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Spend Radar

Drive and Measure Cost Savings

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With more than $4 trillion in spend processed through Spend Radar to date, our spend analysis software allows procurement and finance professionals to conduct the comprehensive, accurate analysis necessary to drive and measure cost savings.

Gain an Organization-Wide View of Your Spend Data

Know what you are spending and with whom across multiple locations, languages, business units, and currencies. Spend Radar accepts data from multiple sources in any format, providing flexibility in the way data is collected and classified.


Improve Contract Compliance

Minimize spend leakage and maximize the value of negotiated savings by monitoring contract compliance. With Spend Radar, you can easily identify how much you are spending on and off contract and identify the top areas for improvement.


Make Informed Sourcing Decisions

Spend Radar classifies ≥95% of spend with ≤90% accuracy and provides you with an automated and repeatable process that gives you the intelligence you need for making informed business decisions.

80% 95% 98%
Supplier Impact Only highest spend vendors are classified Highest spend vendors and the majority of low to mid spend vendors are classified Only small send vendors or small spend transactions are left unclassified
Category Impact Largest spend categories are partially classified Majority of spend categories are classified Vast majority of spend categories are fully classified to item level
Opportunity Impact LARGE opportunities identified "Low hanging fruit" LARGE AND MEDIUM opportunities identified ALL LEVELS of actionable sourcing opportunities can be identified
Data Accuracy Directional Informative Actionable

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

~Source: Aberdeen Group

Why SciQuest?

Many solutions offer a trade off between quality and the ability to collect and classify data quickly. We refuse to make that sacrifice. We can turn around data classification (and ongoing monthly refreshes) quickly, while maintaining the quality of the data in the process.

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.

SciQuest grows with our customers as they mature their processes. Spend Radar enables you to analyze and understand spend, and, with the rest of the SciQuest suite, we enable you to control and optimize spend. Because you can grow into the suite, we enable you to protect your investment.

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!

View The Full Suite

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