Procurement organizations have numerous options to enable visibility into spend today. They can engage a provider that provides spend visibility on a managed services basis. They can work with vendors to take the guts (data acquisition, cleansing, classification, analytics, etc.) in-house and take on their own stewardship of the data. Or, they can leverage off-the-shelf business intelligence (BI) components to enable an analytics front-end and then solve the data problem separately (e.g., getting line-level invoice data from suppliers or supplier networks). Analytics8, a new provider on the spend analysis scene, represents a hybrid of these approaches, using a customized version of Qlik as a BI front-end but enabling organizations to take control of the data management process on their own if they desire.
This final installment of our multipart Spend Matters PRO Vendor Snapshot series covering Analytics8 SpendView offers a competitive analysis and comparison with other vendors in the spend analytics market companies may wish to shortlist. It also includes a user selection guide, user interface and user experience (UI/UX) analysis and summary evaluation and selection considerations. Part 1 and Part 2 of this PRO research series provide a company and deep dive solution overview, a SWOT analysis, product strengths and weaknesses and a recommended fit analysis for what types of organizations should consider Analytics8 SpendView.