Spend analysis software tracks corporate spend and identifies trends that may impact spending. This type of software consolidates information on procurement spending for raw materials, accessories, or services. Spend analysis software provides companies with visibility into procurement information and enables managers to reduce unnecessary spending. This type of software is used by procurement professionals and by accounting departments.
Spend analysis software should not be confused with expense management software, which focuses exclusively on employee-related work expenses. Spend analysis solutions can be delivered as a separate product or included in spend management software or supply chain analytics technology.
To qualify for inclusion in the Spend Analysis category, a product must:
SpendHQ is a faster, simpler way to achieve true spend visibility - for procurement leaders who know they aren't seeing the whole picture. Designed from the ground up by top sourcing experts, it bypasses months of ERP integration, strips out all the unnecessary functionality, and finally solves the problem of bad data. This SaaS tool features the industry’s most intuitive user interface and has US-based procurement specialists handling the data optimization. With SpendHQ at their fingertips, clients ranging from Fortune 500s to mid-market companies are finally able to see their spend clearly and drive savings confidently.
THE PROCUREMENT EMPOWERMENT PLATFORM Ivalua’s Platform is uniquely designed for agility, performance, and scale. Built on a single code base and data model leveraging a configurable cloud infrastructure it fundamentally alters what Procurement & Supply Chain leaders can achieve. Unmatched flexibility -Best-in-class is not one-size-fits-all. -Easy configuration is a core principle of the Ivalua platform. -Meet your users’ needs, from custom UI and workflows to new forms and fields. -Collaborate with suppliers and other stakeholders by tailoring processes to their needs. Welcome to the Configurable Cloud The Ivalua Platform is built on a configurable cloud. An industry leading cloud environment that allows you to scale up or down and be assured of the highest security and performance standards, no matter where or what device.
SMART by GEP is a unified source-to-pay (S2P) procurement software that brings end-to-end procurement functionality for both direct and indirect spend management into a single, cloud-native platform. It features a comprehensive range of procurement tools built into one unified procurement system; eliminating the need for separate, stand-alone software, modules, or tools for managing specific functions. SMART by GEP helps streamline the end-to-end procurement process, accelerating digital transformation, elevating your procurement team’s performance to a whole new level, and enhancing its strategic reach and impact on the business. By unifying the complete range of procurement software functionality into a single platform, SMART by GEP becomes the single global procurement solution for all users — delivering incisive procurement analysis and decisive insights to the CPO, full category-wide control to sourcing managers, and immediately-available catalogs and “consumerized” ordering to buyers. Features of the SMART by GEP Unified Procurement System: AMAZING USER EXPERIENCE Amazing user experience that drives adoption, usage and results DIRECT & INDIRECT Comprehensive procurement platform in a single, unified digital workspace NATIVE TO CLOUD Unrivaled performance, scalability and security ARTIFICIAL INTELLIGENCE Intelligent automation for greater throughput, efficiency and accuracy UNIFIED DIGITAL PLATFORM From source to pay, plan to produce – single code base for optimal performance EASY INTEGRATION Seamless, hassle-free integration with all ERP, F&A and back-end systems DRIVES DIGITAL TRANSFORMATION AI-powered, data-centric open platform fast-tracks digital transformation
AppZen delivers the world’s leading AI platform for modern finance teams. Starting with business spend, we automate manual process, uncover problems, and optimize decision making for enterprises around the globe, including one-fourth of the Fortune 500. Our platform combines patented deep learning, computer vision, and semantic analysis with intelligence from thousands of online data sources to understand financial transactions in business context and make decisions before those transactions happen. AppZen is a must-have for CFOs and their teams to reduce spend, comply with policy, and streamline process.
Claritum’s cloud spend management platform enables many of the world’s largest enterprises, leading businesses and fast-growing service providers to gain granular visibility and control of every transaction, globally and in real time. Over 150,000 users in 35 countries rely on Claritum to deliver significant, measurable and sustainable savings from their expenditure on marketing & operational print, promotional products, uniforms & apparel, packaging, IT & consumables and related services. Key Capabilities • Sourcing • Supplier Management • Catalog • Procurement • Invoicing • Reporting Visit www.claritum.com
Oversight Insights On Demand™ is a web-based software solution that automates spending program compliance by comprehensively analyzing expense report, purchase card, and accounts payable transactions to identify fraud, non-compliant purchases, and wasteful spending. Through visibility into the interaction between policy and behavior, Oversight offers opportunities for ongoing improvement, and helps organizations transform how they are managing risks in their spending programs. Key Differentiators include: • Artificial Intelligence Based Analytics • Behavioral analytics for observing patterns and trends • Robust workflow with automated audit, communications, and root-cause tracking
The ProcurePort Spend Analysis Software is a cloud hosted solution that allows you to conduct various scenario analysis on all your organizational spend. Access all spend data via easy-to-use dashboards, pre-built-reports as well as custom reports. Analyze your data based on spend type, supplier type, supplier density, location, spend amount range, category, sub-category, and other scenarios; all with the click of a button and at your fingertips.
Spend Analysis improves visibility into procurement information, enabling you to determine spend by commodities, products, services and suppliers. It also provides a dynamic ranking system for maintaining a snapshot of your most valuable suppliers. With SAS you gain more insight to better leverage your buying power, reduce costs and strategically improve supplier relationships.
SpendView is a comprehensive Spend Analytics solution that consolidates, cleanses, and classifies all spend-related data in one place, giving organizations full visibility across all of their spend. With SpendView, take control of your spend, make better purchasing decisions, and identify savings opportunities that directly impact the bottom line.
Xeeva is driving the development and delivery of the next generation of intelligent procurement and financial solutions. Xeeva’s technology is used in over 40 countries and is available in 18 languages. The company’s end to end technology suite includes Sourcing, Procure to Pay, Supplier Collaboration, Financial Collaboration and Extended Enterprise solutions.
Zycus is a leading global provider of procurement solution suites across the Source-to-Pay cycle. Our product portfolio includes applications for strategic and operational procurement functions, such as eProcurement, eInvoicing, Spend Analysis, eSourcing, Contract Management, Supplier Management, Financial Savings Management, Project Management, and Request Management. Zycus' Spend Analysis solution offers the most comprehensive, detailed, accurate and consistent spend visibility into your organization-wide spend.