Best Spend Analysis Software

Oracle Spend Analysis Software allows the executives to effectively manage the procurement process with quick scan of direct as well as indirect spending across the entire value chain and tap the saving opportunities. The software includes pre-built data models and more than 100 metrics, which facilitates faster implementation at reduced risks as compared to traditional BI applications. Oracle Spend Analysis Software is available to use in conjunction with Oracle Exalytics, the company's in-memory platform, which further improves the speed of data analysis and provide the insights within a fraction of time. The support for large number of concurrent users in an enterprise with competence on mobile and tablet of procurement and spend analytics solution positions the company among the leading solution providers in the market. Oracle Spend Analysis Software offers solution as a complete package with inclusion of associated services.

SAS Institute offers SAS Spend Analysis as its product offering to the spend and procurement analytics market. SAS Spend analysis is one of the integral components of SAS SRM, an integrated set of data management and analytic applications that help organizations gain greater insights into all aspects of the procurement activity, leading to more effective strategic sourcing decisions. Difficulties reducing the procurement spend can often be traced to a lack of visibility across suppliers and commodities. SAS Spend Analysis provides a lower and upper boundary criterion for each evaluation, which can be adjusted dynamically unlike the fixed weights used in a traditional weighted averages method. This helps reduce the total spend and supplier risk, and allows organizations to determine which suppliers are best suited for their company's needs. Procuring data visibility, maintaining data quality, best practice reports for identifying cost-saving opportunities, and supplier rankings based on user-specific criterion are some of the features of the SAS Spend Analysis. SAS Sourcing Strategy is available as an add-on to SAS Spend Analysis, enabling users to create user-defined business rules for narrowing down the ordered list of suppliers and recommending the best way to achieve the procurement goals. SAS provides a single-user license or mid-sized business solutions for its client's organization.

IBM Spend Analysis Software are under its flagship Emptoris product category. In 2012, IBM acquired Emptoris, a sourcing and spend management solutions developer, to add spend analysis, contract management and procurement solutions to its product portfolio. Today, IBM recognized as one of the leading players in the global spend analytics market. IBM Spend Analysis Software - Emptoris helps to consolidate, cleanse and classify spend data captured from dispersed systems. The enterprise-wide visibility helps to gain a full and accurate view of spending with the identification of broad spending trends with the help of real-time dashboards. This allows the users to view spending across wide parameters such as a commodity, cost center, payment terms and geography among others. Moreover, the risk prioritization feature enables the users to manage procurement in a better manner considering factors such as price fluctuations, supplier terms among others.

Jaggaer Spend Analysis S2P solution comprises spend analytics, sourcing, contract management, supplier management, eProcurement, chemical management, and account payable and saving management. SPEND RADAR is a Jaggaer Spend Analysis solution offered by JAGGAER, which performs analysis on spend and non-spend data. The flexible deployment model used for the solution can use data from any disparate source. The Data Manager component is used to clean data collected from these sources and then classify it within the Master Data Management (MDM). The categorized or uncategorized data can be improved by third-party suppliers and market content to further improve its quality and reliability. Pre-built reports, dashboards, and configured templates form a powerful reporting system, enabling the proper delivery of data to respective stakeholders. Send Radar provides up-to-date information to organizations of all sizes, using the most comprehensive spend analysis tools. Broader procurement analytics can be performed using additional non-spend data sources that also automate the purchasing process; drive contract compliance and inventory management solutions that find, source, and track chemicals, and research supplies. It also comprises accounts payable solutions that automate the invoice processing and vendor payment processes, and a supplier network that provides a single platform for various supplier interactions. The company provides solutions on-demand over the internet, using the SaaS model. Jaggaer Spend Analysis also provides professional services, which help teams categorize MDM at regular intervals (weekly/monthly). Customer support and online training provide a readymade platform to resolve queries and inculcate practical knowledge to the Send Radar users.

Coupa Spend Analysis Software provides a cloud-based spend management platform, comprising the procurement, invoicing, and expense management modules, which together form the transactional engine and help capture the company's spend, under management. The platform also includes supporting modules, such as sourcing, analytics, contract management, supplier management, inventory management, and storefront, which help companies manage their spend transactions efficiently. Coupa Spend Analysis is highly integrated, with a broad range of capabilities, which would otherwise require the purchase of various applications. Moreover, it is user-friendly and reduces the complexity by providing a mobile-enabled internet-like experience to the consumer, by which, users across the entire organization as well as suppliers can use it. Dashboards and reports can be delivered in real-time, thus helping companies identify problems and making better spend decisions. Coupa provides professional services, such as implementation, which helps organizations in using Coupa's spend management platform more efficiently. Coupa Spend Analysis Software also provides supplier enablement service, by which, companies can get suppliers onboard, without much effort.

PROACTIS is globally recognised for its spend control and eProcurement solutions, catering the solutions to both SMEs and large enterprises. The company constantly aims to improve its product offerings and expand its customer base. Presently, the company is working on diversifying its spend and procurement product suites.

Zycus, which purely deals with strategic sourcing and procurement solutions, has garnered its position among leading vendors in the spend and procurement analytics market. The broad range of offerings under strategic sourcing and procure-to-pay suites has enabled the company to expand its client list across the globe. Especially the strategic sourcing suite, which encompasses spend analysis, contract management, supplier management and project management solutions, is highly adopted among customers. Zycus Spend Analysis solution comprised of AutoClass, iCost, iMine and iAnalyze modules empowers the users to easily monitor trends across enterprise wide spend data with the help of advanced visualization. These solutions provide complete package for procurement issues with built with notable features such as AI based automated spend data classification, multi-language support and supplier information regarding commodity prices. To strengthen its position and better serve the customers, the company provides world class customer support through various regional consulting service providers. Some of the major partners of the company in this domain include Current Consulting, ITC Infotech and OPTIS Consulting.

Rosslyn Data Technologies plc provides a single platform to conduct detailed spend analysis, manage contracts, monitor supplier performance, and identify supply chain risks. Rosslyn Spend Analysis makes use of patent pending technologies built into the RAPid platform, to integrate, cleanse, and enrich raw data, so that it is always ready for analysis. The data is extracted from disparate legacy IT systems, using vendor certified connectors for SAP and Oracle, and aggregate it into one data set. Machine learning technologies are used to auto detect and correct data, and data can also be refreshed based on the client's preference. Rosslyn Data Technologies provides a large library of sources, which can be connected to the clients spend data, and pre-existing dashboards and reports can be used to analyze the data. Advanced line-item categorization can also be performed, so that the client can moderate every aspect regarding their purchases. Added features in the spend analytics offerings, such as self-service cleansing, self-service data classification engine, data enrichment apps, and report building functionalities help attract more customers. Rosslyn Data Technologies also has a dedicated support team to cater to customer queries and grievances.

Ivalua Procurement Solution comprised of spend management, contract management, sourcing, supplier management, invoicing and spend analytics solutions to organizations in large companies. These solutions are offered into a single package which enable the company to meet the diverse procurement requirements of the customers with faster speed and simplicity through centralized platform. The recent developments such as product innovations and new partner deals added 30 new customers to its customer base and expanded its presence in Asian region. Its strong and differentiated product offer flexibility and faster vertical integration, which attributed well client retention rate in the market.

BravoSolution offers integrated strategic procurement platform to better manage their supply management and reduce risks. The BravoAdvantage Analytics enables the business users to extract actionable intelligence based on data BravoAdvantage platform and ERP and other systems.

Empronc’s product, BAZ, is an enterprise spend process management product, comprising 20 modules, which help enhance productivity, compliance, and cost-saving, across organizations. Budget management, vendor management, contract management, catalogue management, and travel management are a few modules provided on BAZ.