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.