Design your own spend reports
The reports builder tool lets you customize your own reports according to data generated from a range of criteria, such as items, categories, purchase orders, and more. The user experience is intuitive – for example, if amounts have a mix of currencies they’ll be automatically converted to your default currency. Access to these details will add efficiency to your procurement process.
Real-time spend analytics
Companies that harness the power of real-time spend analysis software have a significant advantage, especially when it comes to spend control. Purchasing patterns are made evident so any deviations can be quickly identified and corrected. The ability to oversee company activity at the individual, department, and branch levels means every decision is strategic and elicits desired results.
GAIN SPEND VISIBILITY USING CUSTOMIZABLE PROCUREMENT SPEND ANALYSIS REPORTS AND DASHBOARD TOOL
Create custom reports using various criteria including categories, document types, locations, suppliers, items, and more. Choose which documents to include in your spend analysis process to generate reports, based on their status, to create lean, easy-to-view spend analytic comparisons.
Spend reports are automatically compiled, simplifying the process of auditing and tracking. A dedicated custom-built reporting system allows data to be saved and exported on all purchases to help track orders at each stage. Real-time dashboards simplify spend management and help procurement professionals identify savings opportunities in their supply chain.
Compare generated reports to track spending habits, confirm details, and identify ways to cut costs through identified purchasing trends for direct and indirect spend. Use pre-built system reports to analyze total spend and details on elements of spending outside of quantities and prices – such as hidden costs, document associations, and more. Applying a spend analysis tool in your strategic sourcing process can result in significant savings for procurement teams.
Reports that are generated can be stored on the system and easily exported, allowing users to access pre-compiled spend data for auditing and data analysis. Specify which business units can view generated spend reports, allowing control over who can review analytics about certain parts of the organization’s spending on products and services.