Spend Analytics

Visibility Into Your Business Spend

Recent research shows that procurement organizations that have adopted advanced automation technologies operate with 21% lower labor costs and are more effective at delivering services to internal and external customers.

With greater analytic capabilities, chief procurement officers (CPOs) have also gained a deeper understanding of their supply chains and, as a result, are taking on increasingly strategic and advisory roles in support of the overall business strategy.

Scanmarket’s Spend Analytics is a software that helps CPOs identify opportunities for savings and supplier dependencies while mitigating risk through instant visibility to company-wide spend, providing actionable insights that will elevate procurement to deliver strategic business impact.
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A computer showing Scanmarket Spend Analysis module
Based on Customer Reviews

Scanmarket a Leader in Spend Analysis

Scanmarket Awarded Gold

Scanmarket is proud to be ranked 1st in Spend Analysis - receiving an 84% satisfaction score compared with a category average of 75%, purely based on reviews from existing customers.

Scanmarket was recognized as a leader in the 2021 Strategic Sourcing Data Quadrant report from SoftwareReviews.
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"The tools are proving to be very successful and simple to use. Scanmarket takes a ‘can do’ approach and provides first class support"

Scanmarket Spend Analytics

Features & Benefits

STRATEGIC PROCUREMENT - provide insights & project cost savings for financial planning and direction of company strategy
DRIVE BUSINESS DECISIONS - proactively identify and enable solutions for complex procurement issues that impact business planning and execution
SINGLE PANE OF GLASS - gain an instant overview of spend across all data sources, geographical spread and languages, providing insights on opportunities for efficiency gains and risk reduction
EXECUTE EFFICIENCY OPPORTUNITIES - detect and seamlessly implement opportunities for efficiencies through one intuitive platform with several procurement modules
KEEP MAVERICK SPEND IN CHECK - cross-business visibility empowers you to stay in control of non-budgeted spend, fostering a healthy relationship between contracts, purchase orders and spend
CATEGORIZING SPEND - automate categorization using artificial intelligence (AI), reducing manual processes and human error
ESTIMATE SAVINGS OPPORTUNITIES - determine strategies for short- and long-term savings based on actual spend data, analyzed and deployed as a baseline for measuring improvement initiatives
COMPARE PAYMENT TERMS - identify inconsistencies and risks through comparison of types and terms of payment at global, site or department level – and development over time
INCREASE CATEGORY INTEL - optimize use of suppliers by mapping spend & payment terms per supplier, identifying direct or indirect spend risks
ENRICH DATA - improve data trust by clarifying, normalizing and adding 3rd party data for improved data hygiene
INTUITIVE USER INTERFACE - provides an in-depth and configurable view into the entire business, enabled through easy search, filter and sort functions
INSTANT VISIBILITY - online reporting and real-time data provides a current view of the business

Getting Implementation Right the First Time

Selecting and purchasing a new eSourcing solution is no easy feat, but getting it successfully implemented is even more difficult - which is why we've made it our business to ensure your eSourcing implementation is a success.  

No company is the same, which will be reflected in your implementation process - but we have a great number of best practices that we would like to share.

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Implementing an eSourcing software solution

Key Benefits

Single View

Single View

Dashboards to view and drill-down into all your spend



95% confidence on spend through rigorous 3-stage QA process



Monitor compliance with contracts and identify rogue spend



Identify opportunities for spend leverage & demand aggregation



Find direct savings through Purchase Price Variance analysis

Increase Visibility to Your Business

Identify the information key to your operations, and how to access it via our best-of-breed solution
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Want to Know More?

Explore the software in greater detail.

Download data sheet
Scanmarket Spend Analysis datasheet