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Home : Solutions : Spend Analysis : Business Benefits

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LEVERAGE TOOLS AND INTELLIGENCE THAT DRIVE SUPERIOR RESULTS

Leverage Empower Succeed
  • Un-leveraged & off-contract spend views
  • Demand aggregation decision intelligence
  • Advanced commodity by supplier insights
  • Clear duplicate part sourcing visibility
  • Spot contract establishment savings opportunities
  • Conduct enhanced-leverage negotiations
  • Leverage consolidated supply in negotiations
  • Identify substitutes and rationalize parts
Identify savings opportunities
  • Spend with non-approved suppliers views
  • Budgeted vs. actual spend comparisons
  • Flexible price consistency analytics
  • Consistent best-practice workflows
  • Reduce maverick spend and drive approved-source buying
  • Drive budget compliance and preserve cost reductions
  • Prevent price inconsistencies and pay lowest price
  • Reduce off-policy practices and drive compliance
Drive policy and contract compliance
  • Measure-rich, enterprise-wide spend views
  • Purchasing policy compliance visibility
  • Single enterprise "source of truth"
  • Purchasing activity record repository
  • Oversee spend and confidently review policy compliance
  • Put controls in place and reduce improper practices
  • Prepare for regulatory and financial reporting
  • Ensure that procedures and policies are adhered to
Create an auditable record of enterprise spend
  • Supplier grouping maintenance tools
  • Classification closed-feedback loop
  • Spend performance goals and metrics
  • Scheduled reports and reusable templates
  • Manage and maintain supplier groupings and structure
  • Improve classification based on captured insights
  • Accurately track and measure goal performance
  • Accelerate and improve procurement collaboration
Ensure best-practice continuous improvement in sourcing and vendor management

LEARN MORE ABOUT EPIQ SPEND ANALYSIS