Spend Analytics Software: Control Spending and Drive Profits
Corporate procurement managers need visibility into their overall spend. Spend Analytics Software
speeds the process of aggregating, cleansing, classifying, and analyzing corporate purchasing.
Many companies are looking to better control their cost of goods sold (COGS) and Operating Expenses
(OPEX) visualize their spend data to reduce procurement costs, improve efficiency, and monitor supplier
compliance. More and more companies turning to solutions such as Coupa, SpendHQ, ProcurePort, ProActis,
and Procurify to control spending.
Spend Analytics Software is meant to help organizations like yours 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.
The discipline of Spend Analytics is the linchpin of spend management. It is equally important to have
visibility to determine if vendor shopping or vendor discounts can be taken advantage of. Using these
software packages enables this, which in turn drives insights and supports the right decisions at every
stage of managing your operating expenses.
Once a detailed spend analysis is complete, the available data allows companies to drive profitability,
as well as monitor ongoing performance and risk.
- Improving processes and managing spend
- Quantifying and delivering savings including vendor discounts
- 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, 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 you.
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Spend Analytics - uncover the hidden
treasure in your data and learn 12 things you
can expect with improved spend visibility!