Spend Analytics

Spend analytics - Business Intelligence

Spend analytics is critical to understanding your organization's spending patterns, identifying savings opportunities, and auditing both user and supplier compliance. The large number of off-catalog, uncategorized requisitions makes most Eprocurement system data difficult to analyze. So SciQuest built in a solution to deliver strategic spend analytics.

Spend Director, SciQuest's powerful spend management solution, provides key standard reports, as well as line-item requisition data for custom analysis, significantly increasing enterprise spend management initiatives. SciQuest's reporting function, Business Intelligence, allows procurement and accounting professionals to analyze spend at the supplier, commodity and requisitioner levels. Business Intelligence also enables the building of custom queries to support compliance reporting requirements. This effective reporting tool helps users understand enterprise spending and usage patterns, identify savings opportunities, and audit both user and supplier compliance.

Business Intelligence delivers powerful spend analytics

• Purchasing transaction analysis - real-time summary information related to purchase requisitions and purchase orders.
• Supplier spend analysis - real-time summary information related to preferred and non-preferred supplier spend.
• Detailed spend data extracts - monthly updated, detailed, line item data for use in a third-party tool of the customer's choice, such as MS Access, Brio, or Crystal Reports.
• Catalog change analysis - information regarding proposed changes to supplier catalogs, including customer-specific pricing.
• Usage analysis - metrics on how the SciQuest procurement system is being utilized across an organization, including session counts, unique users, and catalog searches.