Cloud Experts India

Spend Analytics

Open the window to make your spending analysis more astute with ProVen. Open fundamental examples by solidifying a lot of spending Data and assist your Procurement Team to eliminate blind expenditures, screen conduct, and gain further bits of knowledge.

Call For Demo (+91 95919 61422 )
ProVen is an SRM software that offers a wide range of features to assist you in making informed sourcing and purchasing decisions, minimizing vendor performance risks, RFx & e-Auctions, Spend Analytics related solution with suppliers.
Spend Analytics

ProVen's Spend Analytics Goes Past 'Sorting out Conditional Information'

Savings Analysis
Savings Analysis helps you understand your past spending. It looks at things like what you paid before, the documents you used, and the agreements you made. It gives you reports and information to make smart decisions for your business. You can compare what you bought each year and reduce unnecessary spending.

Category Analysis
Category Analysis helps you see which types of things your business spends the most money on. It uses pictures and charts to show you this information in a clear way. This helps you find areas where you are wasting money and make your business work better. By organizing the spending into different groups, you can focus on the most important tasks. It will be helpful to take the right decision for everyone in your orgnzation

Event Analysis
Event Analysis looks at information from each e-auction event. It checks things like how many suppliers took part, how much the quotes were reduced, and if the invoices were paid. Event Analysis helps you see how payments are made and how to negotiate better for more savings in the future.

Supplier Analysis
Supplier Analysis helps you understand each vendor better. It shows you information about their profiles, like how much money you spend with them. With this information, getting the best deals will be easier. Supplier Analysis also helps you bring together information from different vendors in your company. This way, you can make sure they follow the contracts. You can also keep good relationships with them for a long time.

Call For Demo (+91 95919 61422 )

Warming Up Your Data to Deliver the Best Results

Data Aggregation: Combine spending data from different sources like ERP systems and procure-to-pay tools. These sources include files in formats like CSV, Excel, and invoices. Put all the data together in one main database, but keep the original information from each source.

Data Cleansing: Fix mistakes and remove duplicate or wrong information from records. This happens when different systems have different data. By cleaning the data, you can find and fix errors. This helps you have accurate information and make decisions faster.

Data Enrichment: Organizing and sorting supplier data helps you get the right answers. It also helps you understand your business better.

Data Visualization: This final step makes complicated data easier to understand. It shows the data in simple formats. Dashboards are set up to show the data in a way that teams can understand and find interesting. This helps them make plans and decisions for the future.

Why ProVen for Spend Analytics

Unified Spend Data

Unified Spend Data means putting all the information about expenses and purchases in one place. This helps organizations see their spending and buying habits. Businesses can keep an eye on spending for different areas and teams whenever they want, like every day, every month, or every year. They can do this using a single dashboard that shows all the information they need, and they can even customize reports to fit their needs.

Realize Savings Opportunities

Depending on the underlying purchase trends and analytic reports, procurement teams can improve their resource management and minimize spend. Companies can also identify additional savings on indirect items to drive cost effectiveness.

Ensure Compliance with Managed Risks and Maverick Spending

We add information about suppliers and their earnings to the spending data, so you can see how risky your supply chain is. Procurement teams can also reduce unplanned spending by following contracts and improving how they work.

Benchmark Performance

Collecting spending data helps you see how well you’re doing compared to other parts of your business and different places. When you organize and compare data in a useful way, it helps you set achievable goals to improve your buying process.

SRM Key Features

RFX & E-Auction

One Software That Offers All In One Solution For RFx & E-Auctions India’s Most Decorated and 100% Secure Online e-Auction Platform That Makes ProVen The Best Supplier Relationship Management (SRM) Solution.

ERFX

Move away from spreadsheets and manually compare quotations and information from vendors. Cloud Expert’s eRFX solution – ProVen lets you manage all your RFIs, RFQs, RFPs, RFTs, and Auctions, in one system.

Forward Auctions

Exploit forward auction strategies to help net revenues and worth conveyance.

Reverse Auctions

Deploy reverse auction strategies to maximize savings and innovate procurement operations.

Supplier Management

One Software That Offers All In One Solution For RFx & E-Auctions India’s Most Decorated and 100% Secure Online e-Auction Platform That Makes ProVen The Best Supplier Relationship Management (SRM) Solution.

Find New Suppliers

Move away from spreadsheets and manually compare quotations and information from vendors. Cloud Expert’s eRFX solution – ProVen lets you manage all your RFIs, RFQs, RFPs, RFTs, and Auctions, in one system.

Sourcing Optimiser

Enhance your most normal obtaining process, eRFX, and contract talks in the quickest way possible. Leverage ProVen&apos’s intelligent APIs to concentrate all obtaining information onto a solitary stage and improve on the most confounded processes with quicker direction.

Spend Analytics

Open the window to make your spending analysis more astute with ProVen. Open fundamental examples by solidifying a lot of spending Data and assist your Procurement Team to eliminate blind expenditures, screen conduct, and gain further bits of knowledge.

Integration

You can link your processes and technology using ProVen’s smart APIs. This will make different systems work well together. You don’t need to collect information from various tools anymore. You can make your procurement system better.

Contract Management

Say Goodbye to misplaced and mismanaged paper contracts with ProVen’s Contract Management Software. You can say goodbye to risks and lost savings too. It helps you to handle all types of contracts easily, securely, and without using paper and ink. It simplifies the creation, execution, and management of your contracts.

Tail Spend Management

Save up to 20% of your procurement budget by reducing unplanned or uncontrolled spending. ProVen can help you manage your tail spend and find more savings by giving you a clear view of your spending.

Cost Optimization

See where you spend money in your supply chain and find ways to save. Procol’s smart dashboards show you information about how much products cost, details about suppliers, and trends in prices. You can use this information to cut down your expenditure.

Connect with an expert who can share more about our solutions and answer any questions you have.

ProVen Can Revolutionize Procurements For You.

CALL FOR DEMO (+91 9591961422)

Lets Check Some Statistics

Completed Projects
+
Worldwide Client
+
Customer Ratings
Salesforce Consultant
+

RFI Vs RFP Vs RFQ

07/07/2023 No Comments

RFI Vs RFP Vs RFQ In today’s business world, there are many options for enterprises looking to switch immigration providers. They consider factors like service,

Read More »

CONNECT FOR A CONVERSATION !

We would love to hear from you. Let’s Engage