Procurement Analytics Software

Procurement Analytics

What is Procurement Analytics Software?

Procurement analytics software collects and analyzes procurement data, offering business insights that can be used to support effective decision making and ultimately, improve business performance. Procurement analysis involves collecting data from various sources – both internal and external – and then classifying said data into standard and use-case specific taxonomies. After classification, data is then presented in a visualization dashboard either within the application itself or via an integrated business intelligence tool.

Common Features

  • Spend Analysis
  • Contract Management
  • Analytics and Reporting
  • Demand Forecasting
  • Interoperability/APIs
  • Budget Management
  • Catalog Management
  • Risk Management
  • Machine Learning
  • Price Benchmarking
  • Compliance Management
  • Automation
  • Operational Metrics

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Top Procurement Analytics Software 2024

Products below are ineligible for awards due to insufficient recent reviews

Coupa Software

Coupa Procurement

Composite Score
8.1 /10
CX Score
8.3 /10

Coupa procurement software guides your employees across the buying process, surfacing preferred products and services to alert employees to discounted pricing and other advantageous terms. Coupa Procure purchasing software lets you easily track and manage purchase orders in real time, reducing cycle time and costs. Guide users to on-contract goods or services while providing flexible configuration rules to achieve compliance.

Pros

  • Helps Innovate
  • Reliable
  • Performance Enhancing
  • Enables Productivity

Cons

  • Slower Product Innovation
  • Less Transparent
Composite Score
7.0 /10
CX Score
7.3 /10

Make expense reporting seamless. Easily capture, submit, and approve expense reports—at work or on the go—with expense reporting software from Workday. Lower costs, improved accuracy, better expense tracking, and faster reimbursements.

Composite Score
3.5 /10
CX Score
4.2 /10

Ariba Network is now SAP Business Network. Making your business part of a dynamic, digital marketplace where millions of buyers and suppliers operating all around the world transact trillions of dollars in business commerce every year

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Dataction Analytics Pvt. Ltd.

Dataction

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