Spend Analytics
Spend Analytics
Spend Visibility: All the data you care about, right at your fingertips.
Spend Analytics is the process of aggregating, cleansing, classifying, and analyzing corporate purchasing or spend data to reduce procurement costs, improve efficiency, and monitor supplier compliance. On average, corporate procurement executives have visibility of only fifty percent of their overall spend.
Spend Analytics help organizations optimize their supply side performance by integrating data from across the enterprise, thereby enabling executives, managers, and frontline employees to make more informed and actionable decisions.
Spend Analytics is the linchpin of spend management. Spend Analytics enables spend visibility, which in turn drives insights and supports the right decisions at every stage of the spend management process.
Once a detailed spend analysis is complete, the available data allows companies to drive profitability, as well as monitor ongoing performance and risk.
This includes
- Improving processes and managing spend
- Quantifying and delivering savings
- Managing supplier relationships, recovering over-payments and managing risk.
MindStream Analytics' consultants are experts in implementing analytical solutions. We help companies make sense of complex data, allowing the organization to make smarter business decisions while gaining deeper levels of understanding and insights about their business.
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Partner SpotLight
Decisyon - Social Media Collaboration
Decisyon 360 is the first-and-only platform that unifies analytics, planning, collaboration, and process execution -- all in the same social workspace. Collaborative BI and operational performance management solutions built with Decisyon accelerate smart decision-making and transform decisions made into actions taken in real-time.