Announcing BirchStreet’s new Spend Intelligence Toolset and Interactive Dashboard. Built on the same powerful architecture as the BirchStreet applications, this new offering is a perfect complement to our Procure-To-Pay platform. It’s designed to provide regional or global enterprises instant insight into organizational spend to help find more opportunities to save.
Dashboards, Graphs and New Reports
The toolset includes a series of interactive drilldown dashboards, graphs and a slew of new reporting options, as well as a full slate of data mapping and analytical services. Use the tool to zero in on significant patterns of off-contract spend and then drill down to specific items, users and purchase orders to understand the spend patterns, make changes and drive more savings from your supplier contracts.
The solution supports custom tailored spend intelligence rules by region, property, department, item or category level – across manufacturers and distributors. With the enhanced spend awareness customers can pull more savings out of supplier contracts, find opportunities for new supplier agreements, and perform vendor and item consolidations. The solution can also provide supporting data to assist in vendor negotiations, allowing you to confidently extend volume commitments in exchange for favorable pricing and terms.
Gaining Leverage Over Your Spend Data
Even a small organization can quickly produce millions of records of line item spend data. Teasing actionable information from this can be a time consuming and resource intensive process. BirchStreet’s Spend Intelligence Toolset uses industry-wide manufacturer and distributor item data with custom tailored category and compliance rules to provide you with what we call ‘Data Leverage’ – the ability to quickly analyze millions of records of spend data by categorizing a few hundred master records. This Data Leverage allows you to slice and dice data easily, dramatically simplifying and speeding the process so you can find the actionable information and save.
Use All Your Data Sources
Although optimized to use spend data from BirchStreet’s e-Procurement system, the Spend Intelligence tool can also analyze spend data from other sources, including supplier consumption reports and third-party systems.
The Spend Intelligence Toolset is the first of four new products scheduled for release in 2012 that are designed to leverage BirchStreet’s above property footprint – with the other three being Contract Management, Rebate Management and Program Publisher.
Click here to scheule a live demo to see the full power of the Spend Intelligence Toolset and its interactive dashboards.