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Turn spend intelligence into savings with web3 Spend Analysis

Successful spend strategies depend on good data, structured processes and insightful analytics. But trying to make sense of large volumes of data, often from multiple systems and even in multiple languages, is impossible without the right tools. web3 Spend Analysis provides automatic, accurate classification for historical spend data, empowering procurement to increase savings and boost organisational efficiencies.

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Spend Analysis Management benefits at a glance

  • What is Spend Analysis

    New to the term Spend Analysis, also known as Spend Analytics, or need to refresh your memory? Here’s our explanation of Spend Analysis process.

    Spend Analysis is the process of collecting and analysing expenditure data with the purpose of decreasing procurement costs and enforcing compliance policies. Organisations utilise Spend Analysis technology to integrate data from various sources, including back office finance and Enterprise Resourcing Planning (ERP) systems, to develop complete spend visibility, allowing them to recognise saving opportunities by capitalising on purchase price variance and comparing historical and future sourcing efforts.

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web3 Spend Analysis is one single solution that sits above all your existing systems, gathering, cleansing and enriching your spend data.