eSpend
Global eProcure’s on-demand eSpend solution offers users an automated method for rapidly analyzing, validating, cleansing and classifying high volumes of spend data quickly and accurately. It is certified for integration with multiple source systems including various versions of SAP. This enables automated data extraction and aggregation from different disparate enterprise procurement transaction systems. The eSpend module offers comprehensive reporting and multi-dimensional analysis and publishes compliance with KPIs on the dashboard. Our tool can analyze spend data from multiple systems and can classify vendors and items into standard UNSPSC and other client-specific commodity schema. We use an Artificial Intelligence (AI) and rule based engine to carry out automatic classification.
Spend Analysis Challenges
Multiple enterprise transaction systems and lack of tools and processes to monitor spend at a global level
Lack of visibility with line-item detail. (Not just category – but at an SKU level)
Ability to measure and track spend in a specific categories, after a sourcing event is completed
Ability to measure and publish spend compliance, on demand
Categorize spend data to multiple taxonomies – both home-grown and standards based such as UNSPSC
Global eProcure's Solution
Automated process providing a higher accuracy and consistency in classification
Spend visibility at the line item level across categories, across business units
Configurable workflow of the classification process to suit customer datasets
Support for multiple industry standards and business-specific taxonomy
Support for analyzing data across multiple geographies, languages, and currencies
Enhanced vendor normalization and parent-child linkage
Capture and apply feedback after reviewing classified output within the tool
Comprehensive reports and multi dimensional analysis with ability to drill-down to line item details
Deep commodity expertise that trains machine driven technology to learn the nuances of spend patterns in an enterprise
Integration with one of the largest global supplier databases for enhanced usability and mining of actionable information
Multiple standards support
eSpend is a flexible and easy to use module that is deployed on-demand to meet the most demanding requirements of an enterprise. What matters most for enterprises is the ability to:
Rapidly deploy a spend analysis solution
Setup a repeatable mode for spend analysis (quarterly, monthly, weekly) and
Publish the spend compliance KPIs on a dashboard.
For more information, please email us at info@globaleprocure.com or request our services here
