Cost control and savings are still one of the most important goals within companies. Compared to revenue, savings have a direct impact on operational cash flows. This money is free available for investments improving companies’ competitiveness. The basis for potential savings is a transparent overview of spend per category/material group.
These qualified data supports the procurement manager to negotiate on a professional level with vendors using opportunities to reduce the current cost structure. Spend transparency is also the backbone of every souring strategy. Especially in multinational companies with different ERP systems, data consolidation is hard work and often impossible with the existing tools. Thus, companies need best in class spend analytic tools to improve the company’s value.
The Spend Analytics Cube can embrace following key figures:
We use state-of-the-art technology to extract, transform and load data into the Quantris Connect application. Quantris Connect requires transactional and master data from established ERP Software, such as SAP R/3, Peoplesoft, Microsoft Axapta, Microsoft Navision, Abacus etc. as well most market available databases - e.g. MS SQL Server, MySQL, Oracle, DB2, Tamino XML Server.
We support customers with the following available ETL Tools to process the data:
Data Visualization - beside own products we do support customers with the data visualization with the following 3rd party software:
see also - Quantris Connect