SpendView by Analytics8

SpendView is a spend analytics solution offered by Analytics8 that aims to consolidate, cleanse, and classify spend-related data in one place, according to the vendor. It is designed to provide organizations with visibility into their spend and is targeted at procurement, finance, and supply chain professionals in various industries, including retail and manufacturing.

Key Features

Classification Rules Engine: According to the vendor, SpendView offers a classification rules engine that allows users to classify, cleanse, and normalize data using dynamic rule sets tailored to their organization's unique business. It also enables the use of a customized taxonomy for data classification, which can help ensure data consistency and accuracy.

Vendor Management: SpendView includes a vendor management feature that, as claimed by the vendor, normalizes vendor names and groups vendors into actionable business categories. It provides organizations with a centralized view of vendor performance against corporate goals and assists in identifying and managing preferred vendors.

Analysis and Reporting: The vendor asserts that SpendView comes with pre-built reports that offer insights into spending patterns and vendor relationships. This feature allows organizations to gain an understanding of their spending and make data-driven decisions through comprehensive spend analysis.

Integrate Data Sources: SpendView integrates spend data from various sources, including third-party data, as stated by the vendor. By consolidating and centralizing spend-related data, organizations can have a holistic view of their spending. This feature also enables deeper analysis by incorporating additional data sources such as savings and indexes.

Perform "What If" Analysis: The vendor claims that SpendView helps organizations identify potential savings by eliminating rogue spend and consolidating suppliers. It enables scenario planning and analysis, providing insights into the impact of different purchasing decisions on the bottom line.

Supplier Scorecard: SpendView offers a supplier scorecard feature that evaluates vendor performance against corporate goals and metrics, according to the vendor. It provides a comprehensive view of vendor performance, including delivery, quality, and pricing, supporting vendor management and decision-making.

Control: According to the vendor, SpendView allows organizations to consolidate, cleanse, and classify spend data without relying on third parties. Organizations have control over data rules, taxonomy, data refresh frequency, and data classification level. This feature empowers organizations to answer their own spend-related questions and perform analysis at their own pace.

Customization: SpendView offers customization options for reports and visuals to meet specific analysis requirements, according to the vendor. It supports the integration of additional data sources to enhance analysis capabilities, providing flexibility in tailoring the solution to the organization's unique needs.