SpendQube is a Spend Analysis Software that brings all of your spend data into bespoke dashboards, giving you the insight you need to make smarter procurement decisions.
In Their Own Words: SpendQube
SpendQube solves the challenge companies have of bringing together multiple sources of spend data into a single, consolidated, analysed view. Our SaaS platform is one of the most intuitive and user-friendly tools behind which sits a dynamic spend analysis application to allow companies to visualise spend, establish savings opportunities, and allocate individual spend lines to business owners. Designed by procurement experts, the SpendQube team can provide supporting consultancy advice to users to extract maximum benefit and value from the tool. Knowing all the important challenges, we can help you find the critical solutions.
SpendQube’s main goal is to take this highly time-consuming problem away from procurement teams and deliver them an end-to-end solution. Our distinctive tagged data structure, fortified by automation and expert insights, amalgamates disparate data sources into a unified format. Remarkably, we achieve 90% accuracy on the first attempt, requiring merely 2-3 hours of initial client input.
Excellent spend data can help CPOs and Procurement Managers with:
- Identifying areas for cost savings: Identify areas where cost savings can be made by analyzing spending patterns, identifying suppliers that provide better value for money, and highlighting areas of excessive spending.
- Mitigating risk: Identify potential risks and vulnerabilities within the supply chain. For example,
by monitoring supplier performance metrics such as delivery times, quality, and compliance, the CPO can identify areas where there may be potential risks to the business and take corrective action.
- Better supplier management: By analysing supplier performance data, you can identify areas
for improvement and work collaboratively with suppliers to drive better performance and achieve better outcomes for the business.
- Strategic decision-making: By analysing data on supplier performance, market trends,
and procurement metrics, you can make informed decisions about which suppliers to work with, which products to procure, and which procurement strategies to employ.