Spend Analysis Process:
Extraction
Collect all your procurement data from multiple enterprise systems
Validation
Automate the profiling and correction of erroneous procurement data
Cleansing
Improve data quality by eliminating redundant information
Enrichment
Enhance data with corporate parent / child relationships, supplier indicators and contract compliance
Classification
Categorise spend data into a standardised hierarchy of categories (UNSPSC, ANZSIC, customer-specific)
Management
Enables users to manage classification rules to achieve greater accuracy
Reporting
Online access to standard or customer specific reports
Analysis
Identify savings opportunities and monitor compliance using a multi-dimensional analysis console