Spend Intelligence

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Spend Intelligence

GAIN COMPLETE VISIBILITY INTO YOUR SPEND 

If you can’t see your costs, you can’t manage them. ERP systems won’t provide the completeness, accuracy, and granularity you need to drive value from your spend data. And, given the highly complex nature of your data, only a firm with exclusive industry focus and extensive energy data assets can transform your spend into actionable intelligence.

 

Leveraging Energy Factbase

Our Spend Intelligence team leverages machine-learning algorithms and the world’s largest, $2 trillion Energy FactBase™ to enrich and accurately classify all your data into a 3-tiered proprietary schema aligned with the way you buy materials and services. We then deliver your data back to you through an easy-to-use interface.

We Enable You to:

  • Drive volume discounts and preferred contract terms by uncovering consolidation opportunities
  • Reduce off-contract and off-PO spend by isolating areas of high “maverick” spend
  • Shift spend towards lowest-total-cost suppliers, rather than lowest-rate suppliers
  • Reduce price inconsistencies by zeroing in on items with high price variance
  • Quickly and easily manipulate and report on any subset of your spend across dozens of variables 

Turn Your Data into Decisions