Newly Released Carbon Accounting ReporterSpend 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.
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
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Identify inconsistencies and risks through comparison of types and terms of payment at global, site or department level
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Optimize use of suppliers by mapping spend & payment terms per supplier, identifying direct or indirect spend risks
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Provide insights & project cost savings for financial planning and direction of company strategy
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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
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Get regular reporting and trendlines on spend identifying
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Proactively make and execute data-driven decisions to solve complex procurement issues that impact business strategy
Insights that reduce costs and drive savings
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
Webinars
View our on-demand webinar, which delivers insights from Scanmarket and industry experts:
Making the Case to Ditch Underperforming Software
4 Types of Spend Procurement Needs to Manage
Identify the four types of spend that can boost your organization’s bottom line...
How Procurement and Finance Can Save More with Spend Visibility
An investment in the CPO-CFO relationship will pay dividends for organizations that take this partnership seriously...
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
What is S2C Spend Analytics?
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.
How often is the data in my spend analytics dashboard and reporting updated?
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.
How can I increase the intel on my strategic sourcing spend categories?
Optimize the use of suppliers by mapping spend & payment terms per supplier, and identifying direct or indirect spend risks with our spend analytics saas.
How can I report on my spend management?
Our Spend Management Software empowers you to get regular reporting and trendlines on spend identifying e.g., how spend is used across the business, if spend is increasing or decreasing, the number of active suppliers, and whether payment terms are correct with our strategic sourcing saas.
Which type of support do you provide for your spend analytics platform?
We provide 24/5 Quick Call support on our spend analytics tools for your internal users and suppliers.
Quick Call support is not like your typical support desk. With Scanmarket, you have direct access to our global team of expert source-to-contract consultants who can resolve your issues rapidly. We often hear from our customers that Scanmarket's Quick Call support is the best in the industry.
Quick Call support is available to customers, suppliers, and other stakeholders. 85% of Quick Calls are answered in less than a minute, and 95% are answered within five minutes.
