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Consolidate Company-Wide Spend Data

A Scanmarket Use Case on Spend Analytics

A solution that provides a homogenized overview of an entire organization’s spend data.

Challenge

Create a solution that consolidates an organization’s spend data across all data sources, business units, geographies, languages, and currencies.

Solution

  • A cloud-based software that provides users with a single and homogenized overview of all company-wide spend data.
  • Allow users to analyze and interrogate spend data across multiple standard and custom dashboards, to easily identify opportunities for savings and efficiencies.
  • Enable users to gain cross-business visibility to stay in control of non-budgeted spend and reduce tail spend.
  • Provide users with the ability to update spend on a daily, weekly, or monthly basis.
  • Enable users to identify inconsistencies and risks trough comparison of types and terms of payment at global, site or department level.
  • Allow users to map spend and payment terms per supplier and identify direct or indirect spend risks. 

Benefits

  • Single source of truth for all corporate spend.
  • Increased data accuracy and no necessary manual data preparation.
  • Improve data trust by clarifying, normalizing, and adding 3rd party data for improved data accuracy.
  • Easily identify supplier dependencies and opportunities for savings.
  • Enable data-driven business decisions.
  • Minimize risk.

Want to gain visibility into your company wide spend?