Emptoris Spend Analysis Solution

Emptoris Spend Analysis is a robust software solution that may be deployed quickly and flexibly to meet your unique requirements.

Spend Analyzer

The Spend Analyzer provides reports, dashboards, and multi-dimensional analysis for users to quickly and dynamically analyze their spend data to drive better business decisions.

Capabilities

Benefits

Instantaneously slice, dice, and analyze spend across multiple dimensions Empower hundreds of users Analyze spend along dozens of dimensions, including commodity, cost center, GL account, geography, time, payment terms, UNSPSC code, supplier diversity status, and more Ask system questions to identify new savings opportunities Micro-analyze 100's of savings opportunities simultaneously Refine analysis on-the-fly (without writing reports or complex queries) Rapidly drill down to transaction and line item details Create reports and cross tabs on-the-fly Leverage 50 standard reports from a central dashboard & easily add new reports, as needed Analyze 100+ million transactions from dozens of data sources in a single, integrated view Track user adoption by frequency and depth of analysis Gain visibility into supplier performance Control violations and alignment between contract terms and actual spending

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 Understand how much spend is with poor performing suppliers and identify opportunities to move spend from poor performing suppliers to good performing suppliers Track spend against low and high performing suppliers to develop focused supplier development strategies for high spend/low performing suppliers Ensure that actual spending across the enterprise matches contractual levels and terms Reduce off-contract “maverick” spending

Spend Data Manager

The Spend Data Manager leverages Emptoris knowledge bases to deliver automated enrichment and categorization that is both accurate and granular. The Spend Data Manager can be leveraged in two ways. It is offered as a service with Emptoris Spend Analysts using the software on your behalf and returning the enriched spend data directly to your database or making it available via the Spend Analyzer. It is also offered as software; we train your team to use it, load the appropriate knowledge bases, and empower you to manager your spend data directly.

Benefits

Capabilities

Achieve high accuracy in your spend classification Improve insight with enriched vendor and item information leveraging Emptoris knowledge bases Empower in-house resources to frequently enrich and categorize your spend data Adhere to corporate data security policies to keep spend data on premise

Multiple auto-classification algorithms to classify all types of spend—direct, indirect, and MRO, including Bayesian, natural language processing and nearest neighbor Continuous improvement through closed-loop feedback mechanisms and learning, including feedback driven rules and machine learning Taxonomy independant classification to support your business needs, including: UNSPSC, eClass, eOTD, proprietary, and other taxonomies Automatic web crawling to integrate external information from, for example, supplier catalogs Vendor knowledge base Item knowledge base, based on UNSPSC

Real-Time Spend Classifer

The Real-Time Spend Classifier ensures more accurate categorization immediately at the point-of-entry by integrating with transactional procurement or purchase order systems (e.g., SAP, Oracle, Ariba Buyer, home-grown purchasing systems).

Benefits	Capabilities
Classify spend accurately at point-of-entry (e.g., line items in requisitions and purchase orders) Continuously improve accuracy of spend classification Reduce misclassified and “other” spend Improve spend visibility to identify more savings opportunities	Web service that integrates with your transactional purchasing system (e.g., SAP, Oracle, Ariba Buyer) for real-time classification Multiple auto-classification algorithms to classify all types of spend Taxonomy independant classification Vendor knowledge base Item knowledge base, based on UNSPSC

The Emptoris Compliance solution builds upon Emptoris Spend Analysis to deliver additional value, such as spend and contract visibility and procure-to-pay contract monitoring. As well, Emptoris offers the following value-added services to help its customers make the most of their investment in Emptoris Spend Analysis and ensure that it delivers against their business objectives.

FastTrack

FastTrack implementations provide the necessary education, knowledge transfer, and program design to get Emptoris Spend Analysis deployed quickly—typically in three months or less—and in a manner that ensures rapid adoption. In addition to delivering software implementation and user training, FastTrack looks at your spend analysis program holistically to ensure that you will be able to realize your business objectives. In pursuit of that goal, FastTrack may include:

• Analysis of current "as-is" state, including inventory of available systems and data
• Collection and synthesis of reporting needs across various stakeholders
• Development of rapid implementation plan, leveraging spend analysis best practices
• Development of data gathering requirements to maximize the value for purchasing, sourcing, and compliance initiatives

Data Extraction

With individual customers aggregating spend data from over 110 sources, Emptoris understands that data gathering can be a hurdle for many companies looking to improve their spend visibility. Under the Emptoris Data Extraction service, we work with you to ensure your data is properly extracted, transformed and loaded into the Spend Data Manager in a consistent and timely manner.

Opportunity Assessment

This value-added service, offered as part of our consulting services, helps you leverage spend data analysis to identify and prioritize sourcing opportunities, leveraging the Spend Analyzer and other secondary inputs. This includes opportunity modeling, presentation and report development, opportunity prioritization assistance, and program planning. The service is designed to transfer knowledge and expertise, so opportunity assessment can become an internal core competency within your team.

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.

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.