Spend Analytics Software: Control Spending and Drive Profits
Corporate procurement managers need visibility into their overall spend. Spend Analytics Software speeds the process of aggregating, cleansing, classifying, and analyzing corporate purchasing.
Many companies are looking to better control their cost of goods sold (COGS) and Operating Expenses (OPEX) visualize their spend data to reduce procurement costs, improve efficiency, and monitor supplier compliance. More and more companies turning to solutions such as Coupa, SpendHQ, ProcurePort, ProActis, and Procurify to control spending.
Spend Analytics Software is meant to help organizations like yours optimize their supply side performance by integrating data from across the enterprise, thereby enabling executives, managers, and frontline employees to make more informed and actionable decisions.
The discipline of Spend Analytics is the linchpin of spend management. It is equally important to have visibility to determine if vendor shopping or vendor discounts can be taken advantage of. Using these software packages enables this, which in turn drives insights and supports the right decisions at every stage of managing your operating expenses.
Once a detailed spend analysis is complete, the available data allows companies to drive profitability, as well as monitor ongoing performance and risk.
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 you.
Partner SpotLight
Oracle
Oracle has the most comprehensive suite of integrated, global business applications that enable organizations to make better decisions, reduce cost
Our Company
MindStream Analytics' senior staff was there at the birth of Business Intelligence. We have been part of building Business Intelligence nationally from its humble niche product status to the ubiquitous analytic tool that it is today. MindStream consultants are well versed in reporting and information management and are ready to help you leverage the power of multiple tier-1vendors. From Oracle Hyperion to IBM Cognos, we can help you select and integrate the right tools for you to better understand your information. MindStream Analytics has experience across a wide variety of industries: Business Services, Consumer Products, Energy, Financial Services, Healthcare, Manufacturing, Transportation , and Telecommunication. We have the depth and breadth of experience to help you deliver actionable information to users.
Case Studies
Accumen
Thanks to the intervention of MindStream Analytics, Accumen's Finance department can now model their business with a new, more organized structure that isn't conventionally available in NetSuite.
Acme Brick
Acme Brick turned to MindStream Analytics for help implementing OneStream to replace their outdated TM1 solution.
Alterra
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ATCO Group
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Avalon
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Bayer Health Care
Bayer Healthcare implemented Hyperion Planning and Workforce Planning in 10 weeks to dramatically streamline their Income Statement budget and Workforce Planning process..
BluEarth
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Celgene
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Cleaver Brooks
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CoorsTek
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Foley Products
Foley Products was facing a significant challenge with its Excel-based actual management reporting system.
Harte Hanks
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Interface
Interface used a complex, manual, excel-based FP&A process for monthly review, and the summary data was loaded in OneStream.
Kymera International
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MacLean Fogg
MacLean-Fogg partnered with MindStream, a leading implementor specializing in modernizing and optimizing enterprise systems.
MEPPI
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OUAI
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Plaskolite
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Redwire
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Simon
Simon's existing corporate Hyperion Financial Management (HFM) production application was consolidating at a rate of seven hours, a performance issue causing great headache to corporate Accounting.
Source Code
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Subway
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UPenn
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USG
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Vantiv
Dividing a hyperion planning application, expanding the hyperion footprint to forecast on the business? Customer categories.
Versant Health
Versant Health engaged MindStream to help resolve the challenges they were experiencing with their consolidation, close, and financial reporting processes.
Virginia Spaceport Authority
The MindStream team implemented the Standard + Workforce NetSuite Planning & Budgeting.
WeWork
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WindStream
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XY Planning
MindStream Analytics, well-versed in addressing such challenges, presented a comprehensive Netsuite solution for XY Planning.