Dynamic spend intelligence

Measuring and understanding spend is a pre-requisite to powering the kind of strategic sourcing initiatives that can deliver major cost reductions to any organisation.

Most businesses, however, simply do not have the data available to them - they have little visibility of how and where money is being spent, whether at an individual level or across the entire enterprise.  

Wax Digital Modules

Spend Analysis

Implemented in conjunction with our Procurement solution modules, Wax Digital Spend Analysis delivers visibility and control of spend across all categories, systems, and divisions throughout their entire source-to-pay cycle.

Dashboard-Based KPI Metrics

All system users are presented with role-based views of real-time spend and performance data to inform and support their day to day activities. Users can see at a glance comparative statistics to determine performance at any level, whether that be tracking NCI spend in their branch or monitoring global compliance rates.

Powerful Data Analytics

A wealth of reporting features deliver continuous visibility into supplier and buyer performance as well as spend, procurement and sourcing processes. Reports can be produced in a variety of formats for print, viewing or export and all are parameter driven, according to individual roles and permissions.

Key solution business drivers and benefits include:

Business intelligence: Users have easy and immediate access to a consolidated view of data from multiple systems, source types and categories across the enterprise, creating a pool of management information that facilitates strategic business decisions.

Process savings: Thousands of man hours are consumed trying to gather and aggregate intelligence from disparate data silos. Easy to access and consume data in a single location delivers huge process savings.

Cost reduction: A clear understanding of spend data facilitates informed sourcing decisions, better contract terms and reduced payments. Supplier rationalisation delivers further savings and improved service.

Compliance: Maverick spend can only be eliminated once it is identified and spend analysis provides business with the tools to put in place effective monitoring and thereby take full advantage of the savings made through sourcing initiatives.
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