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Spend Analytics

Make Your Spend Management Smarter

Improve visibility into complex procurement challenges that impact business planning and execution using Scanmarket’s intelligent Spend Analytics software.

Scanmarket is trusted by businesses across the globe

Make Sense of Your Spend 

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 current 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 software 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.

Understand Your Supplier Base
A dashboard designed to provide insights into your supplier base and identify: Do we have low-spend categories with too many suppliers, who are our largest suppliers, how many suppliers do we use in different parts of the business, etc?
Ensure PO Compliance
Track and ensure compliance across the organization by understanding who is buying off purchase orders, or if off-PO spend is related to specific categories or suppliers, or certain parts of your business.
Holistic View of Payment Terms
Gain insights on payment terms across your supplier base. The dashboard provides a holistic view of payment terms related to for example categories, total spend, and the number of suppliers.

Getting Started with Spend
Management Is Easy

Transferring Your Data
There are two ways to transfer your data - and you chose which suits you and your business processes:

  • Manual Data Transfer When It Suits You
    Import your spend data using excel or any other tabular file format within minutes, using a secure SFTP server for your data transmission.
  • Automated Data Transfer
    If you prefer automatic data import, you can use any standard business connector, connecting most ERPs via open and non-proprietary standards. It uses the internet as a communication platform and allows you to automate the process of fetching new data.

With seamless integration

Integrate with what you know and already use.

Scanmarket integrates seamlessly with leading technology solutions to create an effortless experience for the end user.

... and fantastic spend analytics functionalities

AI-Driven Data Cleansing
Increase data accuracy and eradicate manual data preparation with artificial intelligence (AI) and automated rule-based machine learning technology.
Enable Data-Driven Business Decisions
Proactively make and execute data-driven decisions to solve complex procurement issues that impact business strategy - based on easily digestible information.
Keep Maverick Spend in Check
Cross-business visibility empowers you to stay in control of non-budgeted spend, foster a healthy balance of suppliers, contracts, purchase orders, and spending – and reduce the ever-growing tail spend.
Single Source of All Spend Data
Gain an accurate, amalgamated, and homogenized overview of spend across all data sources, business units, geographies, languages, and currencies.
Benchmark for the Future
Determine strategies for short- and long-term savings and operational enhancements based on current data, and deploy them as a baseline for measuring improvement initiatives.
Compare Payment Terms
Identify inconsistencies and risks through comparison of types and terms of payment at the global, site, or department level – and development over time.
Efficiency & Savings Opportunities
Analyze and interrogate your data across multiple standard and custom dashboards. Easily identify savings and efficiencies whilst being alerted to supply risks and compliance issues.
Data Integration
Consolidate and explore any data, from spreadsheets to databases, ERP systems, P2P tools, and payment cards - all can be collected.
Strategic Procurement
Provide insights & project cost savings for financial planning and direction of company strategy.

500+ Happy Customers

Scanmarket's software is built to make S2C management as simple as it should be.

But don't just take our word for it 

"At Home Trust, we are now in year one of post-procurement digital transformation, and we are extremely pleased with how it is working out at this point. Scanmarket was an integral part of our journey and we are happy with our partnership."

Sanja Cancar-Todorovic, Head of Enterprise Procurement, Outsourcing and Vendor Management

Book a Demo

Scanmarket's S2C software is built to be used.
See for yourself how advanced technology can be as simple as it should be.

Frequently Asked Questions

How can I enrich my data?

Improve data trust by clarifying, normalizing, and adding 3rd party data for improved data accuracy.

How often is the data in my 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 my category intel?

Optimize the use of suppliers by mapping spend & payment terms per supplier, and identifying direct or indirect spend risks.

How can I report on spend?

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.

Which type of support do you provide?

We provide 24/5 Quick Call support 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.