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 is a premier consulting and application
managed services firm dedicated to helping clients enable
better decision-making. With over a decade of experience in
the analytics and Enterprise Performance Management (EPM)
space, MindStream offers customers business intelligence and
analytics tool selection, predictive modeling development, EPM
design, and delivery optimization, and best practices for
financial planning and budgeting. MindStream guides our
customers to solutions that enhance business modeling that
enables better analysis and insight into their data.
MindStream can work with your team to provide a detailed Spend
Analytics Roadmap. The roadmap offers a detailed path of how
to gain insight into your data no matter the number of legacy
systems. By integrating supplier and product data, it provides
users with a complete view spend, outlines how to leverage
existing ROI, and helps determine what tools are needed for
harnessing your organization's data constraints.
Contact MindStream Analytics
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Partner SpotLight
OneStream CPM
OneStream XF aligns to your business needs and changes more quickly and easily than any other product by offering one platform and one model for all financial CPM solutions. OneStream XF employs Guided Workflows, validations and flexible mapping to deliver data quality confidence for all collections and analysis while reducing risk throughout the entire auditable financial process.