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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 2025

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

Products below are ineligible for awards due to insufficient recent reviews

Composite Score
6.1 /10
CX Score
5.9 /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

Pros

  • Enables Productivity
  • Fair
  • Acts with Integrity
  • Helps Innovate

Cons

  • Less Caring
  • Wastes Time
  • Charges for Enhancements

Insufficient Data
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GEP is one of the leading providers of strategic sourcing services in the world. Every year, we help hundreds of organizations save billions in spend. Staffed by experienced category specialists, our sourcing teams get sustainable results fast – real results that improve the bottom line and create competitive advantage.

Coupa Software

Coupa Procurement

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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.

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Xeeva Spend Analytics delivers highly accurate and actionable insights that provide immediate ROI by surfacing cost-savings opportunities against industry benchmarks across disparate or siloed spend data by geographic locations and business units – all in a unified view. Powered by the XVA Platform, utilizing AI technology, Spend Analytics delivers dashboards, deep analysis, and intelligent recommendations that allow you to optimize your procurement processes and immediately uncover new areas for tail spend reduction, supplier consolidation, working capital optimization, freight cost savings, and surfacing purchase price variances.

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Promena provides its customers with the highest level of efficiency, control, time and labor savings in purchasing processes with its 4 main modules. E-Sourcing module helps customers to create RFx/e-Auction events. Customers can identify, select and collaborate with leading vendors. E-Procurement module helps businesses to manage the Catalog, Budget, Requisition and Purchase requisition-to-purchase process. With SxM module, customers can have a single database of their suppliers for their entire organization and the procurement processes. With the spend analysis module, customers can easily slice and dice all of the data running through the platform.

Insufficient Data
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Procure-to-Pay process inefficiencies stem from the numerous exceptions that must be managed – maverick spend, offline change orders, unplanned freelancers, non-PO invoices, urgent payments and more. Ivalua’s eProcurement software offers the flexibility to address your businesses unique and evolving needs while establishing core processes to drive compliance and adoption.

Procurify

Procurify

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Procurify’s easy-to-use Intelligent Spend Management platform provides hundreds of organizations with real-time visibility and control over all business spend. By bringing more spend under management, our customers capture reliable spend data that can be used to proactively minimize rogue spend and rework which ultimately saves precious time and money. This procure-to-pay solution helps organizations gain a competitive edge by transforming spend management from a reactive cost center to a proactive, profit-driving function. Beyond process optimization, spend data can drive strategic discussions that directly influence organizational growth and financial health.

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Corcentric’s Spend Analytics software creates actionable intelligence that can help organizations consolidate and categorize supplier information and procurement data. Spend analytics tools give you a single, holistic view of organization-wide spend data across all supply chains. Spend Analytics activates data sources to gain deeper insights and converts company spend into strategic actionable intelligence.

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Productiv App Procurement Hub Automate procurement processes, align stakeholders, and assess vendors with data and workflows that do the hard work for you. Productiv enables you to configure automated intake and renewal processes quickly, easily, and cost effectively. Set up data-driven reviews and approvals with multiple stakeholders across departments to improve collaboration, and pair Productiv insights with vendor intelligence to make data-driven decisions.

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Genpact's sourcing and procurement team helps you create enterprise value by implementing seamless procure-to-pay processes that build resilience against economic volatilities and contribute to ESG goals by driving responsible sourcing practices across their company's supplier base as well as proactively manage supplier risks, optimize cash flow, and enhance user experiences and supplier relations.

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