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Page 1 of 2 Understanding how much has been spent on whom and where will drive bottom line improvement. We have partnered with Procurra Sourcing to offer our members a streamlined process and an affordable, user friendly tool. Procurra is offering a "Proof of Concept" pilot which is worth exploring. The Procurra Spend Analysis offering - ScanSpendScanSpend is a solution which delivers insight into fragmented direct and indirect spend, allowing more of your spend to be brought "under management". This process will support procurement, finance and supply professionals in their goal to reduce overal costs and postively impact the bottom line. 
The procurement challenge is that the data is often spread across multiple departments, divisions and countries, stored in databases that may not be compatible. Performing a traditional spend analysis project requires you to allocate signficant resources in both manpower and time. ScanSpend Process for Spend Analytics · Extract, transform and amalgamate all data into a single application(typically Accounts Payable invoice data, Purchase Order data and Supplier Master File) · Cleanse/enrich data · Identify, classify and aggregate spend at item and category level automatically using advanced articifical intelligence(AI) techniques and algorithms · Analyse data and provide point and click access for users to an advanced reporting tool as simple to use and infinitely more powerful than MS Excel · Configure the reporting tool to show your spend in the way that makes most sense for your business (by category,supplier, top 10/20/50, etc.) · Assist buyers with their strategic procurement decisions, highlight procurement savings opportunities and enhance business compliance Comet Group utilized ScanSpend and this is what they experienced:“We find the Procurra ScanSpend solution extremely powerful and are impressed by just how quickly we have been able to get our data classified and cleansed, so we can use this immediately to support internal compliance and supplier negotiations. It’s the perfect complement to the Procurra eRFx and eAuctions solution”. Paul Knapman, General Manager, Indirect Procurement at Comet Group Plc To learn more, complete this form and a Procurra representative will contact you shortly. For more details about the product, you can also go to the next page.
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