Spend Analytics Services
Procurement has always been one of the oldest and yet critical business functions in an enterprise. It has witnessed numerous technological investments in terms of digital enhancement and transformation. However, the challenges that the Procurement function faced a few years ago still exist today. To address these challenges, Infosys BPM has introduced TradeEdge, an enterprise-grade, AI-powered Spend analysis service that leverages spend data to help enterprises in their journey towards a holistic digital transformation.
Insights
AI-powered Spend Intelligence offering
The Infosys BPM Spend analysis service is designed to augment an enterprise’s procurement ecosystem with AI-enabled spend data management, spend analysis, and opportunity identification, as well as various leading domain services, to overcome business challenges.
$200+ billion
Spend analysed
3,000+
Categories
125+
Insights
10+
Global enterprise clients
Features of spend analysis
- Enable automated data ingestion with pre-built connectors and adaptors facilitating seamless integration without any alteration to the internal systems
- Leverage AI for automating supplier and product harmonisation and further enrich by leveraging multiple external data sources
- Leverage Infosys domain expertise for AI model training
- Implement AI-enabled data cleansing, quality checks, transformation, and de-duplication
- AI-enabled spend analysis and taxonomy enrichment
- Leverage rule-based engine, industry-specific knowledge base, and ML models to achieve accurate classification of spend data
- Multilingual and extensible classification (n-level taxonomy supported)
- S&P experts for spend data validation and governance of the United Nations Standard Products and Services Code (UNSPSC) or custom taxonomy
- Switch from descriptive to predictive analytics with extensive dashboards and predictive analytics capabilities of spend analysis.
- Use Dynamic Guided Opportunity Analysis for continuous identification and validation of improvement opportunities in procurement.
- Monitor procurement health in near-real-time through a KPI scorecard and leverage root-cause analysis to identify areas of improvement in spend data trends.
- Leverage more than 100 pre-built dashboards and analysis to gain granular visibility to spend data patterns and trends
- KPI scorecard: A contextual dashboard to track business metrics and associated targets for procurement managers with pre-built drilldowns for each KPI to enable detailed tracking of spend analysis outcomes
- Root-cause analysis: A general purpose tool that allows root-cause analysis on specific procurement business measures as well as enhanced spend data visibility across categories, business units, products, etc.
- Mix-and-trend dashboard: An integrated dashboard comprising of multiple linked analysis that help enterprises to identify the contribution of categories, groups, products, countries, business units, and suppliers to spot associated trends in spend analysis.
Optimize your spends now
Success Stories
Bringing values to businesses through our products and services
Case Study
Case Study
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