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SPEND ANALYTICS

Collect
Data
Integrate
Data
Cleanse
Data
Enrich
Data
Classify
Data
Analyze
&Report

 

Collect Data:

 

Invoices

Purchase Orders

Contract Data

Vendor Data File

General Ledger Data

 

 

 

 

Integrate: 

 

Integrate Files

Database Tables

Contract Data

Reference Prices

Product/Service Descriptions

 

 

 

 

Clean: 

 

Remove Noise 

Parse Data

Standardize Data

Fix Descriptions

 

 

 

 

 

 

Enrich: 

 

External Data 

Reference Prices

Descriptions

Alternative Product/Part Numbers & Names

 

 

 

 

Classify: 

 

Apply Rules

To Categorize & Classify Data:

UNSPSC, ETIM

ISynch, GS1 etc

 

 

 

 

 

 

Analyze

& Report: 

 

Discover New Insights.

Identify Savings Optimizations

 

 

 

 

 

Gain instant visibility into your organization spend data and realize the cost savings of real time spend data across the enterprise.

 

OpenDQ spend analytics solution is built on a cutting edge artificial intelligence platform that can be rapidly deployed into your organization.

 

  • Restrain maverick spend.

  • Gain 360 degree view of your spending.

  • Accurately classify spend data across mulitiple categories.

  • Perform complex analysis using advanced analytics.

  • Pre-built reports and analytics that give you complete insight into your spend.

 

To learn more about our rapid deployment production ready solutions please contact sales at sales@infosolvetech.com or call 1-877-576-1957 Ext 203

 

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