SPEND
ANALYTICS
Transform Data into Actionable Insights
Empowering businesses with advanced analytics solutions for accelerated growth.
What is Accelerated Insight?
Accelerated Insight a cloud-based spend analytics solution, an easy-to-use set of tools and dashboards that help Category Managers drive sourcing improvements.
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Procurements Challenges
As companies focus on their resources, procurement faces many challenges.
Inflation Costs
Supply Chain Issues
Impact of raising Cost of Living
Global Uncertainity
Increasing Full Costs
Many Leaders need real-time Spend Visibility that is fast, easy to use, and accurate.
Trusted Analytical technology aligned with Procurement KPIs that deliver many benefits.
Benefits of Trusted Technology
Cost-Effective procurement analytics with best in class Business Intelligence Technology, scale, security with the following Benefits:
Improved Spend Visibility
Seek and Find Cost Saving Opportunities
Improved Working Capital
Supplier Rationalisation Opportunities
Tail End Spend Management
Supplier Relationship Management
Risk & Sustainable Sourcing
Faster Reporting
Cost Saving Tracking
Table of Contents
Spend Analysis: Dashboards
Automated Spend Analysis Solutions reduce and minimise data preparation time. Automated spend analysis creates a workflow process that is repeatable, flexible, and accurate
Spend Analysis need procurement, finance, and IT departments to work together. Collaboration to provide the necessary external supplier spend data. Building a reliable procurement Spend Analysis process needs trusted and validated data.
Spend Analytics Dashboards are the most efficient way to track many data sources. Dashboards provide management information. A tool that tracks, analyses, and displays key performance indicator metrics.
On the surface, the dashboard is a collection of charts, graphs, and tables. Providing a 360 view of procurement spend. Analysis performed on each data source. The output is supplier spend analysis, opportunity assessment, and sourcing cost savings.
The procurement savings dashboard is a piece of fact-based management information and reporting tool. That lists, tracks, and reports procurement cost savings. Procurement departments are measured upon in-year cost savings, as such form a cost savings pipeline or a list of projects. Initiated by procurement that generates desired cost savings between 5% to 15%.
Cost Savings Dashboards, provide management with a tracking mechanism for reporting and measuring the financial impact and contribution made by procurement to the bottom line. With profit-related pay linked to these KPIs. A fast, reliable process of cost savings reporting is required.
Spend Analysis: Category Management
A Category Management Dashboard, is a data-driven management information process, that supports Category Management and provides real time sourcing information on the number suppliers, spend in period, type of spend and spend purchasing patterns.
Dashboards that inform the category manager by monitoring spend, assessing performance and taking corrective sourcing actions to deliver business commitments.
Category Management Dashboards, provide real time information, help shape policy and strategy, provide progress on strategic and tactical sourcing decisions.
At its core category management is the management of spend groups aligned by supplier, types of goods and services, the aim of the category manager is to put in place sourcing contracts and policies that provide the company with vetted, approved or preferred supplier lists.
Spend Analytics Importance & Benefits Video (1.5min)
Spend Analysis Videos
Please check out our video, explaining the need for spend analytics and the innovative approach we use, to providing cost effective, reliable and trusted spend analysis
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What Our Clients Say
Seaforth have been Odesma’s partner of choice for the past three years providing leading edge spend analytics and data insight which is second to none. They work fast and effectively, collaborating with ourselves as one team to deliver the results and outcomes we need to delight our customers and partners.
The leadership team is incredibly helpful and responsive, engaging smoothly, often against a backdrop of having to act fast. We like their approach, and expect to continue utilising the solutions & insight they enable.
Ed Cross, Executive Director, Odesma Limited
Seaforth Analytics are very much a trusted and highly respected partner of VA Business Solutions. We have worked with them on many important client situations and their analytical and executive reporting capabilities have been able to provide our clients with outstanding insights into the requirement for change, and what they need to do to change. Their executive reporting solutions have given our clients much needed instant and effective business information to drive critical decision making.
Peter Logue, CEO, VA Business Solutions
Making sure we get the most from our spend data is essential to delivering a great procurement service for our Local Authority. We are excited the added value we’ll able to deliver using the analysis and evidence Seaforth Analytics tool will give us.
Helen Mackenzie, Procurement Director
When one of our global FMCG clients asked us to help provide greater visibility of its local training spend across 67 countries, we partnered with Eddie and Team, who gathered and analysed the necessary data – categorising and validating a spend of $18million with 1,800 third party suppliers.
Once collated & analysed the data with great proficiency and speed producing a suite of reports. The client was truly delighted with the results, the reporting tool enabled data to be cut and sliced in so many ways to such a high level of detail that it left no stone unturned and gave the business a really clear view of its global training spend. As a result, the business...
Joanne Carson, Hemsley Fraser