Majority of the organizations are missing out on cost saving opportunities because the data and information are often stored in various category classifications and multiple systems across the multiple departments of the company. Unfortunately, the procurement departments do not have the adequate time, technical competencies and resources that can optimize the spend management and spend analysis in order to complete the entire spend data.
Procure Avenue’s spend analysis software empowers our valuable clients to consolidate, compile and manage the projects at a single location and quite easy format that will enable them to unlock the hidden savings. Our spend management software will provide you all the intelligence that you would require in order to improve the organizational efficiency and lower down the costs.
Simple process offered by our software:-
Data & Information Gathering:-
Our efficient software collects the data in any available format and from the various sources. Thus, we ensure that we provide the simplest path to our customers. In short, provide us the data in any kind of format, let it be the way it is available and rest will be taken care by our professionals.
In this step, we will be combining all the files derived from multiple sources in a single file. At the same time, we will also ensure that we maintain the references of the original files. However, the end result will enable you to access the information in one go.
Duplicate Record Cleansing:-
In this step, we ensure that we delete the repeated files and clean off the duplicate records for the easy access to client. This process will ensure that the spend is not calculated for various times during the data analysis and the client can get the accurate data. Besides, this step improves the reliability of the data immensely as well.
Normalization Of The Vendor Names:-
Our professionals will find out and work on the issues such as misspelled names which can lead to unnecessary new entries that can lead to skew the final result derived from the analysis.
Vendor & Supplier Categorization:-
We provide the categorization facility to classify the vendors and suppliers into various categories according to the client’s needs, wants and requirements. By using such categorization, you can make more effective decisions for the organization, formulate & implement proper strategies and enhance the productivity at fullest.
Spend Output Generation:-
This will enable you to have a look at the end result of the entire process that we have carried out in order to analyse your spend data. You can look at these data from multiple perspectives to make stronger decisions for future.
If you have still not implemented the spend management software in your company, then you are definitely missing out on a huge opportunity to save the costs and take the advantage of non-touched opportunities & potential of your company. Make your organization more powerful by availing Procure Avenue’s spend analysis software NOW!!!