Every Chief Procurement Officer (CPO) recognizes the value of better business intelligence for indirect spend. A CPO must be able to effectively identify and act upon patterns in spend data in order to make fully informed decisions and uncover additional strategic sourcing opportunities. Accelerated growth in available corporate data and data sources, as well as the need to successfully integrate external data, has proved challenging for many CPOs trying to optimize their company’s spend. Low spend visibility can result in less collaboration among procurement team members, and limited access to complete and properly classified information. At a time where procurement departments are under more pressure than ever to cut costs, there’s little room for poorly managed spend – or worse, making critical business decisions based on inaccurate data.
The Perfect Solution
- Improve spend insight
- Gain deeper understanding of suppliers
- Improve supply chain management
- Better anticipate risk
- Increase real-time collaboration
PerfectAnalyze, our spend analysis solution, gives you the spend visibility you need to drive cost control, make more-informed decisions, and stimulate new levels of collaboration within your organization. PerfectAnalyze allows you to drill down every category of spend; enabling a deeper understanding of suppliers and more spend management throughout the supply chain, as well as the ability to better anticipate potential risks and further identify strategic sourcing opportunities.
State-of-the-Art Reporting and Dashboards Our robust reporting and customizable dashboard capabilities empower you with greater spend visibility and can help you generate reports on your source-to-contract and procure-to-pay processes in real-time. In addition, our ad hoc reporting module allows you to evaluate and act on daily, weekly, monthly, and quarterly spend patterns – offering a timely and effective solution to maximizing both departmental and enterprise-wide spending. Key features include:
- Easy-to-use, flexible, ad hoc reporting
- No enrichment boundaries
- Benchmarking capabilities by commodity
- Drag-and-drop report builder
- Interactive charts, graphs, and tables
- Online and real-time sorting, filtering, and collaboration
- High-level and drill-down capabilities on all spend categories