SPEND ANALYSIS SOFTWARE: TURNING SPEND INTELLIGENCE INTO PROCUREMENT SAVINGS
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.
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.
web3 Spend Analysis is one single solution that sits above all your existing systems, gathering, cleansing and enriching your spend data.
More ways we can help
Powerful reporting and analysis module, giving stakeholders across your business instant access to management information, with a configurable dashboard for KPIs.
Source to Contract
Our powerful platform that’s ideal for non-profit organisations, delivering strategic sourcing success, including eTenders and eAuctions, Contract Management and Savings Tracker.
A powerful platform for private and public sector organisations looking to take control of their electronic tenders and auctions in an easy to use, rapidly deployable package.