What is Spend Analysis?

Identify and prioritize savings opportunities, mitigate risk and ensure compliance with accurate, timely visibility into all spend data

See Ivalua's Solutions for Spend Analytics in Action

What is Spend Analysis?

Effective Spend Management starts with accurate, actionable information – spend visibility is the critical first step. Spend Analysis Software improves data quality and identifies valuable opportunities for you to gain insight into your business. It supports cost reduction initiatives that benefit your business long term using preferred suppliers.

Yet disparate data sources, missing or inaccurate classifications, duplicate supplier records with various spellings and a range of other issues remain a major obstacle at most companies. Ivalua Spend Analysis delivers the spend classification, supplier normalization and enrichment and reporting to address these issues. Gain control over your enterprise-wide spend data and empower your team with the insights they need to make more informed decisions,faster.

Discover Ivalua’s Spend Analysis Software

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What are the Benefits of Spend Analytics?

  • See exactly what you purchased and from which suppliers
  • Quantify, validate and prioritize savings opportunities
  • Power your strategic sourcing program with a robust sourcing pipeline
  • Identify maverick spending
  • Simplify procurement processes
  • Track compliance and fraud
  • Improve compliance and spending patterns
  • Identify price variance and other “quick-hit” opportunities
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Advanced reporting and analytics available through internal reports that provide visibility on the entire supply chain and help provide direction on potential optimization opportunities.

Ready to Manage All Spend & Suppliers with No Compromises?

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