Spend Analysis

Evaluate your Spend and Uncover Opportunities

Spend Analysis: A Key Value Lever for Procurement Organizations

A comprehensive spend analysis strategy can identify opportunities for savings, drive negotiation strategies, support ESG goals, and establish compliance protocols. Gaining visibility into all of your spend is difficult and most organizations don’t have a clear or accurate picture of their total spend profile. Gain Insight from your Spend Data to Unlock Competitive Advantages  Implementing Ivalua’s Spend Analysis solution is a critical first step to empower procurement teams with relevant data and insights to identify savings opportunities, understand purchasing patterns, manage risk, and drive overall value to the organization.

A Powerful Tool for Strategic Sourcing

Analyze Spend

• Aggregate data from AP vouchers, invoices, P-Card data, travel, and others
• Import spend in native formats covering data sources

Classify Data On-Demand

• Import and classify data on-demand 
• Utilize standard or custom spend taxonomies
• Refine classification rules and refresh classifications immediately

Spend Classification Visibility

• Maintain complete control and visibility over classification rules 
• Add and refine classification rules with a comprehensive toolkit and simple UI

Accurate Classifications On Demand

Classify or Refresh Data to Meet your Business Needs

• Powerful and intuitive classification engine
• Classification and refresh cycles established by the business
• Unparalleled performance with the largest data sets

Data Extraction, Transformation, and Loading

Integrate and Analyze all Source of Spend Data

• Integrated ETL capabilities to collect data from many systems
• Extract spend data from other systems in any format
• Map data loads and schedule data imports

Transparency and Control

Review and Improve Classification Rules to Ensure Accuracy

• Complete transparency and visibility of classification rules
• Intuitive UI to manage and refine rules
• Recommended actions and clues to improve classification

Opportunity Identification

Identify, Quantify, and Prioritize Opportunities

• Leverage a library of pre-packaged spend reports
• Create new analyses on-demand to match business needs
• Initiate actions directly from reports and analyses