Spend and Procurement Analytics
Increase visibility into your corporate procurement and spend processes including supplier performance, direct and indirect spend patterns, cost savings opportunities and other industry leading KPIs.
Improved Spend Management with Smart Spend Analysis
Supplier overview
- Supplier Rationalization Analysis
- PO vs Non PO Spend
- Supplier Diversity Analysis
- Supplier Leverage Analysis
Spend Profile
- Spend trend analysis
- Top N analysis of cost center and category
- Top N analysis of suppliers
- Spend by regions and business units
Compliance and leakage
- Maverick Spend
- PO Leakage Analysis
- PO vs Non-PO Spend by Suppliers and Categories
- Purchase Price Variance
Benefits of Procure and Spend Analytics Solution
92% of CPOs want to identify Cost Reduction opportunities
Increase Compliant Spend which is usually as
low as 40% to 60%
low as 40% to 60%
Typically, ROI is achieved within 6 o 8 weeks
of having detailed level spend visibility
of having detailed level spend visibility
Customers of Spend Analytics solutions are
able to negotiate additional 6% to 12% of
discounts on contracts
able to negotiate additional 6% to 12% of
discounts on contracts
Go the Extra Mile
Scheduled Indicators
Broadcast your Key Indicators in a scheduled basis to make timely decisions.
Free Additional KPIs
Get additional KPIs specific to your business developed for free.
Data Enrichment
Integrated with external sources to enrich your internal data.
Integrations
Cognifyd Spend Analytics can be fully integrated with all major ERP Cloud and On Prem Applications. Integrations can also be enabled for Industry specific and custom in-house ERPs.
