4 Types of Spend Procurement Needs to Manage
Identify the four types of spend that can boost your organization's bottom line...
Spend Analytics
Streamline forecasting and financial planning: Understand distribution of spend to maximize savings, through real time insights and analytics, using Scanmarket's intelligent Spend Analytics software.
Get a personalized demo of Scanmarket by Unit4's Source-to-Contract solution,
tailored to meet your business needs.
Manage spend smarter
Find and share meaningful insights through data visualizations, AI-driven categorization, and prebuilt custom data connectors - all integrated with Excel.
A single source of truth will provide the business intelligence to understand historical and real time company spending, identify opportunities for savings across your sourcing activities, and help you and your finance team to accurately forecast future spend.
How Spend Analytics can help you
- Identify inconsistencies and risks through comparison of types and terms of payment at global, site or department level
- Provide insights & project cost savings for financial planning and direction of company strategy
- Optimize use of suppliers by mapping spend & payment terms per supplier, identifying direct or indirect spend risks
- Online reporting provides a current view of the business, driven by the ability to update your spend when you need it – daily, weekly or monthly
- Proactively make and execute data-driven decisions to solve complex procurement issues that impact business strategy
- Get regular reporting and trendlines on spend identifying
Insights that reduce costs and drive savings
Smarter Source-to-Contract with Scanmarket
Learn how to simplify strategic sourcing by integrating a best-of-breed Source-to-Contract solution.
Key features & capabilities
AI Data Cleansing & Categorization
Increase data accuracy and minimize manual processes through AI-driven data cleansing and rules-driven categorization.
Single source of data
Gain a single, accurate, and organized overview of expenditures across multiple data sources.
Holistic visibility
Pre-configured dashboards provide a comprehensive view spend data across your supplier base and multiple categories.
Carbon Accounting
Extend visibility of your supply chain by measuring, reporting, and understanding scope 3 emissions.
Insight into supplier base
Understand key data within your supplier network, helping you uncover key information better manage categories and suppliers.
Payment Comparison
Detect disparities and potential risks by analyzing payment types and terms across global, site-specific, or departmental levels.
Spend Analytics in action
Analytics that drive strategy
Find and share meaningful insights through data visualizations, AI-driven categorization, and prebuilt custom data connectors - all integrated with Excel.
A single source of truth will provide the business intelligence to understand historical and real time company spending, identify opportunities for savings across your sourcing activities, and help you and your finance team to accurately forecast future spend.
Simplicity Starts with Visibility
Scanmarket's Spend Analytics technology identifies supplier dependencies and opportunities for savings through instant visibility to company-wide spend.
Our application is designed to provide a high-level overview for category managers or finance teams, using category and regional filters. The preconfigured dashboards provide as much detail as you need and if they don’t provide the right details, we can create custom dashboards tailored to your specific needs.
Monitor and reduce environmental impact
Scanmarket’s Carbon Accounting reporter extends visibility of an organization’s supplier data, allowing them to track and analyze Scope 3 carbon emissions, ultimately helping them to reduce their environmental impact.
With single-source data collection and advanced reporting and dashboarding, customers can interrogate CO2 emissions on both supplier and category level to allow for a deeper analysis and in turn can make informed decisions about suppliers to support their sustainability strategy.
Additional learning
Don't take our word for it
Choosing Scanmarket by Unit4: A best-of-breed solution
Read the latest SoftwareReviews Comparison Report to understand why Scanmarket by Unit4 is the right solution for you.
Using data sourced from SoftwareReview’s 2024 Strategic Sourcing reports, this report provides a comprehensive insight into the customer experience when using Scanmarket by Unit 4 software. Whilst comparing the buyer experience against key players in the market, it also provides a variety of metrics to assist you in choosing the software that best matches your organizations goals.
Frequently asked questions
S2C Spend Analytics is a data-driven approach that empowers organisations with actionable insights into their procurement process spend.
This approach involves the systematic analysis of purchasing data from the various stages of the procurement process, starting from sourcing suppliers to final contract execution.
Source to Contract Spend Analytics enables procurement professionals to make strategic business-decisions, identify new savings opportunities, track supplier performance, and enhance the overall procurement efficiency.
Book a demo
Scanmarket by Unit4's S2C Procurement software is built to be used.
See for yourself how advanced technology can be as simple as it should be.