Spend Analysis

Spend Analysis is the process of collecting, cleansing, classifying and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monitoring controls and compliance.

When you can visualize all your data, you can make better sourcing and supplier decisions. For example: do you have too many suppliers? Do you really know which suppliers you are spending the most with? Are your top suppliers compliant with your organizational standards and relevant regulations? Getting the answers begins with really seeing your data. After all, you can’t save what you can’t see.
“Simplifying doing business with innovative IT solutions”.

What We Offer

We classify data according to company and industry standards, and based on that builds significant dashboards. Our sharp, insightful, actionable spend analysis provides the spend visibility, helps customers to make better, faster, more assertive, significant buying decisions – and negotiate with more power.

Spend Analysis Services by Cymetrix

Cymetrix offers a set of services helps to generate insights and value to your spend.
  • Identify Data Sources
  • Data Extraction
  • Cleansing of Data
  • Data Enrichmen
  • Enhanced vendor normalization
  • Data enhancement including D&B scores, diversity and sustainability information.
  • Classification
  • Evaluation of elements across suppliers and commodities
  • Classification accuracy of more than 95 %
  • Analysis of data
  • Analyze and recommend savings
  • Visualization and Dashboards

Stay Connected With Cymetrix

Stay connected with Cymetrix in real time. We would also love to know which are your favourite business growth technologies – send them to us with the ​#TechTalkWithCymetrix tag.

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