Enterprise-wide visibility and spend analysis is the key first step to achieving long term value in strategic sourcing. Unfortunately, many sourcing executives are constrained by dispersed, unclassified data across too many disparate systems to facilitate good decision-making and drive bottom-line improvements. Scanmarket's Spend Analysis solution can help gather spend data from all your systems into a single repository. It is then cleansed, normalized, enriched and classified to provide a true picture of your spend across categories, vendors, business units and more. Scanmarket’s Spend Analysis module provides access to a reporting application able to “slice and dice” spend and provide critical decision support for your procurement initiatives. You need to see your information in order to use it.
Want to better understand Scanmarket's platform and how it can help you? Check out this short video for an overview of our solutions and how we view strategic sourcing.
“One-stop shop” to see and understand all your spend
95% confidence on spend through rigorous 3-stage QA process
Monitor compliance with agreements and identify rogue spend
Identify opportunities for spend leverage & demand aggregation
Find direct savings through Purchase Price Variance analysis