Procurement and Spending Analytics (PSA) is a packaged BI application for Procurement management and Expense management. PSA enables key decision makers to gain an end-to-end view of the procurement process from requisition creation, to approval process, to vendor payment, and analyze the expenses of your organization. PSA enables procurement business professionals to plan, monitor, and adjust procurement processes and expenses in their organization.
PSA enables procurement professionals to gain insight and analytics of supply-chain in the organization including spend and procurement, supplier performance, supplier payable, and employee expense.
In-depth insight and analytics of end-to-end of procurement process enables organizations to reduce costs, enhance profitability, and increase productivity.
Features and Benefits
- Gain end-to-end comprehensive views of the procurement process and historic spending patterns
- Gain visibility of spending by categories, identifying cost saving areas in the procurement process
- Gain insights into supplier performance and compliance, and identify areas for improvement in contracts
- Plan and manage the backlog of procurement so you can forecast, monitor, and adjust product purchasing
- Keep track of Purchase Orders and Products
- Monitor payments and payment schedules