A solution that provides a homogenized overview of an entire organization’s spend data.

Challenge

Create a solution that consolidates an organization’s spend data across all data sources, business units, geographies, languages, and currencies.

Solution

• A cloud-based software that provides users with a single and homogenized overview of all company-wide spend data. 
• Allow users to analyze and interrogate spend data across multiple standard and custom dashboards, to easily identify opportunities for savings and efficiencies.  
• Enable users to gain cross-business visibility to stay in control of non-budgeted spend and reduce tail spend. 
• Provide users with the ability to update spend on a daily, weekly, or monthly basis.  
• Enable users to identify inconsistencies and risks trough comparison of types and terms of payment at global, site or department level. 
• Allow users to map spend and payment terms per supplier and identify direct or indirect spend risks. 

Benefits

• Single source of truth for all corporate spend. 
• Increased data accuracy and no necessary manual data preparation.  
• Improve data trust by clarifying, normalizing, and adding 3rd party data for improved data accuracy. 
• Easily identify supplier dependencies and opportunities for savings.   
• Enable data-driven business decisions.  
• Minimize risk.