Spend Intelligence – Intelligent Purchase Decisions
With the Spend Intelligence solution from Innologic, you get a powerful tool that can provide a real-time indication of how valuable a supplier is, how valuable the inventory is and last but not least, what effect adjusting one business parameter to another would have.With Innologics Spend Intelligence, you get an analytic engine that provides a solid strategic basis of decisions.
In spite of the fact that Spend Performance Management is a core discipline, the task is often handled isolated in a financial- and procurement department. In some places by means of ad hoc reports and many manual processes or by means of progressive KPI´s, key figures and reports without achieving the correct knowledge in understanding the increments hidden crosswise the organisation.
The solution is based on complex structures, which characterize the businesses today analyses not only the hard purchase data, but also data across the business – sales, suppliers, stock, production etc.
The suite of services within Spend Intelligence covers:
- Data Classification & Data Harmonization
- Spend Analytics
- Supplier Performance
As a result of our focused efforts in advanced monitoring of external costs and cash flow, Innologic has been appointed leader in the Nordic countries in relation to “Spend Performance Management” in the report “Analysis of the Danish Business Intelligence Consulting Agencies” elaborated by Consulting League.