Spend Analysis Solution
Gain intelligent analytics to drive performance through fact-based decisions
You need to have your finger on the pulse of your business. When data comes in, you slice, dice and splice it to ferret out critical insights, big ideas and unseen advantages. Now you can use the most advanced analytics available to turn data into a strategic driver.
Things it will do for you
Accurate, consistent, timely, and detailed visibility into spending. Turn comprehensive spend visibility into opportunities to deliver higher savings, lower risk and greater compliance. Consolidate each vessel’s data and route expenditure with analytics cubes—customized with your own added indicators and dimensions.
Analytics that provide reports and dashboards that make it easy for users to manage KPIs proactively, spot problems, identify their causes and take action across the entire Purchase-to-Pay cycle. Arm your business with pre-packaged KPI dashboards from day one, leveraging real-time spend data to give you immediate control.
Savings’ goals and real-time updates for each vessel or transit will allow for efficient allocation of resources throughout the year to best achieve savings. Tracking the achieved savings allows for understanding corporate best practices and lessons learned to apply to other services or products.
Better information, better relationships, better business decisions. Having a clear and concise information on prices gives you a strong advantage in negotiating with suppliers to get the best conditions. With wide overview & full visibility into spending, you’ll identify realistic negotiation opportunities.
Now you can enhance the overall performance of your company. Give everyone actionable insights that help your organization to manage spend, remove waste, cut costs and optimize use of working capital. Improve your organization’s agility and financial performance to set your company apart from the competition and increase profits.
Be just clicks away from all the interrelated data—sourcing, spend, contract, supplier profiles, supplier scorecards—you need to accelerate procurement performance. Executive analytic insights aggregated on dashboards give you advanced reporting and business intelligence for targeting and hitting strategic goals.
Insights that Move the Needle
Aggregate and celebrate the vision to precision.
All your data in one place overlaid with actionable conclusions & frameworks for strategic initiatives. Using analytics, insights & intelligence to make smarter decisions.
how does it work for me?
“Enterprises using Spend Analysis tools have been able to achieve 5%-20% cost savings for each new dollar of spend under management.” – Aberdeen Group
When spending meets visibility, it’s analytics.
Inside financial performance
Accurate, consistent, timely, detailed visibility into spending. Analytics that provide reports and dashboards that make it easy for users to manage KPIs proactively, spot problems, identify their causes and take action.
Better financial decisions
Track your vessel’s spend, control expense patterns & manage budgets more proactively to make better, more informed & fact-based financial decisions. Aggregate spend data from different vessels & classify the data into a common structure to perform multi-dimensional analysis.
Empower Decision Makers
Capture operations-wide purchasing and payment data immediately to drill down into working capital, cash flow and operational performance metrics, as well as many other financial KPIs. Provide decisions makers with actionable insights that help everyone in your organization to manage spend, remove waste, cut costs and optimize use of working capital.
Our platform is web-based and fully in the cloud making it more accessible anywhere and anytime. It can be easily integrated with your existing ERP and major accounting softwares. That’s total operational agility with a click or a swipe.
The ability to monitor real-time spending will enable you to identify patterns on which you can act ensuring alignment of goals and budgets. It will empower your negotiations as you aggregate demand across your organization.
Essential products & services
With our advanced spend module solution, you can now identify products and services that are most consumed and apply economy of scales. Leverage and rationalize suppliers to optimize your supply base. Capitalize on purchase price variance savings opportunities.
Unified budget visibility
Empowered everyone to make better financial decisions. Each and every user can be more self-reliant and agile by harnessing interactive data visualization technologies in their financial decision-making. Gain deeper insights and convert everything your company does into actionable intelligence. See it all on a consolidated dashboard, convert data into control.
Real time information
Now your reports are always updated automatically and it gives real data up to the minute and last dollar spent. This will help track your spending and avoid over spending and improve projections. Helping you prioritising your plans and goals.
How does it empower suppliers?
Giving beyond discounts and deals.
When analysis meets decisions, it’s success.
TURN SUPPLIERS’ Small Business to Smart Business
Empowering your suppliers to become a smart business will cut down on their costs from human capital and other corporate expenses enabling them to focus on servicing your business with lowers costs. You are preparing them for success through efficiency. They will return the favor to you; passing the savings on to you.
Better Information = Better relations
The more your suppliers know about your corporate goals & KPIs the better and more effective they would be in winning your business and relationship. The platform will enable suppliers to know more about your demands and more about their services. When bidding next time supplier will make sure to get you competitive prices. Or when you share your score cards they will ensure providing you with better quality.
Visibility & Analysis = Better Decisions
Now your suppliers can know where they lose your business and can become more effective in winning your business.
Free of Cost = Savings onto you
The powerful tools and solutions our platform provide to suppliers are all free of charge.
Ready to use intelligent analytics & insights to make smarter decisions?
Marine RFQ Spend Analysis will improve strategic decision making based on accurate and actionable spend data If you lack the ability to analyze spend data in your organization, you are missing a tremendous opportunity to identify and drive total cost savings and take advantage of untapped opportunities.
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