Drive Sourcing decisions backed by data
Where spend cube draws data from major systems, the spend hypercube extracts necessary data points from Invoices, POs, Contracts and RFIs to help you make sourcing decisions.
Negotiation with suppliers
Maverick Spend Reduction
Strategic Relationships with Suppliers
Understanding data sources and their importance.
Data from invoices and contracts provide the detail required to understand your categories and suppliers for optimizing spend and achieving sourcing goals.
To better understand how spend with a particular supplier is distributed among sub categories, invoice line data becomes important. Pull data including description, price and quantity for sourcing.
At times where Invoice does not include description and instead mentions "As per PO", pulling data points from PO becomes important to supplement sourcing decisions.
Identify multiple contracts with same supplier to aggregate spend, and optimize pricing & contract periods. Bring uniformity in contract clauses for compliance.
Pull data around pricing, discounts, product features or services framework, and new technological developments from existing and new vendors.
Run a smarter RFX for sourcing.
With SpendHypercube, get unique insights to help you run informed RFX for category sourcing.
Recognize recurring subscriptions
Identify suppliers with missing contracts
Avoid duplicate transactions
Identify high growth suppliers
Spend HyperCube Technology
Our AI enabled tool helps you get a 360 view of your spend. Choose from 20+ spend report types to track and identify opportunities. View reports using the BI software of your choice including Tableau.
Leverages OCR, Natural Language Processing and Machine learning to pick up data and metadata from documents
Supplier analysis, Category analysis, Contract analytics and Payment analytics
More than 20 spend report templates targeted at specific roles. Ability to create custom reports.
KPIs including Savings and Compliance metrics for senior leadership