Close

spend
analysis

We provide analyses, information, tools, and overall guidance to improve efficiency and strengthen cash flows across your entire organization.

Spend Analysis Software

Spend Analysis – Value in clarity.

Have we mentioned how much we like simplicity? Don’t worry about the format, quality, or consistency of your data. Just share what you have and our experts will do everything needed to get a clear picture of your organization’s spend.

Purchasing Trends

BUILD A BASELINE

Identify purchasing trends, product and service commonalities

Supplier Strategis

GAIN INSIGHTS

Better understand current market conditions, supplier strategies, and potential savings opportunities

Supplier Negotiation

CREATE LEVERAGE

Get the information needed to negotiate bettter terms with your suppliers

Simple process.

Data gathering using Spend Analysis
Data Gathering

DATA GATHERING

ProcurePort accepts data from multiple sources and in any format; providing our clients with a simple path forward. In short, gather your data as you have it and we’ll take care of the rest.

Data Aggregation

DATA AGGREGATION

The next step is to merge all the data files from the various sources into one single file, while ensuring that the original data references are intact. Giving you a single source of truth.

Record Cleansing

RECORD CLEANSING

Removal of duplicate records, caused by disparate systems, ensures that spend is not counted multiple times during analysis and that you can trust the accuracy of the data.

Vendor categorization
Vendor Name Normalization

VENDOR NAME NORMALIZATION

We have industry experts that find issues, like misspelled names that can create unnecessary unique entries, that skew the final analysis results.

Vendor Categorization

VENDOR CATEGORIZATION

Delivering a custom grouping that is specific to your needs; which leads to effective decision making and appropriate final e-Sourcing strategies.

Spend Cube Generation

SPEND CUBE GENERATION

The spend cube is the final output of our analysis process. The spend cube allows you to look at all of the analyzed data from a variety of angles.

Delivering meaningful answers.

We provide answers to critical questions that are at the heart of efficient procurement.

Spend data answers

What am I spending
money on?

Spend data answers

Who am I spending
it with?

Spend data answers

How do I better optimize
my spend?

Spend data answers

Where are my cost
savings opportunities?

Enable better decisions. Prioritize spend.

ProcurePort’s Spend Analysis intuitive dashboarding solution will allow you to take the insights gained during the spend analysis process and conduct multiple scenario analysis to optimize your spending.

Spend Analysis Process
  • Comprehensive insight into suppliers and supplier spend patterns

  • Opportunity for increased cost savings and supplier consolidation

  • Improved compliance

  • Real-time view into supplier pricing trends and contract compliance for better contract management

  • Improved sourcing decisions based on comprehensive and accurate data

  • Improved supply management and supplier management

  • Detailed visibility into all your indirect spend so you can employ the right procurement strategy for maximum cost reduction

Sign up to recieve tips on spend analysis

Stay on top of procurement news with monthly ProcurePort updates, feature highlights, and industry insights.

Get in touch

Chat with one of our experts to discuss how we can help you with your Spend Analysis project. Its easy to gain insights into your spend data with the ProcurePort Spend Analysis Software.

ProcurePort Location

11715 Fox Road, Suite 400-203, Indianapolis, IN 46236