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The Definitive Guide To Modern Spend Analytics

The Definitive Guide To Modern Spend Analytics
Spend analytics reveals opportunities — both tactical and strategic — to save money, make the purchasing process more efficient, and better align expenditures with business objectives. It elevates the purchasing process from a set of workflows to a strategic endeavor.

  • Get 360° visibility of all spend: On-demand reporting, and insights support better decision-making. Visualize your organization’s spending patterns and behavior by monitoring spending trends and projections.
  • Drive savings: See spend by department, vendor, subsidiary, and category to proactively identify cost-saving opportunities.
  • Benchmark operational efficiency: Hit your productivity goals by gaining real-time visibility into your spend processes across a variety of metrics, from invoice processing cycle times to levels of cash back from paying bills.
  • Boost compliance: Track spend under management vs maverick spend. Take timely corrective actions to reduce non-compliant spending.
  • Analyze spend: Slice and dice your spend data and give all stakeholders visibility into spend so that they can optimize costs and improve efficiency.

What you’ll learn from this ebook:

  • What is spend analytics?
  • What is spend under management?
  • Spend analytics and business efficiency
  • Key components of spend analytics
  • Benefits of spend analytics
  • Chosing between a point solution or an integrated one
  • From reactive to proactive procurement
Screenshot of Airbase's Spend Analytics

The benefits to spend management are significant. Ready to learn more?

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