Spend Analytics software increases
visibility + decision making
Organizations generate a ton of spend data around the products and services they purchase from
suppliers. Organizing that data to understand the meaningful spend patterns is an enormous hurdle.
Corcentric’s spend analytics software creates actionable intelligence that can help organizations
consolidate and categorize supplier information and procurement data.
We unlock holistic transparency to help your procurement team guide purchasing behaviors,
control costs, and drive bottom-line value.
Key benefits of Corcentric’s Spend Analytics solution
Understand who your most critical suppliers are and how much your organization spends.
Eliminate blind spending by tracking demand and increasing visibility.
Clean spend data helps you find savings through actionable insights.
True visibility with Spend and Procurement Analytics
Our spend analytics tools give you a single, holistic view of organization-wide spend data across all supply chains. Activate data sources to gain deeper insights and convert company spend into strategic actionable intelligence.
Optimize spend management through clear, comprehensive KPIs
Create enhanced visualization of KPIs through easy-to-read charts and graphs. Improve business performance analytics beyond spend by anticipating spend demand far into the future. Look at spend by type and business unit department. Leverage statistical analysis like Pareto and central tendency stats on supplier spend.
Spend Assessment empowers
a smarter, more consistent
Effective, efficient spend analysis requires a taxonomy specifically built for organizing and identifying procurement savings opportunities. Our taxonomy design is designed to identify specific, actionable opportunities for sourcing and cost reduction at the subcategory level.
Quickly identify priority cost
savings opportunities with Opportunity Assessment
Remove the complexity of digging through data manually and gain a clear view of your spend, categorized to highlight potential savings opportunities.
- Ability to visualize custom spend analytics reports and dashboards
- Strategic sourcing and opportunity assessment capability utilizing strategic sourcing best practices and Corcentric’s proprietary knowledge repository
Custom Procurement Analytics
Since not all sourcing data is always in one place, Corcentric’s team of data experts consolidates, normalizes, cleanses, categorizes, and presents disparate data sources into valuable analytics across the source-to-pay process. Whether it be due to M+A or part of a wider decentralized organization, Corcentric develops custom procurement analytics dashboards and KPIs for creating intelligence from disparate data sources to benchmark and improve procurement’s performance.
Did you know?
of companies rely on analytics to
gain competitve advantage.