MySpendNet
Spend Analysis
MySpendNet™ utilizes business rules to auto-classify and analyze procurement spend data beyond what is available in established Enterprise Resource Planning and legacy systems. Make the right sourcing by visualizing/analyzing the whole operating flow data on a real-time basis. MySpendNet has helped organizations save Millions by helping them understand and control their Spend.
How It Works
Three steps to mega savings
1
Data Extraction and Warehousing
Automate the extraction of raw spend data. Transform and enrich your data with additional benchmarks and industry metrics.
2
Data Classification and Analysis
Take controls of your analysis of spend. Find the data you want, and our system will auto-generate the rules to automate the classification
for you.
3
Personalised Dashboard Viewer
Use our storyboard to guide your presentation. Present your analysis, findings and recommendations interactively. Drill down to details online, anywhere.
Why MySpendNet?
Drive quicker return on investment (ROI) by assisting Top Management to focus on key cost saving areas and realize savings for higher profit
Easily get the information you need through an interactive reporting from your own dashboard or simply ask what you want to see
Consolidate group-wide spend data extracted from multiple back-end sources and highlight audit issues for improvements
Saves more time and increase your productivity with easy access to charts and reports that is complete with findings and recommendations
MySpendNet features
Diagnose spend and track savings
Get an overview of your spending from the previous years to understand your spend landscape. Run a quick spend diagnostics from our AI tools to understand the actionable insights through drill down reporting to get the best sourcing decision.
Intelligent category management
Procurement can work together to understand and decide on the category of spend in the company. Then you can enjoy procurement standardisation through our automated spend classification, tailored reporting and recommendations that can be accessed anytime, anywhere.
Identify saving opportunities
Look into your spend to see where you can save money and start planning your next procurement initiative. Set a savings goal to evaluate your savings performance. Then identify which category that is less complex to pursue for savings based on market intelligence.
Real-time interactive data
Empower spend analyst with connected and automated processes for easy monitoring. Track how much savings have you achieved based on each spend, how much is the savings from catalogue purchase and sourcing activities.
