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Spend Radar

Drive and Measure Cost Savings

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SciQuest’s Spend Radar solution offers spend analysis management solutions for procurement and finance professionals. With more than $4 trillion in spend processed through the SciQuest spend analysis system to date, our software allows clients to conduct the comprehensive, accurate analysis necessary to drive and measure cost savings. Our customer-driven approach, with a dedicated team of SciQuest’s experienced procurement professionals, means that your data is collected and classified according to your specific business requirements. Our collaborative approach also ensures ongoing accuracy of your data so you can be confident in making sourcing and procurement decisions based on valid and factual information.   

Get ready to improve your sourcing success and gain insight into operational inefficiencies with extensive spend analytics that includes out-of-the box reporting and many flexible data extracts. Our software represents the next generation of spend analysis solutions. Key business decisions cannot be made based on spend and supplier data alone. SciQuest Spend Radar is designed with a flexible data model that can process any data to provide unmatched analysis across all spend data sources. The solution enables clients to collect data on market trends, contracts, forecasts, KPIs, real-time commodity indexes, and any number of other different data points to give your organization access to the full picture. It is easier than ever to get high-quality, high-volume spend analytics data in days, not weeks or months.

Benefits

Features

Delivery

Results

Gain business-changing spend analysis insights

Research from Aberdeen states that “Organizations leveraging a fully-automated system for spend analysis experience an average savings of 11% from sourcing efforts.”

With SciQuest’s Spend Radar solution, you will realize:

  • A complete view of organization-wide spend from all of your spend and supplier data sources
  • Easy-to-use visual reporting and analysis module
  • Reusable templates with your company's look and feel
  • A single source of truth for all spend-related and supplier-related data
  • Consolidated, categorized data in one language for a complete, global solution
  • Ongoing data accuracy to help make actionable procurement and sourcing decisions  

SciQuest Spend Radar Reporting and Analysis offers an easy-to-use graphical user interface for all of your organization's spend analytics. Populated with standard, pre-built reports as well as customer-specific reports, Spend Radar's Reporting and Analysis features provide you with accurate and complete spend-related data, allowing you to make business decisions based on the most complete and up-to-date spend analysis information available.

SciQuest Spend Radar Data Manager is the starting point for accessing quality data. It is a flexible, high-quality master data management module for power users that has been specifically tailored for ongoing management of organization-wide spend and related data. Your dedicated team of SciQuest consultants uses the Data Manager tool to collect, cleanse and classify all data based on your organization’s unique requirements. Enrich your existing data with third-party supplier and market content, increasing data quality and spend analysis reliability. Once your data has been classified, Refresh Manager manages and maintains ongoing changes to your supplier groupings and structure and updates your spend data classifications. Using Refresh Manager, your team of SciQuest consultants is able to quickly process your spend data refreshes on your own schedule. Refresh in one day instead of two weeks.

SciQuest’s Spend Radar is a Software-as-a-Service (SaaS) solution that can be accessed anywhere, anytime. Choose the delivery option below that best suits your business needs:

  • Take advantage of our experienced solutions consultants to do the data management and maintenance for you—collecting all of your spend and supplier-related data, cleansing it and classifying it to your specifications. You have access to the modules at all times and have full visibility into the entire process, ensuring the accuracy and timely progress of your spend analysis.
  • Allow our experienced SciQuest solutions consultants to do the heavy lifting for you, then license the modules yourself for ongoing management and maintenance. Our solutions consultants are ready to assist you at any time with any additional requirements.
  • License the modules for your own use and have complete control over your own collection, cleansing and classification using a robust master data analytics and management module that was designed specifically for spend analysis.
  • Increased cost savings
  • Improved compliance
  • Significant insight into suppliers
  • High-quality price analysis and spend analysis trends
  • Ability to make actionable sourcing and supplier-related decisions based on comprehensive and accurate data

Spend Radar and the SciQuest Suite!

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Explore Our Full Suite Of Cloud-Based Spend Management Solutions

Manage your spending, suppliers, contracts, sourcing, shopping, inventory, and accounts payable more efficiently!
Take a look at the SciQuest cloud-based spend management solutions