Verticalnet Spend Analysis provides a fast, intelligent, repeatable and painless solution to analyze spending patterns to identify, evaluate, and quantify maximum opportunities to reduce the total cost of purchased materials.
The biggest challenge associated with spend analysis is gathering historical data and putting it into a common format that facilitates analysis. Our solution provides the ability to aggregate spend data from multiple disparate systems, cleanse and classify the data to a common classification structure, and perform multi-dimensional analysis, easily allowing you to identify potential target areas for savings.
Our solution is used and administrated by sourcing personnel — not the IT department. Verticalnet Spend Analysis dramatically reduces the cost, effort and time associated with traditional spend analysis methods by offering automated cleansing and classification. Once configured, our software can periodically extract, cleanse, and classify spend data from multiple disparate systems and enable sourcing professionals to analyze the data to better manage the supply base. |
