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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