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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 2024

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

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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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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.

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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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.

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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.

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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.

Proactis

Proactis

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Proactis is a Source-to-Pay software solution provider for mid-market organisations across a range of service-led industries. Proactis’ end-to-end modular platform enables customers to control spend and manage supply-chain risk; improve compliance and governance of their purchasing activities; reduce the cost of goods and services; and deliver efficiencies, all through process digitisation and automation.

Dataction Analytics Pvt. Ltd.

Dataction

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Dataction’s Procurement Services supplement the clients’ internal Procurement Department with world-class research, analytics, sourcing, and operations capabilities, so that the clients’ procurement team can focus on more strategic activities. They configure each engagement to best fit the client’s specific requirements. The engagement model allows our clients to leverage different procurement skills offered by our sourcing associates without hiring a full-time resource for each skill.

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