Global enterprises recognize that poor visibility into supplier spend can lead to redundant or overspend. Electronic procurement systems need to be equipped with the tools to analyze data at a granular level. Buyers use Tungsten Analytics in conjunction with Tungsten e-invoicing to reduce costs, ensure contract compliance, and improve procurement controls.
Tungsten Analytics, available to current Tungsten e-invoicing customers, provides the reporting tools necessary for buyers to improve control over their spending. The analysis afforded with Tungsten Analytics comes from invoice line-level detail and can model costs at the supplier, category, and product level. Key benefits of Tungsten Analytics include:
- Real-time price variance analysis
- Contract and policy compliance
- Quick and simple to use
As a cloud-based platform, utilizing existing e-invoice data, Tungsten Analytics can be launched in just 48 hours. And for those busy decision makers who find themselves on the go, it is accessible from both desktop and mobile. See how the insight from Tungsten Analytics can add value to your procurement process. Download this research paper for more details.