Spend Analytics
Make Your Spend Management Smarter
Improve visibility into complex procurement challenges that impact business planning and execution using Scanmarket’s intelligent Spend Analytics software.
Scanmarket is trusted by businesses across the globe
Advanced Strategic Sourcing Spend Analytics
Find and share meaningful insights through data visualizations, AI-driven categorization, and prebuilt custom data connectors - all integrated with Excel.
A single source of truth will provide the business intelligence to understand historical and real time company spending, identify opportunities for savings across your sourcing activities, and help you and your finance team to accurately forecast future spend.
Simplicity Starts with Visibility
Scanmarket's Spend Analytics technology identifies supplier dependencies and opportunities for savings through instant visibility to company-wide spend. Our application is designed to provide a high-level overview for category managers or finance teams, using category and regional filters.
The preconfigured dashboards provide as much detail as you need and if they don’t provide the right details, we can create custom dashboards tailored to your specific needs.
Getting Started with our Spend
Management Solution Is Easy
Transferring Your Data
There are two ways to transfer your data - and you chose which suits you and your business processes:
- Manual Data Transfer When It Suits You
Import your spend data using excel or any other tabular file format within minutes, using a secure SFTP server for your data transmission. - Automated Data Transfer
If you prefer automatic data import, you can use any standard business connector, connecting most ERPs via open and non-proprietary standards. It uses the internet as a communication platform and allows you to automate the process of fetching new data.
Integrates with industry applications
Integrate with what you know and already use.
Scanmarket integrates with leading technology solutions to create an effortless experience for the end user.
Key Procurement Spend Analytics functionalities
AI Driven Categorization
Centralized Spend Data
Data Enrichment
Data-driven Insights
Plan eSourcing Initiatives
Maverick Spend Reduction
Payment Comparison
Understand your Suppliers
500+ Happy Customers
Scanmarket's software is built to make S2C management as simple as it should be.
But don't just take our word for itÂ
"At Home Trust, we are now in year one of post-procurement digital transformation, and we are extremely pleased with how it is working out at this point. Scanmarket was an integral part of our journey and we are happy with our partnership."
Sanja Cancar-Todorovic, Head of Enterprise Procurement, Outsourcing and Vendor Management
The Benefits of Using Scanmarket Spend Analytics Solution
Challenges Scanmarket Source to Contract Spend Analytics Solves
Scanmarket is Loved and Trusted by Customers
SotwareReviews asked real users what they thought about using Scanmarket and the value they received, here is what they had to say. Â
How Much Does Scanmarket Cost?
Companies of every size and type, from medium-sized manufacturing businesses to enterprise-level service organizations have made the move to Scanmarket. Looking for a better way to run your source-to-contract processes but wondering about the cost?
Users subscribe to Scanmarket for an annual license fee. Your license is made up of three main components: core platform, optional modules and the number of users. There is also a one-time implementation fee for the initial setup.
As your business grows, you can easily activate new modules and add users — that’s the beauty of cloud software.
24/5 customer support is included with the Scanmarket platform license.
Resources
Resources
Data Sheet
Download to gain more insights into Spend Analytics:
Webinars
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Guides & Blogs
Deep-dive into topics around procurement, strategic sourcing and Scanmarket:
Essential Learning
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Scanmarket's S2C Procurement software is built to be used.
See for yourself how advanced technology can be as simple as it should be.
Frequently Asked Questions
Frequently Asked Questions
What is S2C Spend Analytics?
S2C Spend Analytics is a data-driven approach that empowers organisations with actionable insights into their procurement process spend.
This approach involves the systematic analysis of purchasing data from the various stages of the procurement process, starting from sourcing suppliers to final contract execution.
Source to Contract Spend Analytics enables procurement professionals to make strategic business-decisions, identify new savings opportunities, track supplier performance, and enhance the overall procurement efficiency.Â
How often is the data in my spend analytics dashboard and reporting updated?
Online reporting provides a current view of the business, driven by the ability to update your spend when you need it – daily, weekly, or monthly.
How can I increase the intel on my strategic sourcing spend categories?
Optimize the use of suppliers by mapping spend & payment terms per supplier, and identifying direct or indirect spend risks with our spend analytics saas.
How can I report on my spend management?
Our Spend Management Software empowers you to get regular reporting and trendlines on spend identifying e.g., how spend is used across the business, if spend is increasing or decreasing, the number of active suppliers, and whether payment terms are correct with our strategic sourcing saas.
Which type of support do you provide for your spend analytics platform?
We provide 24/5 Quick Call support on our spend analytics tools for your internal users and suppliers.
Quick Call support is not like your typical support desk. With Scanmarket, you have direct access to our global team of expert source-to-contract consultants who can resolve your issues rapidly. We often hear from our customers that Scanmarket's Quick Call support is the best in the industry.
Quick Call support is available to customers, suppliers, and other stakeholders. 85% of Quick Calls are answered in less than a minute, and 95% are answered within five minutes.