Best Spend Analysis Softwares

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Comparing 38 vendors in Spend Analytics Software across 129 criteria.
  • 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.

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    • Enterprise
    • California, USA
    • Founded: 1977
    • $10BN to $50BN
    • 1,00,001 to 5,00,000
  • 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.

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    • Enterprise
    • North Carolina, USA
    • Founded: 1976
    • $1BN to $5BN
    • 10,001 to 15,000
  • With SAP SE, businesses of all sizes can benefit and improve their operations. SAP SE originally began as a tool to plan entrepreneurship and leadership operations. Now, it has grown as software which encompasses all essential data analytics and procedures for an organization. With SAP SE, over 200 million users have been able to ensure that their business has an advantage. Now, you can get better and faster insights into your data which helps you adapt your business operations.

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    • Enterprise
    • Weinheim, Germany
    • Founded: 1972
    • $10BN to $50BN
    • 75,001 to 1,00,000
  • 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.

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    • Enterprise
    • New York, USA
    • Founded: 1911
    • $50BN to $100BN
    • 1,00,001 to 5,00,000
  • Jaggaer is a cloud-based business automation solutions provider for spend management. Jaggaer Spend Analysis technology acts as an online broker to help customers obtain goods and services from suppliers. The company mainly caters to the verticals of manufacturing, life sciences, education, and government. Jaggaer Spend Analysis is a cloud-based business automation solutions. The company mainly caters to the verticals of manufacturing, life sciences, education, and government.

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    • Enterprise
    • 501 to 1,000
  • 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.

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    • Enterprise
    • 501 to 1,000
  • 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. Its product Rethink Spend is integrated suite of source to pay solutions that streamline every aspect of buying and paying for all types of goods and services while eliminating risk.

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    • Enterprise
    • 501 to 1,000
  • 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.

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    • Enterprise
    • 501 to 1,000
  • 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. 

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    • Enterprise
    • 501 to 1,000
  • Ivalua Procurement Solution comprised of spend management, contract management, sourcing, supplier management, invoicing and spend analytics software 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.Its strong and differentiated product offer flexibility and faster vertical integration, which attributed well client retention rate in the market.

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    • Enterprise
    • 501 to 1,000
  • Wax Digital provides eProcurement and AP automation solutions that bring process efficiency, cost saving opportunities and greater financial control throughout the entire purchasing lifecycle. It offers WEB3 Procurement Software Suite which is cloud based. It streamlines buying process and revolutionize procurement and finance work.

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    • Enterprise
    • 501 to 1,000
  • BravoSolution offers integrated strategic procurement platform to better manage their supply management and reduce risks. The BravoAdvantage Spend Analytics Software enables the business users to extract actionable intelligence based on data BravoAdvantage platform and ERP and other systems.

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    • Enterprise
    • 501 to 1,000
  • Basware provides networked source-to-pay solutions, e-invoicing and value added services. It removes the need for paper invoicing with e-invoicing and help streamline the procurement process. It offers Source to pay solution which is the collection and aggregation of financial data across entire operations in one single platform.

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    • Enterprise
    • 501 to 1,000
  • Having a visual account is very important, and the procurement and spend analytics software from Visual BI is helpful towards all businesses. The software helps to consolidate and track the General Ledger account and categorize it by region, gender and other criteria. The platform has been loved by many because of its usability and easy-handling. The finances can be tracked in one of the best ways possible, and the accounts team will be happy to have the software.

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    • Startup
    • 501 to 1,000
  • ProcurePort is a purchasing system that is hosted by Cloud. The software offers companies a secure and single platform, which helps control various spend operations. The software also provides multiple functions like incorporating invoicing, budgeting modules, sourcing modules, contract compliance functionality, expense functionality, and much more.

    With the help of the online vendor catalogue, the users can also manage and onboard the vendor details with utmost convenience.

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    • Enterprise
    • 501 to 1,000
  • Determine Inc. acquired by Corcentric is a company that has dealt with the spend analytics of several industries, and they are eager to help out those businesses that want to find out the spend and risk factors. They have a unique platform Source-to-Pay and Enterprise Contract Lifecycle Management  which combines best practices and best-in-class functionality on a single platform. It is one of the best platforms for spend management efforts. They also provide secure solutions, and one can flip the switch whenever they need to.

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    • Enterprise
    • 501 to 1,000
  • Corbus LLC is a known name in the world of spend analytics, and their platform does a great job of assimilating the crucial data to classify it and securely present the data. The company excels at leading process improvements. They take care of the whole supply chain so that the price can be reduced accordingly. The company also focuses on action-oriented insights which are helpful to the business to set their future goals.

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    • Enterprise
    • 501 to 1,000
  • 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.

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    • Enterprise
    • 501 to 1,000
  • SPENDHQ is spend analysis software that provides accurate and detailed visibility into spend data. It is full-service SaaS spend visibility solution that delivers actionable insight for sourcing and procurement professionals.

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    • Enterprise
    • 501 to 1,000
  • Sievo provides SaaS procurement analytics solutions which include Spend Analysis, Savings Lifecycle, Spend Forecasting and Contract Management. It specialises in transforming heterogeneous procurement data from any source to business value that hits the bottom line. Sievo's proprietary data extraction, classification and enrichment software provide total spend visibility for some of the world's largest and most complex procurement organizations.

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    • Enterprise
    • 501 to 1,000
  • Synertrade is an eProcurement software solution used for business acceleration. This solution provides a complete purchasing process automation to make business easy. Synertrade accelerate is a fully customizable software solution which can be tailor-made according to your business requirement. Available in more than 20 languages with native global support, it the most trusted eProcurement software solution in the industry. Synertrade accelerate helps to minimize the risk of unwanted procurement and reduces your substantial operational cost.

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    • Enterprise
    • 501 to 1,000
  • Qlik Technologies Inc aims to empower its clients with data analysis. With Qlik, there is no preconceived data that this analytics software is looking for. Qlik believes that you shouldn’t have to analyse data to satisfy a query. Instead, you can notice a pattern and swoop in to see where it leads. Hence, they allow greater flexibility to their clients.

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    • Enterprise
    • 501 to 1,000
  • Palette Software solutions automate connecting and matching of purchase orders, invoices and contracts, on-premise or in the cloud. Palette’s Purchase to Pay Automation controls, regulates and automates company’s purchasing policies. It enables automated purchase requisitions with complete visibility to the expenditure request and reduces indirect spend.

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    • Enterprise
    • 501 to 1,000
  • Precoro is the B2B SaaS Company which helps organization’s to control the purchasing process and reduce manual work with cloud solution. It streamlines business with a unified procurement system and also controls spend management.

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    • Enterprise
    • 501 to 1,000
  • ElectrifAi’s Procurement Ai Suite is a cloud-based solution that combines the power of artificial intelligence with deep domain expertise to enable procurement and contracting leaders to quickly and efficiently capture new savings opportunities and uncover hidden risk that would otherwise be impossible.

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    • Enterprise
    • New Jersey, US
    • Founded: 2004
  • ANGOSS Software Corporation is predictive analytics software that helps business users in finding solutions primarily for insurance services, financial services, health care, retail, and information communications and technology organizations. The software is embedded with analytic modelling capabilities that will help the users in instantly generating actionable insight from the available data. It is a highly flexible data analytics platform created for data scientists.

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    • Enterprise
    • Michigan, USA
    • Founded: 1985
    • $101MN to $500MN
    • 1,001 to 5,000
  • Domino is a data science platform that enables data science teams to rapidly develop and deploy models. Domino provides Data Science Platform which enables automatic tracking of work for reproducibility, reusability, and collaboration.

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    • Startup
    • California, USA
    • Founded: 2013
    • $11MN to $50MN
    • 101 to 500
  • The inbuilt ETL interface of Exago Inc spend analytics software does not need the construction of cubes to absorb data from disparate sources and writes directly to the SQL database. Exago INC software is a hundred per cent web-based and end-to-end business analytics solution that is designed to be installed in web-based applications. . Exago Inc software is able to run around six thousand ad hoc reports daily.

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    • Startup
    • Connecticut, USA
    • Founded: 2006
    • Below $10 MN
    • 51 to 100
  • In today's developing world, powering decisions always prosper that works for the betterment of the individuals. Fair ISSAC Corporation is a spend analytics software that helps businesses to foster, automate and connect decisions. This software helps businesses in more than ninety countries to make better decisions. This helps them in driving higher levels of growth, profitability and excellent customer satisfaction. FICO extensively uses one of the best analytics software that helps in preventing financial crime by using advanced Artificial Intelligence and Machine Learning methods.

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    • Enterprise
    • California, USA
    • Founded: 1956
    • $500MN to $1BN
    • 1,001 to 5,000
  • Greenwave Systems Inc. is a company that has become a necessity for businesses in the modern world. They are based on the Internet of Things technology which helps businesses to remain connected, and they also provide a spend analysis software in their AXON platform. Their idea was to build a wholesome platform for companies where they will get to know about the problems and also find the solutions in some of the simplest ways.

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    • Startup
    • California, USA
    • Founded: 2008
    • $51MN to $100MN
    • 101 to 500

EVALUATION CRITERIA

Below criteria are most commonly used for comparing Spend Analytics Software tools.
4.01
3.88
3.86
  • Geographic Footprint

    • Direct Presence- North America

    • Direct Presence- Europe

    • Direct Presence- Asia-Pacific

    • Direct Presence- Middle East and Africa

    • Direct Presence- Latin America

    • Sales Offices/Development Centers - North America

    • Sales Offices/Development Centers - Europe

    • Sales Offices/Development Centers - Asia-Pacific

    • Sales Offices/Development Centers - Middle East and Africa

    • Sales Offices/Development Centers - Latin America

    • Indirect Presence- North America

    • Indirect Presence- Europe

    • Indirect Presence- Asia-Pacific

    • Indirect Presence - Middle East and Africa

    • Indirect Presence- Latin America

  • Sectors Catered

    • Customized Solutions Offered

    • Plans to cater new verticals in next 2 -3 years

    • Industry Verticals

      Manufacturing | Retail & Ecommerce | Government & Defense | Healthcare & Lifesience | Telecommunication and IT | Energy & Utilities | Others - industry verticals |
  • Partner Ecosystem

    • Strategy to manage distributors across the globe

    • Strategy to address new target audience

    • Type of partner ecosystem

      Distributors | System Integrators | Value Added Resellers (VAR) | Consultants | OEMs | Managed Service Providers | Other partner ecosystem |
  • Viability

    • Total Revenue

    • Ownership and ticker symbol

    • Expected revenue growth rate (in %)

    • R&D Spend

    • Spend analytics & procurement analytics customers

    • Effectiveness of Organic Growth Strategy

      New product launches/enhancements in last 3 years | New customers acquired in the last 2 years | Business Expansion Strategy |
    • Regional Revenue

      Revenue- North America | Revenue- Europe | Revenue- Asia-Pacific | Revenue- Middle East and Africa | Revenue- Latin America |
  • Mergers and Acquisitions Served

    • Mergers and Acquisitions

    • Joint Ventures

    • Partnerships and Collaborations

  • Feature and Functionality

    • Products/Solutions Offered

    • Product variants or licenses (such as enterprise, professional) offered

    • Scalability

      Minimum hardware and/or OS configuration required | Product Scalability |
    • Type of analytics

      Predictive Analytics | Prescriptive Analytics | Descriptive Analytics |
    • Software Offered

      Real-time analysis | Visualization | Financial Analysis | Sourcing Analysis | Compliance Management | Spend Analysis | Others |
    • Professional Services Offered

      Managed Services | Support and Maintenance | Consulting Services (Professional Services) | Other Professional Services |
  • Breadth of Applications Served

    • Business Functions

      Production | Finance | Procurement | Marketing | Other Business Functions |
    • Applications

      Risk Management | Governance & Compliance Management | Supplier Sourcing & Performance Management | Financial Management | Demand and Supply Forecasting | Other Applications |
  • Deployment

    • Preferred mode of delivery

      Subscription / Licensing | Full Time Equivalent | Per User Basis |
    • End-users catered

      Manufacturing | Retail & Ecommerce | Healthcare and Life Sciences | IT and Telecommunication | Governmnet and Defense | Other end-users | Energy & Utilities |
    • Deployment Model

      On-Premise | Cloud |
    • Delivery Model

      Directly | Through Partners / Third-Party Vendors |
  • Support

    • Levels of support (such as silver, gold, and platinum)

    • Customer redressal mechanism/program

    • Support Services Offered

      Technical Support | Customer Support | Sales Support | Others, please specify- support service |
    • Pre-sales support activities

      Software Requirement Specification (SRS) | Product Demos | Others (Please specify)- pre-sales support |
    • Preferred medium of delivery of support services

      Remote Support | On-Site Support |

TOP REVIEWS

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Chief Product Officer,Company Name Classified
Chief Product Officer, Company Name Classified
#21 in Spend Analytics Software 6 Reviews

“User-friendly & Secure"

(*)(*)(*)(*)(*)5
After using Synertrade for a long time, I can say that the software is very user-friendly. Anyone can use it according to his/her knowledge, and it provides the best features of the procurement process to make it as easy as possible. One of the features which I am fond of is its secure way of doing the procedure. Our data has its integrity and is managed accurately through the software.
Senior Consultant - Marketing,Company Name Classified
Senior Consultant - Marketing, Company Name Classified
#0 in Spend Analytics Software 6 Reviews

“The Best Software to Work With"

(*)(*)(*)(*)(*)5
Tibco Software is user-friendly and not complicated. It is easy to figure out the processes as well as to set up automated tasks which allow for greater ease of work. With Tibco, a user can manage and visualise data to help accelerate business decisions smoothly.
Technical Director,Company Name Classified
Technical Director, Company Name Classified
#0 in Spend Analytics Software 6 Reviews

“Actionable Insights for Your Business"

(*)(*)(*)(*)(*)5
I have been using Tibco for several years and would recommend it. Tibco offers intuitive insights which every user can appreciate. Additionally, this software is updated continually, and, hence, every enhancement improves the software further.
Senior Consultant - Marketing,Company Name Classified
Senior Consultant - Marketing, Company Name Classified
#21 in Spend Analytics Software 6 Reviews

“Resourceful in Prediction"

(*)(*)(*)(*)(*)5
We prevented our hefty loss in the upcoming quarter as Synertrade accelerate gave us the loss prediction in advance according to our procurement process. We managed to change our strategy and stopped our massive loss. Its forecast making capability makes it one of the most reliable software for managing the procurement process in the market.
Chief Product Officer,Company Name Classified
Chief Product Officer, Company Name Classified
#14 in Spend Analytics Software 6 Reviews

“Easy to Manage"

(*)(*)(*)(*)(*)5
After hearing a lot about Visual BI, our company decided to use their spend analytics software which has helped us to consolidate the data of our finances simplistically with the right charts that provide the right points.