With our automated spend analysis software you can make more deliberate spending decisions, and gain instant insight into your spend analysis patterns.
Procurement teams struggle to make strategic spending decisions because spend analysis data is a complex and resource-intensive process involving spend analytics data collection, cleansing, categorization, analysis, and skilled talent. Turning chaos into order, spend analysis takes incredible effort from already overworked procurement teams.
“Truth, like gold, is to be obtained not by its growth,
but by washing away from it all that is not gold.” – Leo Tolstoy
With our spend analysis software, you can quickly gain visibility into all areas of procurement spend. From category management and regional spend to supplier performance, tail spend and maverick purchases, our platform transforms complicated data into clear recommendations. This enables teams to identify cost-saving opportunities, reduce risk and make faster and informed decisions across the business.
You can add data from any source to SpendQube. Our unique tagged data structure will allow data from disparate silos to be matched and analyzed together.
Pull data from any finance or ERP system that supports exporting of purchase data.
Accounting and GL data don’t always match your purchasing supplier data. SpendQube can pair and match equivalent fields.
Some of the data needed to provide insight aren’t collected in internal systems. SpendQube is flexible enough to match any data to your existing purchase data.
You can import any available CO2, Supplier Diversity, and other ESG data to get a holistic picture of your supplier compliance to your goals.
Take the guesswork out of ensuring your spend data is accurate. SpendQube uses 4.3 million data points vetted by procurement experts to ensure you get insights you can trust.
SpendQube is designed to help you auto-cleanse and code spend data. As you add more data it remembers previous categorizations and prevents supplier duplications.
With 4.3 million supplier data points and growing, your existing data will be auto-enriched to ensure better accuracy and insight.
Suppliers are coded to 3 levels of categorization to give you a greater depth of analysis.
During your initial setup and import of data, our procurement experts are ensuring everything is cleansed, coded, and matched for greater trust in your analysis.
Build your spend analytics dashboards to show you the information you need to make smarter decisions.
SpendQube is built to UX design best practices, presenting data to you in usable blocks, without overwhelming you with screens full of superfluous data.
Interactive dashboards and filters allow you to quickly drill down on any data point or graph to get more detail.
The dashboards are fully configurable, and filterable by any field of data, allowing you to get the exact view you need to make better decisions.
Once your SpendQube is set up by our procurement experts you’ll have full access and control to dig into data and manage users without requiring expensive services.
Our specialists will help you with mapping the supply chain, identifying vulnerabilities, developing contingency plans for potential disruptions, diversifying suppliers, and implementing risk mitigation strategies to ensure business continuity.
Our procurement experts are able to use their decades of experience to help you perform an in-depth risk analysis of your spend/suppliers and a priority list of actions to mitigate them.
Get a snapshot of your level of risk compared to other firms in your industry by leveraging our team’s industry insight
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