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.Book a Demo
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.Download the Report
We know it. You’re looking for the best strategic sourcing platform for your business, and it requires careful consideration – and a lot of knowledge of who you chose to partner with. We’re trying to make it easy for you to make that decision. Please take a look at some of the sources we would use ourselves if we had to choose a new strategic sourcing vendor for our next adventure.
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.
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
Want to better understand Spend Analytics? Watch our Director of Strategic Alliances explain the key benefits of utilizing spend analytics to really understand your spend and identify potential savings. Check out the video.