What is Spend Analytics
Accelerated Insight is a rapid spend analytics tool
Accelerated Insight provides procurement teams with the necessary spend analytical tools.
That deliver cost savings & make informed sourcing decisions.
Easy to understand and use spend analytics
What is Spend Analytics ?
Review of Purchase order and Accounts Payable Spend Analytics
Review of Supplier Spend Analytics
Review of General Ledger Spend Analytics
Review of Cost Center Spend Analytics
Review of Divisional Spend Analytics
Review of Company Spend Analytics
Review of Pareto Spend Analytics
Review of Sourcing Spend Analytics
Why is Spend Analytics So Important ?
Spend Analytics is so important to any organisation, because it acts as the benchmark for supply visibility and provides the category manager the insight needed to make informed sourcing or supply decisions, that deliver on the organisational goals
Why Spend Analytics ?
Many companies usually don’t have time or the resources to manage every supplier, in most cases supplier networks have evolved with procurement not being involved due to the volume of new suppliers.
Typically, Procurement teams get involved with larger suppliers and capital projects, normally referred to as top 30 suppliers by spend value.
In many cases, not having the resources to review, managed under contract, approved Supplier lists, on boarding costs and category benchmarking has lead to a growth in the number of suppliers being used.
This limits the leverage procurement can deliver to the bottom line.
Spend Analytics provides the platform to engage with your company stakeholders, to help create the discussion on a sourcing roadmap that takes into account their requirements and also in consideration the following procurement objectives :
Strategic Suppliers
Transactional Costs - time value of money
Supplier Performance
Benchmarking
Specification
Modern Slavery
Corporate Responsibility
Environmental
Cost Savings & Currency Risk
Supplier Rationalisation
How Does Spend Analytics Work?
Accelerated insight offers a free 4 page spend analytics report as a starter.
Data is received, we have a small discussion about your objectives, taxonomy and supplier classification, we sign a data privacy agreement, share data and within 24hrs receive your free spend analytics report, with no obligation.