Generating a clear and comprehensive understanding of
enterprise spend across systems and business units

Spend analysis turns data trapped in different locations and formats into valuable spend intelligence that can be used to power effective sourcing. Our web3 solution set for spend analysis comprises the following application modules:

SpendView
Reporting

Modular Architecture         Please click here for a graphical overview of how our web3 Enterprise modules for P2P and eSourcing work together

SpendView

Wax Digital SpendView delivers a mechanism for automatic data classification that can handle both item descriptions and supplier names, creating clean and consolidated information to a defined category structure such as UNSPSC or eClass – or more typically to a custom code structure that best suits a customer’s needs.

In tandem with Wax Digital Reporting, SpendView facilitates a five step process for turning raw data into valuable spend intelligence:

1. Extract: Data feeds are automatically combined from the multiple systems on which that data is held, such as ERP, purchasing card and other legacy systems
2. Normalise: Information is automatically mapped to chosen classification(s), such as UNSPSC, company-specific standards, or a combination of these
3. Enrich: Wax Digital’s supplier and supply market intelligence turns this newly classified spend data into actionable intelligence
4. Report: A suite of standard reports, plus dashboard KPIs and ad-hoc reporting features are provided by Wax Digital Reporting, delivered in tandem with Wax Digital SpendView.
5. Recommend: SpendView’s intelligent evaluation routines identify and highlight spend categories most likely to benefit from strategic sourcing activity

Wax Digital Spend Analysis solutions integrate seamlessly with our electronic sourcing solution set to provide a closed-lop environment for purchasing professionals to turn disparate data sources directly into supplier negotiations – analyse and evaluate with SpendView and Reporting, migrate suppliers and data directly into

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To find out more please contact us via this form or call on +44 (0) 161 3678375.