Spend Analytics Services
Spend Analytics Services: Improving your bottom line
Many companies are looking to improve their control of their cost of goods sold (COGS) and Operating Expenses (OPEX) to increase profitability. To do this - Corporate procurement managers need visibility into their overall baseline spend. Spend Analytics Services empower your process of collecting, classifying, and analyzing corporate purchasing.
As more and more companies turn to solutions such as Ariba, Coupa, SpendHQ, ProcurePort, Sievo, and Procurify to control their procurement. Spend Analytics services allow you to visualize expense data to reduce costs, improve efficiency, and monitor your supplier compliance.
To optimize their supply side performance by integrating spending data from across the enterprise, Spend Analytics services assist organizations like yours thereby enabling executives, managers, and frontline employees to make more informed and actionable decisions.
Choosing the right Spend Analytics Technology is the key to success. Having software that gives you the visibility to determine if vendor shopping or vendor discounts can be taken advantage of can often be instrumental to improving your bottom line. Using these software tools enables procurement managers to buy the right products and services, which in turn drives insights and supports the right decisions at every stage of managing your operating expenses.This includes:
- Improving processes and managing spend
- Quantifying and delivering savings including vendor discounts
- Managing supplier relationships, recovering over-payments and managing risk.
MindStream Analytics is a premier consulting and application managed services firm dedicated to helping clients enable better decision-making. With over a decade of experience in the analytics and Enterprise Performance Management (EPM) space, MindStream offers customers business intelligence and analytics tool selection, predictive modeling development, delivery optimization, and best practices for financial planning and budgeting. MindStream guides our customers to solutions that enhance business modeling that enables better analysis and insight into their data.
MindStream can work with your team to provide a detailed Spend Analytics Roadmap. The roadmap offers a detailed path of how to gain insight into your data no matter the number of legacy systems.
Learn more by downloading our free White Paper.
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OneStream CPM
OneStream aligns to your business needs and changes more quickly and easily than any other product by offering one platform and one model for all financial CPM solutions. OneStream employs Guided Workflows, validations and flexible mapping to deliver data quality confidence for all collections and analysis while reducing risk throughout the entire auditable financial process.