Insights with software for Spend Analytics
Without full insight into your spend, it's hard to make smart, data-driven choices. You miss out on savings, take unnecessary risks and processes run more smoothly than necessary. ISPnext's Spend Analytics brings all your expenses together in one central location. Our solution gives you real-time insight into your cost streams, so you can make strategic decisions, reduce costs and take your procurement processes to the next level.
The benefits of spend analysis software
Complete overview thanks to spend analysis
No more scattered data or loose spreadsheets. With our Spend Analytics software, you can see exactly where your money is going, by category, department or supplier. So you get a handle on performance, turnaround times and customer satisfaction.
Discover savings opportunities through cost analysis
Use our best practice dashboards to analyse trends and patterns, so you can immediately see where you can make savings. Set KPIs, monitor progress and realise structural improvements in your spend management.
Smarter processes and less manual work
Link data from multiple systems and work from a single source of truth. Fewer errors, less wasted time and more agility to respond to market developments.
Spend Analytics in 5 steps
Wondering how automated invoice processing works in practice? With AP Automation, you digitise the entire process:
1. Centralise all spend
2. Analyse with the Spend Analytics dashboard.
3. Identify savings opportunities.
4. Automate reports
5. Improve and repeat
Greater control through procurement analysis and spend management
Do you work with different systems, vendors and budget holders? Then you know how difficult it is to keep an overview in spend management. Spend Analytics gives you one central platform for all data, so you can easily manage risks, ensure compliance and make more informed decisions.
Who is Spend Analytics suitable for?
Spend Analytics is designed for organisations that want insight into their spend and want to exploit opportunities for savings and optimisation.
The solution is particularly suitable for:
CFO
Wants to strategically drive cost savings, risk reduction and data-driven decision making through real-time spend analysis.
Finance Manager
Seeks overview and control of spend and budgets to manage financial risks and exploit cost optimisation opportunities.
Procurement Manager
Uses Spend Analytics software to turn purchasing data into action, benchmark suppliers and make better purchasing decisions.
Who works with our Spend Analytics software?
More than 450 organizations in diverse industries rely on ISPnext. From international players to local market leaders, our customers use Spend Analytics to get a handle on their spending, make strategic decisions and realise structural savings.
"Spend Analytics ensures that we have quick and up-to-date insight into our organisation's spend."
Spend Analytics in 5 steps
Fill in your details and receive the whitepaper "Spend Analytics in 5 steps" immediately. Discover how to gain full control over your spend and realize strategic savings!
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Our Source-to-Pay solutions
Whether choosing the right supplier, managing contracts or processing invoices, with ISPnext you manage the entire process efficiently and compliantly.
Source-to-Contract
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Sourcing
Source-to-Contract
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Vendor Management
Source-to-Contract
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Contract Management
Purchase-to-Pay
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Procurement
Purchase-to-Pay
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AP Automation
Insights
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Spend Analytics
Sourcing
Optimise sourcing processes with supplier selection and market analysis.
Key benefits:
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Accelerate and simplify RFx processes.
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Negotiate the best terms and prices.
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Shorten lead times and reduce process costs.
Vendor Management
Manage supplier relationships effectively with automated evaluations and performance monitoring.
Key benefits:
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Reduce risk through visibility into creditworthiness.
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Centralise supplier and policy information.
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Build strong, trusted relationships with suppliers.
Contract Management
Streamline contract management from creation to renewal with workflows and compliance monitoring.
Key benefits:
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Centrally manage contracts and easily share with stakeholders.
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Improve compliance with standardised templates.
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Get real-time visibility into obligations and performance.
Procurement
Automate procurement processes with ordering systems and approval workflows.
Key benefits:
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Order at negotiated prices and terms.
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Reduce fraud and errors through authorisations.
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Bring all spend together for optimal control.
AP Automation
Accelerate invoice processing with AI and automated approval paths.
Key benefits:
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Automate repetitive and time-consuming tasks.
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Prevent erroneous or duplicate payments.
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Pay on time and improve financial efficiency.
Spend Analytics
Get deep insights into your spending patterns with comprehensive analytics and reports.
Key Benefits:
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Get real-time insight into spend and savings potential.
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Optimise decision making and procurement strategy.
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Increase transparency and reliability of data.
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nextAI
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DORA
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E-invoicing
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Procurement Team Management
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Supplier360
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Dynamic Discounting
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Rebate Management
nextAI
Make Business Spend Management processes faster, smarter and easier.
Key benefits:
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Speed up the processing of invoices, contracts and purchase orders.
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Minimise errors and exceptions.
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Save time and money.
DORA
Integrate DORA compliance into your processes and generate one-click reports.
Key benefits:
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Automate DORA reporting.
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Gain insight into operational and digital risks.
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Implement an efficient and scalable approach.
E-invoicing
Process invoices digitally, securely and with regulatory compliance.
Key benefits:
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Comply with national and European standards.
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Automate validation and processing.
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Strengthen financial overview with integrated control.
Procurement Team Management
Make the financial value of the procurement department visible.
Key benefits:
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Gain full visibility into ongoing and future savings.
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Increase collaboration and transparency among team members.
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Centralise reporting for consistent decision-making.
Supplier360
Get a full 360° view of your suppliers in one central platform.
Key benefits:
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Centralise supplier data for maximum reliability.
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Identify risks in a timely manner through continuous monitoring.
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Encourage collaboration and long-term relationships.
Dynamic Discounting
Pay faster, save more and strengthen your cash flow.
Key benefits:
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Increase financial efficiency and cost savings.
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Realise speed and agility in payment arrangements.
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Improve collaboration with suppliers through flexible terms.
Rebate Management
Utilise every bonus appointment, automatically and accurately.
Key benefits:
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Centralise and automate all rebate agreements.
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Ensure accuracy and compliance.
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Maximise financial impact.