Spend analytics solution

What is Spend Analytics?

Spend Analytics is the discipline of collecting, processing, and analyzing procurement data. Spend analysis uncovers business buying patterns through an in-depth review of procurement data. Organizations use these to manage their suppliers, track procurement performance, and decrease costs. Often the terms are interchanged, though the analysis is one (important) step of many in the analytics process.

Spend Analytics brings together purchasing-related data and turns it into immediate, budget-saving opportunities. The analysis also generates KPIs to assist decision-making. It provides visibility into an organization’s purchasing trends and offers useful insights. Spend analysts can improve supply management by reducing risk and ensuring compliance of any supplier. And measure and benchmark the flow of the end-to-end procurement process against peers.

Improvements it brings: 

• Increased visibility on category sourcing patterns
• Gain insights for strategic sourcing
• Better oversight of supply chain processes
• Reduction in supplier risk
• Nurture effective supplier relationships

Why it is important

It answers core questions to improve the financial efficiency of a company.

1. How much money does the company spend?
2. Which supplier provides which goods or services?
3. Is the organization getting what it expects for the purchase or contract?

Purchasing patterns are easier to see on dashboards, charts, and tables. Often these are static presentations or spreadsheets with errors. Rather than use legacy office applications, analysis tools provide a variety of dynamic visualizations that allow data exploration through filters and drill-downs.

One way to show the data is by the procurement category. Category-specific data allows category managers to use their expertise for cost reduction, supplier consolidation, and contract coverage.

How it works

Spend analytics helps optimize the procurement performance of any organization by integrating information from sourcing data, cleaning it for accuracy, and categorizing it to item level. The business, operational managers, and procurement professionals can make better, actionable decisions for their organization using spend analytics software with reliable data and deep classifications. Cost savings are a common goal for this process. Most organizations are increasing the time spent analyzing the process, using the analysis software to understand their spending patterns better, to identify future savings opportunities, and to increase Procure-to-Pay efficiency.

Top IT consulting services in Malaysia

The VGR is the best Business IT Consulting service in Malaysia. The Business IT services are much worth the effect for newcomers in the digital marketing field. Before the considerably handsome investment in the IT industry, the entrepreneurs need to fix their objectives through the rounds of data analysis. They have to find the best niche for investing to boost up their digital business. To cope with the competition, they must study minutely to install the best-in-class infrastructure for better business management, customer care, and brand promotion. IT consultants in Malaysia are think tanks with superiority in IT business consulting, strategic marketing, business planning, and customer relationship. They keep you on track by providing innovative strategies, plans, and out-of-box business management ideas for managing complicated projects easily. The main focus is given to IT for digital marketing.

We are a team of professionals

Malaysia is a growing country with the possibility of becoming a strong competitor in the global commercial sector. The new start-up companies and small-size IT agencies need support from such reputed IT business consultants to upgrade business management. The sudden revolution in information technology creates lacunae. Those who are not properly trained and skilled cannot understand A to Z of the innovative digital innovation. They require talented professional IT consultants for solutions during an emergency. Especially, they ask for better projects to design before investing in the business. IN MALAYSIA, trained IT consultants to guide these newcomers and beginners on how to upgrade the conventional data sharing tools. They also train clients in various areas, from cloud-based computing systems to use, the IoT-enabled device, cross-browser mobile apps development process, etc.

Professional business IT consultants in Malaysia are hired to design the projects at a low cost. They give their clients a roadmap on how to control overlays by installing the integrated multi-functional cloud-based ERP systems. They evaluate new arrivals of software like Oracle and SAAS. Then they place their reports after the extensive research. So ultimately, you have a complete guide on the modern IT models. Feel free to ask for any demo file, video, and prototype model to better clarify advanced business management and IT.

Take help from experts

The VGRgiveS you a completely online tech help desk to have the spot IT solution. The complicated technology seems difficult for a non-tech businessman, and he has to be comfortable handling such a new device or software. The experts of Malaysia’s best IT consultation service provider are here to simplify the processes by providing examples and practical training. They manage large IT settings, and they are the top decision facilitators to help you operate and maintain the ultra-modern virtual platform.

In today’s world, the IT services in Malaysia are becoming indispensable for business people to have the proper education and backup to overtake critical situations. These experts can tell you whether you will save money by simply remodelling and improving the conventional IT-based systems to maintain the higher speed in production.

Our spend Analytics solution

Comprehensive spend analysis is the stepping stone to a successful strategic sourcing program because only real-time and detailed visibility into enterprise purchase data can provide the necessary insight. Without it, you might as well try to conduct sourcing with one hand tied behind your back.

Look no further than our — powerful, expertly engineered procurement software. As a full spend analysis platform, we cleanse, validates, classifies and reports spend data from all your source systems to provide accurate, actionable information, with granular, item-level visibility across the enterprise.

Spend analysis technology in GEP SMART will help you understand what you really spend on, who’s doing the spending and where, and most importantly, if you’re getting your money’s worth. The benefits effectively pay for themselves: reduced maverick buying, lower procurement costs, improved efficiency, better compliance and higher realized savings.

We are a huge advance from the basic, single-module spend analysis platforms that don’t do much more than provide reports from ERP or AP systems. It’s a complete cloud-native, a unified source-to-pay suite that provides comprehensive spend visibility, in-depth analytical reporting, far-reaching business intelligence and opportunity identification.

VGR lives up to its name with automated spend analysis functionality that accomplishes the critical things that make procurement teams successful:

1. Set spend thresholds and receive real-time spend alerts
2. Move from line item to enterprise view with a single click
3. Access in-depth analytical reporting and business intelligence capabilities
4. Integrate and transform source spend data from all key systems into a single data set
5. Classify and interrogate spend data to support source-to-pay cycle activities like spend management, supplier management and savings project management
6. Maximize savings opportunities based on your sourcing strategy
7. Leverage an array of savings tracking and savings opportunity identification tools
8. Log on anytime, anywhere, and from any device

How do we work

We helping optimizing the procurement performance of any organization by integrating information from sourcing data, cleaning it for accuracy, and categorizing it to item level. The business, operational managers, and procurement professionals can make better, actionable decisions for their organization using our spend analytics software with reliable data and deep classifications. Cost savings are a common goal for this process. Most organizations are increasing the time spent analyzing the process, using this analysis software they can understand their spending patterns better, identify future savings opportunities, and increase Procure-to-Pay efficiency.

Why us

• Powerful classification engine to ensure accurate results. Get or update spend classifications whenever and as often as you want — no more spend classification by batch or via lengthy refresh cycles.
• 100% transparency into the classification process and results – see exactly how every line is classified
• Integrated ETL capabilities take the hassle out of collecting data from your many systems. Extract data in any format, map it in Ivalua and schedule loading frequencies
• Actionable insights to quickly identify, quantify and prioritize opportunities. Leverage pre-packaged reports or easily create a new analysis to view data however you want it, with powerful visualization capabilities. And great performance even with the largest data volumes to not keep you waiting