Spend Analysis

Do you know who's spending what, with which suppliers, across your organisation?

If not, then how can you drive efficiency programmes, overcome compliance issues, combat maverick spending, leverage contracts to your advantage and achieve all-round better corporate decision-making?

Spend Analysis is key to efficiency and business agility. And with EGS, you can enjoy 'big picture' visibility and control over your spending across your organisation.

It's possible to watch spending levels and patterns via a single interface. What's more, our commitment accounting and budget checking functionality give you an accurate view of spending in real time.

Better still, you can see and share your spending data in 'boardroom-ready' intuitive graph formats - far superior to dry, hard-to-decipher spreadsheets.

KEY FEATURES & BENEFITS

  • Become more efficient and responsive as an organisation
  • Translate hundreds or thousands of micro purchases across your business into meaningful business intelligence - to improve your decision-making
  • Monitor the procurement performance of individual teams and buyers
  • Drill down to see who is spending what - with which suppliers
  • Compare your suppliers using key performance indicators (KPIs)
  • Identify irregular patterns and problems, such as maverick spending and non-compliance with contracts
  • Use Spend Analysis to target areas of improvement and to change processes and behaviours
  • See how to budget more effectively, by aligning resources with seasonal spending patterns
  • Create PowerPoint slides automatically with high-impact graphs.

Spend Analysis is especially effective when combined with Contract Management.

You can monitor and get the best from every contract, consolidate spending, strengthen your negotiations and add/remove suppliers to meet your business and compliance needs. You can also influence buying behaviour directly, avoiding wasteful maverick spending and setting limits and authorisations for different buyers and departments.

RELATED SOLUTIONS

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