Rapid Insight From Deep Analysis

With complete and accurate spend data, the final piece to realizing the huge potential benefits of improved spend visibility is to rapidly turn that data into business insight through deep analysis. The business opportunities include:

• Identify opportunities to negotiate new contracts in high spend categories where currently none exists
• Reduce off-contract "maverick" spending
• Discover areas to maximize purchasing leverage through demand aggregation and supplier consolidation
• Instantly identify all suppliers currently providing needed goods and services
• Select suppliers to participate in sourcing activities based on enriched supplier attributes (e.g., preferred or minority-owned vendor, credit risk and performance rating)
• Improve negotiating position by leveraging all spend with a supplier, not just spend related to one negotiation

To achieve the above, companies need a robust analysis solution. And, the Emptoris Spend Analyzer delivers. The Emptoris difference includes:

• Instantaneously slice, dice, and analyze across multiple dimensions
• Refine analysis on-the-fly (without writing reports or complex queries)
• Conduct searches to identify new savings opportunities
• Conduct micro-analysis across 100's of opportunities simultaneously
• Leverage 50 standard reports from a central dashboard & easily add new reports, as needed
• Rapidly drill down to transaction and line item details
• Create reports and cross tabs on-the-fly

Learn more about the Emptoris Spend Analyzer.

Case In Point:

Fortune 50 healthcare company gains deep into spending
	With 28 different financial systems used to process payments, no single vendor master, and decentralized purchasing organizations, spend visibility was a major barrier to achieving greater savings. Buying power across the enterprise was not being leveraged. They utilized Emptoris Spend Data Manager as a service to rapidly aggregate, enrich, and categorize their spend data. Then, with the Spend Analyzer, they put that information in the hands of over 300 business users. End users submitted feedback to improve classifications. Not only did this improve the accuracy and granularity of the classifications, but it drove greater user adoption. Emptoris Spend Analysis quickly became the primary financial system data source for their procure-to-pay program. With it, they:
Identify more savings opportunities Bring greater transparency to supplier relationships and now leverage enterprise-wide buying power during supplier negotiations Deliver more robust reporting for their diversity program

Learn More:

Emptoris invites you to learn more about the Emptoris enterprise spend analysis solution through the following content:

On Demand Webcasts

Building a Business Case for a Spend Analysis System at Your Company

In this webcast, hosted by Paul Teague, Editor-in-Chief of Purchasing Magazine, hear Mitch Plaat, Vice President of Procurement at Con-way Inc. and Bill DeMartino, Director of Spend Analysis at Emptoris, share their insights on how to get a new spend analysis initiative funded at your company.

Books and Whitepapers

“Spend Analysis: The Window into Strategic Sourcing” – Co-authored by by Kirit Pandit and Dr. Haralambos Marmanis, this comprehensive book on spend analysis provides a complete overview of spend analysis best practices and technologies, including dozens of case studies of spend analysis implementations at leading global companies.

“High Performance Through Procurement: The Role of Technology” – Co-authored Emptoris and Accenture, this whitepaper highlights the processes and technology that businesses employ to become procurement masters.

For additional data about how companies benefit from Emptoris technology, visit our newsroom.