SpendView: Get Full Visibility Of Your Spend | Qonnections 2016

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SpendView is a spend analysis tool that helps users gain visibility into their spending. It classifies, cleanses, and normalizes spending data using dynamic rule sets. This allows users to understand what they are spending money on, who they are spending it with, and whether they are getting the best prices and meeting corporate goals. SpendView also identifies savings opportunities and risks. It provides features like classification rules, vendor normalization, and spend analysis reporting. A demo and comparison to typical solutions shows that SpendView allows users more control and ownership over their data and analysis.

GETFULLVISIBILITYACROSSALLOFYOURSPEND
@Analytics8 | #SpendView

HELLO!
Kevin Lobo
BI Consultant, Analytics8

HELLO!
Travis LaMont
Managing Consultant, Analytics8

AGENDA
1. What is SpendView?
2. Benefits of Spend Analysis
3. Features
4. Demo
5. Comparison

SPENDVIEW HELPS YOU ANSWER:
WHAT: What are you spending your money on?
WHO: Who are you spending your money with?
BEST PRICES:Are you getting the best price?
GOALS:Are you reaching your corporate goals?

Classify, cleanse, and normalize your data
using dynamic rules sets

Classify, cleanse, and normalize your data
using dynamic rules sets
Gain visibility across all of your spend
What are you spending your money on?
Who are you spending your money with?
Are you getting your negotiated rates?
Are you reaching your corporate goals?
Are goods and services being received on-time and
defect free?

COMPANIES WHO FOLLOW SPEND
ANALYTICS PRACTICES REPORT
MILLIONS OF DOLLARS
IN YEAR-OVER-YEAR SAVINGS

5-20%
Source: Aberdeen 9/2014
Achieve 5% to 20% cost savings
for each new dollar spend
brought under management.

73%
Source: Aberdeen 9/2014
73% rate of compliance to
contractual agreements

CLASSIFICATION RULES ENGINE
Simple interface to create and manage
rules to classify your data to any taxonomy.

CLASSIFICATION RULES ENGINE
Simple interface to create and manage
rules to classify your data to any taxonomy.
VENDOR NORMALIZATION
Cleanse your Vendor Master List using
point-and-click functionality.

SPEND ANALYSIS REPORTING
• Classification Breakouts
• Financial Risk
• What-If-Analysis
• Freight Safety
• Supplier Scorecards
• Diversity
• Ad Hoc Reporting
• Price Analysis
• Market Index Comparison

Incorporate third party data to
enhance your analytics.
• Market Price Indexes
• Diversity Classification
• Freight Safety

Perform “What-If” analysis to
determine the potential
savings from moving
eliminating rogue spend and
consolidating suppliers.

COMPARE + CONTRAST
Typical Solution SpendView
Ownership The solution is owned, maintained, and housed
by the vendor.
You own the solution and the all the elements are
housed internally.
Data You send them your data, often times in their
preferred format.
The application can support multiple datasets from
different sources, without the need to conform to a
predefined format.
Classification They classify the data using their methodology,
often times using their preferred taxonomy.
You are able to classify your own data, using your
own taxonomy, with your own rules.
Coverage A percentage of your data will be classified;
often times only including the top spend in your
system, missing the lower spend rogue
suppliers.
You are able to classify as much or as little of your
data as you need for your business. You can focus
on the large spend suppliers and those at the bottom.
Reporting You receive access to the final report, often
times paying a fee for each user
You own the final reporting, and make adjustments as
your needs change.
Updates Updates to the reporting or classification can be
time consuming and potentially costly.
Updates can be made at any time to the reporting or
classifications, as you ultimately own the product.

TODAY | 1:30PM
TOMORROW | 10:00AM
AT THE ANALYTICS8 BOOTH

SpendView: Get Full Visibility Of Your Spend | Qonnections 2016

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2. HELLO! Kevin Lobo BI Consultant, Analytics8

3. HELLO! Travis LaMont Managing Consultant, Analytics8

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7. SPENDVIEW HELPS YOU ANSWER: WHAT: What are you spending your money on? WHO: Who are you spending your money with? BEST PRICES:Are you getting the best price? GOALS:Are you reaching your corporate goals?

8. Classify, cleanse, and normalize your data using dynamic rules sets

9. Classify, cleanse, and normalize your data using dynamic rules sets Gain visibility across all of your spend What are you spending your money on? Who are you spending your money with? Are you getting your negotiated rates? Are you reaching your corporate goals? Are goods and services being received on-time and defect free?

10. Classify, cleanse, and normalize your data using dynamic rules sets Gain visibility across all of your spend What are you spending your money on? Who are you spending your money with? Are you getting your negotiated rates? Are you reaching your corporate goals? Are goods and services being received on-time and defect free? Identify savings opportunities and potential risks

11. 2. Benefits of Spend Analytics

12. COMPANIES WHO FOLLOW SPEND ANALYTICS PRACTICES REPORT MILLIONS OF DOLLARS IN YEAR-OVER-YEAR SAVINGS

13. 5-20% Source: Aberdeen 9/2014 Achieve 5% to 20% cost savings for each new dollar spend brought under management.

14. 73% Source: Aberdeen 9/2014 73% rate of compliance to contractual agreements

15. 3. Features

16. CLASSIFICATION RULES ENGINE Simple interface to create and manage rules to classify your data to any taxonomy.

17. CLASSIFICATION RULES ENGINE Simple interface to create and manage rules to classify your data to any taxonomy. VENDOR NORMALIZATION Cleanse your Vendor Master List using point-and-click functionality.

18. CLASSIFICATION RULES ENGINE Simple interface to create and manage rules to classify your data to any taxonomy. VENDOR NORMALIZATION Cleanse your Vendor Master List using point-and-click functionality. VENDOR ASSIGNMENT Group your Vendors into actionable business categories (e.g. Preferred, Managed)

19. SPEND ANALYSIS REPORTING • Classification Breakouts • Financial Risk • What-If-Analysis • Freight Safety • Supplier Scorecards • Diversity • Ad Hoc Reporting • Price Analysis • Market Index Comparison

20. Incorporate third party data to enhance your analytics. • Market Price Indexes • Diversity Classification • Freight Safety

21. Perform “What-If” analysis to determine the potential savings from moving eliminating rogue spend and consolidating suppliers.

22. DEMO

23. 5. Comparison

24. COMPARE + CONTRAST Typical Solution SpendView Ownership The solution is owned, maintained, and housed by the vendor. You own the solution and the all the elements are housed internally. Data You send them your data, often times in their preferred format. The application can support multiple datasets from different sources, without the need to conform to a predefined format. Classification They classify the data using their methodology, often times using their preferred taxonomy. You are able to classify your own data, using your own taxonomy, with your own rules. Coverage A percentage of your data will be classified; often times only including the top spend in your system, missing the lower spend rogue suppliers. You are able to classify as much or as little of your data as you need for your business. You can focus on the large spend suppliers and those at the bottom. Reporting You receive access to the final report, often times paying a fee for each user You own the final reporting, and make adjustments as your needs change. Updates Updates to the reporting or classification can be time consuming and potentially costly. Updates can be made at any time to the reporting or classifications, as you ultimately own the product.

25. QUESTIONS?

26. THANK YOU!

27. TODAY | 1:30PM TOMORROW | 10:00AM AT THE ANALYTICS8 BOOTH

28. GETFULLVISIBILITYACROSSALLOFYOURSPEND @Analytics8 | #SpendView

Editor's Notes

I began a career in Business Analytics working at a Spend Analytics software startup in Chicago for three and half years before transitioning to BI Consulting, which eventually led him to Analytics8. In his free time, Kevin is an avid runner, enjoys building analytics applications even though he does it for a living, and traveling with his fiancée.
Travis has 15 years of experience working with analytics and reporting within the Procurement industry, beginning his career with a BPO Procurement firm and moving to a boutique Spend Analytics firm. Travis has worked with Qlik technologies for the last 5 years and is the architect of the SpendView solution.
- Analytics8’s heritage is in big data and analytics - Our approach to product development is different than others- we develop our products with the BI consultant in mind, based upon our years of experience in the field. It’s why our products are so easy to install and implement.
- Analytics8’s heritage is in big data and analytics - Our approach to product development is different than others- we develop our products with the BI consultant in mind, based upon our years of experience in the field. It’s why our products are so easy to install and implement.

SpendView: Get Full Visibility Of Your Spend | Qonnections 2016

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SpendView: Get Full Visibility Of Your Spend | Qonnections 2016

Editor's Notes