PerfectAnalyze: Spend Analytics Tool
- Building Your Spend Dataset
- The Analysis
- Which vendors are getting the most spend?
- How many vendors are we doing business with in a particular category?
- Based on historical spend, cost indicators, and available benchmarks…how much should I have spent?
- How does one departments spend compared to others?
- Where is there rogue spend that goes outside of our established processes?
- Which spend categories will yield the highest returns?
We take your raw data from your Accounts Payable systems, PO Management system, vendor feeds (and others), cleanse it, enhance it, and transform it into a reliable dataset. This forms the baseline for future analysis.
Our tools then allow you to answer the questions you most want to answer:
- When you’re able to answer these questions, your team can finally:
- Improve use of preferred vendors.
- Identify high-return sourcing opportunities to better manage purchasing resources.
- Empower negotiators with accurate vendor spending information and trend data.
- Better understand spend in key categories with detailed commodity reports.
- Increase contract compliance at a line-item level.
- Measure savings program success and identify areas for continuous improvement.