Where is spend leaking?
Find the suppliers that are above benchmark and under-contracted. The outliers are usually few, and worth chasing first.
ProcureTRAK is PI's spend analytics platform. It brings your spend data into one place, cleaned and categorised, so you can slice it any way you need. Use it on its own, or with our analysts telling you what the numbers mean.
Spend by category, with the biggest highlighted.
Modern organisations deal with thousands of suppliers and a multitude of goods and services. Spend analysis is how you understand that profile, and the risks inside it.
Get into the detail of each category with filters and insight into who is spending what, and where.
Recognise your great suppliers, and find the mavericks and the over-chargers.
See which departments or functions are buying outside the lines.
Bring together spend from several sources, from your finance system or ERP to credit card data.
Find the suppliers that are above benchmark and under-contracted. The outliers are usually few, and worth chasing first.
Track, measure and verify realised savings against your targets, and see where the next saving might come from.
Analytics describes what happened. PI is run by procurement people, so every view comes with a procurement answer: which categories to go after, which lever to use, and what it is worth.
Analytics showsSpend with a supplier is rising.
PI tells youWhether that is price or volume, whether it is on contract, and which lever to pull: renegotiate, consolidate or manage demand.
Analytics showsA category is your fifth largest.
PI tells youHow fragmented it is, how much of it is on contract, and whether it is worth taking to market.
Analytics showsWhat you paid.
PI tells youWhat organisations like yours pay, and what closing the gap is worth.
Categorisation is laborious and time-consuming. PI cleans and maps every line to one taxonomy, and you stay in control of the rules that decide the outcome.
Every line goes through the same six steps. Play it through, or pick a step. Try the pipe assembly to see what happens when a line does not say enough.
Is this line a product at all? Tax, freight, financing and utilities are set aside before categorisation starts.
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Illustration. The two lines and suppliers are invented; the UNSPSC codes and titles are real.
ProcureTRAK dashboards your whole business can read, from any data source, available in the cloud on any connected device.
Follow spend month by month and see emerging risks before they become problems.
Uncover maverick spend and see which months it is growing in.
Book a demo and we will show you ProcureTRAK with a spend cube built from data like yours.