Strategy & Analytics

A view into all your projects and all your spend data, like never before

Strategy & Analytics

Sourcing@2x

Make analytics a breeze.

One platform and one data repository to analyze spend, track your savings, perform deep analytics and manage all procurement projects.

Advanced reporting and analytics available through internal reports that provide visibility on the entire supply chain and help provide direction on potential optimization opportunities.

Spend Analysis

Simply understand your spend and take action

  • Classification, anytime Get spend classifications every day, or whenever you want — no more spend classification by batch or via lengthy monthly refreshes.
  • Find opportunity Gather, cleanse and classify and enrich spend data to find sourcing opportunities, track compliance and fraud, measure pricing variance and much more.
  • Simple UI and no black box Use a simple UI, not a complex technical tool and get 100% transparency into the process, know exactly how an invoice is classified.
  • Intelligent classification rule Automatic proposal of classification rules based on activity/data across S2P process.

Savings Tracking

Know how your hard work is making an impact

  • Establish goals and track progress Plan annual savings goals for the sourcing team and track negotiated savings at individual, team and business unit level.
  • Aggregated view Roll up all sourcing work for an aggregated view of savings vs. the goal, even incorporating actual spend from invoices in the reporting.
  • Project management Organize a team and project manage their tasks, dependencies and timing.

Performance Evaluation

Gather and understand performance data on suppliers and buyers

  • Supplier performance Evaluate and analyze suppliers across multiple performance and risk dimensions and prevent issues before they occur.
  • Operational performance Evaluate buyers on workload, productivity, savings, cycle times and stakeholder satisfaction.
  • Campaign management Full campaign management tools to support evaluations (templates, communications, stakeholders, etc.).
  • Powerful, robust survey tool Use existing template or easily build new survey for different needs and get full data analysis on responses and participation.

Program Management

Robust project management and collaboration for all your initiatives

  • Manage the procurement pipeline Keep track of all procurement projects, initiatives and the relevant stakeholders to have a global view of activities.
  • Visibility and participation across stakeholders Enable stakeholders outside of procurement to communicate, plan, manage tasks, upload docs and track progress of projects they are involved in.
  • Direct access to information Link projects to sourcing, contracts, requisitions, orders, invoices, performance evaluations, etc. for a full view of all activities in procurement that affect the project.

Advanced Analytics

Play with your data at a deeper level

  • Configure cube-based analytics Extend and configure cube-based analytics and dashboards. Customize analytics cubes with indicators and dimension.
  • Combine data from various sources Analyze new indicators from ERP, legacy systems or 3rd party sources and combine with your procurement data.
  • Build powerful insights Construct custom dashboards for suppliers, executives, lines of business and more without deep technical skills.