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Spend Analysis Software

Spend Analysis tools can uncover savings opportunities. Gain visibility and control by using ProcurePort’s Cloud Hosted Spend Analysis Software. Contact us today to see if your company qualifies for a free Spend Analytics assessment.

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Web screen of procureport's Spend Analysis module dashboard

Spend Analysis Software

ProcurePort, a leader among spend analysis software companies, provides state-of-the-art cloud hosted spend analytics tools.

Are you are struggling to manage your organizational spend and dealing with disparate data from disparate data sources? Automated spend analysis tools can simplify the process of cleaning, classifying and organizing your spend data. This allows you to make informed decisions about your organizational spend and identify savings opportunities.

UNCOVER
NEW SAVINGS
WITH SPEND
ANALYSIS

ProcurePort uses a structured spend analysis process to cleanse and analyze your spend data. Uncover hidden savings by gaining spend visibility using our state of the art Spend Analysis Software.

Spend Analysis is the first step in a typical Strategic Sourcing process. Looking to take advantage of the many benefits realized by the implementation of e-Procurement software? Take advantage of a robust Spend Analytics Software provided by ProcurePort.

Conducting a thorough analysis of your spend data can provide many downstream benefits. Uncover sourcing opportunities within your supply chain using the market intelligence provided by spend data analysis.


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Top 3 Sourcing opportunities uncovered with deep analytical reporting provided by Spend Analysis Software

  • Supplier Information and Spend related to each spend category and business unit

  • Cost Savings opportunity within specific areas of spend

  • Improved contract negotiation with existing and new suppliers


4 Step AI Driven Spend Analysis:

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Data Support -
Data Cleansing

The ProcurePort spend analysis solution allows you to easily import your spend data using Excel or any other comma limited file format. The solution automatically cleanses your data, removing duplicate entries and flagging incomplete entries.

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Data Normalization

Use the AI engine to normalize supplier names while enhancing supplier management. The solution groups similar supplier names so that you can easily select the correct name for the supplier name normalization process. The Spend Analysis Software stores these variations for further Enhancing the AI Engine’s analytics capability for future Spend Analysis exercise.

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Supplier Categorization

ProcurePort‘s AI Engine auto-categorizes your suppliers. Additionally, the spend analysis software has capabilities to manually correct the category of a supplier for future analysis.

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Spend Categorization

Artificial Intelligence driven spend and supplier categorization significantly reduces the time and effort required to classify your company spend. The self learning AI engine allows you to quickly correct any missed classifications. Accurately classify many types of spend, including direct, indirect spend, and MRO. Categorize spend to UNSPSC and other taxonomies.

ProcurePort Spend Analysis Software Key Features

Web screen of procureport's spend analysis dashboard with spend breakdown pie chart and bar graph
  • Real Time Analytics: Drill down to P.O. line item detail for a clear visibility into your spend.

  • Memorized Classification: Auto-classify suppliers based on a previous classification

  • Auto-Normalize: An easy to use interface allows you to normalize supplier names for accurate spend reporting

  • Single spend management database: A single data-set for a complete spend analysis. Capture detailed data from required legacy systems and databases. Include transactions from Purchase Card spend, Time and Expense systems, Travel Spend, Physical Invoices, etc.

Icon of paper with magnifying glass over it SINGLE SPEND
MANAGEMENT
DATABASE

- Spend Categorization of both internal commodity categories and external category schemes

- User friendly tools for exporting and importing data - Excel, CSV, XML

- Ability to identify addressable vs. non-addressable spend

Web screen of procureport's Spend Analysis module dashboard

ProcurePort has processed over $3 trillion in spend, spread across suppliers globally. Our software and services enables Procurement teams of global companies to conduct comprehensive and accurate analysis. A necessary step to drive and measure cost savings across the entire source to pay cycle.

The ProcurePort Spend Analysis Software is a cloud hosted solution. Easily conduct various scenario analysis on all your dashboards, prebuilt 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.


Analyze Your Spend Over Time

Use ProcurePort’s Spend analysis software to compare and analyze data across multiple years, quarters and months. Easily identify opportunities for supplier consolidation and cost savings using dashboards.

Web screen of Savings dashboard with Bar graph and pie chart
  • Intuitive graphical reporting with ready-to-use spend reports by category, supplier, payment terms, diversity etc. provide for a rich user experience

  • Power analysis for ad-hoc reporting across multiple dimensions

  • Savings opportunity pipeline to generate actionable savings from spend reports

  • User specific dashboards for easy access to relevant information


ProcurePort’s Spend analysis Solution can be accessed anywhere, anytime. Choose the delivery option below that best suits your business needs:

We Do it All

Take advantage of our experienced solutions consultants to do the data management and maintenance. We collect all of your spend and supplier-related data, cleansing it and classifying it to your specifications. You have access to the modules at all times and have full visibility into the entire process. Ensure the accuracy and timely progress of your spend analysis.

We Start and You Take Over

Allow our experienced consultants to do the heavy lifting for you, then license the modules yourself for ongoing management and maintenance. Our solutions consultants are ready to assist you at any time with any additional requirements.

You Take Full Control

License the modules for your own use and have complete control over your own collection, cleansing and classification process. Use a robust AI driven master data analytics and management module that was designed specifically for spend analysis.

The ProcurePort Spend Analysis Software is accessible via the web using a browser or also on your tablet or mobile phone. Present your data to various stakeholders using various filters and controls. Provide secure password access to your dashboards via the web and mobile platforms.

Learn how ProcurePort’s Spend Management Software can help your business with your spend management. Contact us today to get an estimate on your Spend Analysis/Spend Visibility project. The ProcurePort Spend Analysis Service allows your procurement team to identify cost saving opportunities that add to your organizations bottom line.

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