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:

Register for the live Purchasing Magazine webcast: Building a Business Case for a Spend Analysis System at Your Company – June 27th, 2:00PM Eastern (11:00AM Pacific) – Hear insights from Mitch Plaat, Vice President of Procurement at Con-way Inc. and Paul Teague, Editor-in-Chief of Purchasing Magazine on how to get a new spend analysis initiative funded.

Numerous other customers have achieved comparable success. Contact us to learn more about how companies have saved millions with Emptoris Spend Analysis.

Download the whitepaper Achieving Spend Visibility: Benefits, Barriers, and Best Practices - Learn how companies are achieving substantial bottom-line savings through a more complete and accurate view of their enterprise-wide spending.

Read the case study Merger Planning & Integration with Emptoris Spend Analysis - In this disguised case study, find out how two Fortune 500 banks used Emptoris Spend Analysis to rationalize their spending and supply base to maximize savings quickly and smoothly during their merger and integration.