Modernized Spend Data Analytics & Reporting
With a streamlined data processing solution as the foundation, spend analysis becomes true spend intelligence as actionable insights and transparency take center stage.
The Trouble With Analyzing Spend Data
Spend analytics can be extremely challenging to get right, because it often starts with an incomplete or unusable categorization of your spend data. And if that’s the data foundation, your reporting on that data may not only be time consuming with a lot of manual clean up, you are very likely to miss opportunities to identify future savings and value creation. You shouldn’t need to be a part-time data scientist or have a small group of expert analysts just to get ROI from spend data.
Confident Spend Analytics & Reporting
Spend analytics reaches a new level of speed, simplicity, and versatility with our robust reporting and automated visibility features. First, we make the spend data process as easy and low-burden as possible for your team, applying enrichment to further maximize your spend intelligence. Then with each data update, you get immediate insights about top areas of change and tracking against your KPIs. You can also create and share dashboards, reports, or even export the cleansed and classified data.
The Value of Our Spend Intelligence
Immediately see you what you can do to optimize your procurement strategies, supplier relationships, and cost-savings opportunities.
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Take More Frequent Action
Rich insights and report views make it easier to increase the frequency and agility of spend decisions and supplier planning.
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Speed Time to Insights
A variety of dashboard views, triggered alerts, and automated spotlights on spend changes reduce your time to action.
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Reduce Analyst & IT Burden
Significantly reduce the work to turn messy spend data into true spend intelligence. Enable regular data refreshes.
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Measure Transparently
Get a single, trusted place where spend data is accurately measured against your KPIs, with detailed drill-downs.
Key Spend Analytics & Reporting Features
Automated AI-Powered Insights
Insights are automatically surfaced to highlight major changes in your spend data such as new, diverse or increasing supplier spend, spend with preferred suppliers and rogue spend, and high fragmentation or tail spend with a category.
Pre-Built and Custom Reporting Views
Get started fast with pre-built dashboards and analytic reports, or create custom versions as needed to get the most from your spend data. Easily measure against financial KPIs and non-financial/ESG goals. Set alerts to get notified when a threshold is reached.
Sharing & Integration
Insights are automatically surfaced to highlight major changes in your spend data such as new, diverse or increasing supplier spend, spend with preferred suppliers and rogue spend, and high fragmentation or tail spend with a category.
Customer statement on G2 independent software review website
[SpendHQ’s] ability to quickly consolidate raw, unstructured data from multiple sources for rapid analysis and click-through reporting… this makes for an extremely compelling speed-to-value business case.
Get a Demo of Spend Intelligence
Learn more about our Spend Intelligence solution for its best-in-class spend data processing approach and easy-to-use interface for accessing and generating insights, benchmarks, reporting, and strategic roadmaps.
