Spend Navigator
Unlock Advanced Procurement Analytics to Drive Smarter Decisions
Unlock Advanced Procurement Analytics to Drive Smarter Decisions
Spend Navigator by BearingPoint is a comprehensive SaaS solution that revolutionizes procurement operations with its seamless integration capabilities. This Spend Analytics tool empowers organizations to achieve sustainable cost savings.
Beyond offering a comprehensive solution, Spend Navigator is underpinned by BearingPoint's extensive expertise in procurement. This unique combination, transforms organizations procurement processes, offering consistent support from consultation to implementation, ensuring long-term success and operational efficiency.
Spend Navigator - Product Demonstration
The Spend Navigator provides an overview of key procurement metrics and KPIs, allowing users to quickly assess spending trends, savings opportunities, and compliance status. Track key performance indicators (KPIs), analyze trends, and make informed decisions that align with your strategic goals. Spend Navigator puts the power of advanced analytics at your fingertips. Dive deeper into your data with interactive visualizations. Our customizable filter menus and dynamic charts empower you to explore data from new perspectives, unlocking insights that drive strategic decisions. Spend Navigator serves as a centralized hub for accessing essential procurement insights and monitoring the overall health of procurement operations.
Find out more below about the core modules of Spend Navigator.
The Category module focuses on organizing and analyzing procurement data based on procurement categories, enabling users to gain insights into spending patterns and vendor relationships within specific product groups. Users can explore detailed category hierarchies, identify spending outliers, and track category-specific performance metrics. Advanced categorization algorithms, such as UNSPSC classification, may be employed to automate the categorization process and enhance data accuracy.
The Supplier module centralizes supplier information and performance metrics, allowing users to evaluate supplier relationships, track performance, and mitigate supplier-related risks. Users can access supplier profiles, contract details, transaction history, and performance scores to make informed supplier management decisions. Supplier segmentation and analysis capabilities enable users to prioritize strategic supplier partnerships and identify opportunities for cost savings and process improvements.
The Compliance module focuses on ensuring adherence to procurement policies, regulations, and contract terms across the organization. Users can define compliance rules, thresholds, and alerts to monitor spending activities and identify potential compliance violations. Automated compliance checks and reporting functionalities help streamline audit processes and mitigate compliance risks.
The Savings module facilitates the tracking, monitoring, and reporting of procurement savings initiatives and results. Users can capture savings opportunities, set savings targets, and track progress against predefined goals. Advanced analytics and reporting capabilities enable users to quantify realized savings, identify cost reduction opportunities, and measure the impact of procurement initiatives on the organization's bottom line.
Empower data consolidation from various ERP's.
Outline general goals and identify stakeholders.
Define relevant KPI's (cost savings, TCO, contract coverage, etc.)
Identify opportunities and benchmark data against best practices.
Beyond the analytics tool, BearingPoint experts will carry out the implementation and provide expertise on procurement analysis, ensuring precise and informed decision-making
Work with your data and make changes through configurable and editable tables, e.g. to edit categorizations or to create a saving project tracking list which automatically feeds into Spend Navigator. This feature is just one example of the many customized solutions we can develop, enabling you to actively engage with and manage your data efficiently.
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