CognifydSPEND

CognifydSPEND

Custom Taxonomy

Leverage our Industry Taxonomy Templates or define your own Taxonomy

Modular Solution

Leverage only applicable solutions for your organization and add functionality as adoption grows

Spend Classification AI

Our Spend Classification Engine is AI based to ensure your high accuracy

Comprehensive View

Connect to any of your ERP or Proprietary Sources and have a unified view of your Enterprise

Agile Start

Get up and running immediately with your Spend and Procurement Analytics and Dashboards

Competitive Pricing

Use our try before you buy and then move to a very competitive monthly pricing model

Try before you Buy

We will be glad to show you

the value of your data for free

Let’s quickly discuss get to your pain points and start showing you value that is hidden in your data.  We will be glad to get your data Cognifyd so you can see your Spend and Procurement Dashboards as well as your Spend data Classified.  Our team can get you rapidly mobilized.

  • Spend Classification
  • Spend Analytics
  • Procurement Analytics

Classify Your Spend

• Derive valuable insights from complex and unclean spend data
• Manage all corporate spend and improve data quality
• Take advantage of machine learning algorithms for a low touch solution
• Utilize built-to-fit, or built-in industry specific taxonomies

Manage Compliance and Leakage

• Manage Maverick Spend, PO Leakage, PPVs
• Mitigate instances of non-contracted spend
• Enrich your data for greater insight and risk mitigation
• Establish benchmark and compliance measures

Analyze Your Spend

• Perform spend trend analysis over many dimensions
• Perform evaluations via dynamic drill-down on spend categories
• Utilize user-customizable dashboards Identify savings opportunities

Manage Supplier Relationships

• Evaluate supplier performance
Leverage spend across business units and suppliers
• Establish insight required for improved contract negotiations
• Set the stage for more evolved procurement processes
• Enable working collaboratively with other organizations
• Perform Supplier Diversity Analysis

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