Risk mitigation: Detect inconsistencies and potential risks by comparing payment types and terms across global, site-specific, or departmental levels.
Supplier optimization: Map spend and payment terms per supplier to identify direct or indirect spend risks, ensuring optimal supplier utilization.
AI-driven data cleansing and categorization: Enhance data accuracy and reduce manual efforts through automated data cleansing and categorization.
Comprehensive dashboards: Access pre-configured dashboards that offer a holistic view of spend data across your supplier base and multiple categories.
Carbon accounting: Measure, report, and understand Scope 3 emissions to advance your decarbonization and sustainability strategy.
Seamless integration: Utilize prebuilt custom data connectors and Excel integration for efficient data analysis and reporting.
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