Whether as part of a stand-alone or existing initiative, Spend Radar helps organizations discover more about their spend. Companies, consultants, and outsourcing providers rely on Spend Radar to:

Build the right information foundation to drive their overall sourcing and procurement initiatives to maximize savings potential – and information starts with getting at a complete, comprehensive and accurate set of spending data

Get to analysis faster – Spend data (specifically excavating the complete set of underlying data) is often the largest procurement value bottleneck and Spend Radar can rapidly unclog a savings pipeline

Solve their spend data challenge for a range of initiatives – before they tackle spend analytics, spend visibility, strategic sourcing, supplier development, invoice auditing or other initiatives

Classify data to a standard or set of standards to enable specific business objectives. For procurement, this might mean a different classification schema (e.g., customized UNSPSC) than what engineering or materials management requires (Oracle or SAP material codes)

Deploy or enhance a vendor master – companies can get beyond individual vendor silos by leveraging Spend Radar to sit on top of source systems to provide an accurate picture into spending and supplier relationships

Achieve accuracy and transparency – It is important to understand not only where the data is coming from, but how it is being cleansed and classified – a black-box or offshore services-enabled solution might seem like a quick-fix but what you don’t know about how the process is happening could come back to damage the overall effort