Generating a clear and comprehensive understanding of
enterprise spend across systems and business units

Spend analysis turns data trapped in different locations and formats into valuable spend intelligence that can be used to power effective sourcing. Our web3 solution set for spend analysis comprises the following application module:

Reporting

Modular Architecture         Please click here for a graphical overview of how our web3 Enterprise modules for P2P and eSourcing work together

The complex, multi-entity nature of many organisations – especially those that have grown through acquisition – can often result in silos of spend data held in a range of systems and formats that makes formulating a clear picture of enterprise spend a very difficult and time-consuming exercise.

Just a few of the issues that beset purchasing professionals trying to understand how much they are spending, on what, and with whom in this kind of scenario include:

• Incomplete and inconsistent data: Product codes (on the rare occasions where they exist), descriptions, supplier names – every character of every data line is subject to error and inaccuracy when entered, rendering simple like-for-like comparisons impossible.
• Multiple, incompatible classification schemes: Whether based on a standard such as UNSPSC or a completely bespoke schema, what is certain is that any two views of data in different system will have adopted different and conflicting taxonomies.
• Unpredictable supplier identification: Individual suppliers often proliferate in a single system under slightly different names (the old IBM = I.B.M. situation). Take multiple systems into account and you often find dozens of seemingly separate suppliers that are actually one and the same business, especially when parent and child relationships are taken into account.

Wax Digital Spend Analysis solutions combine service and technology to transform this impenetrable raw data into consistent, structured spend intelligence that directly drives bottom-line savings.