DXC Spend Analytics Infographic
Regardless of size, industry sector, technology landscape, procurement model or analytics maturity, many organizations still struggle to get all of the necessary data in one place, consistently organized and classified to provide all of the spend and procurement analytics they need. Spend analysis that supports operational procurement activities, identifying opportunities for savings and process efficiency is the foundation. Today, more mature organizations aspire towards a strategic view of the impact that its spending decisions have on strategic business outcomes. They are also looking for ways to take advantage of advanced analytics, predictive analytics and machine learning that positively impact their organizations.
While finance and procurement technologies have vastly improved the quality of input data, advanced analytics requires more advanced data expertise and analytics technology than an off-the-shelf, proprietary spend analysis solution can deliver, particularly if it is tied into a system primarily designed to manage the transactional process. DXC Spend Analytics has a flexible approach that provides either an end to end data transformation and visualization solution or leverages our data and analytics technology expertise to enhance an in-house solution.
Either way, we can support you as strategy, technology and processes, mature over time.
Key Benefits
- A flexible and scalable solution — Our clients get a true partnership which produces procurement analytics focused on their strategic objectives and priorities through a flexible and scalable solution that delivers insights well beyond those from spend analysis tools linked directly to a transactional system. Following a data discovery exercise, we’ve assembled the relevant components of DXC’s proven data transformation, classification methodology and technology framework to meet the procurement analytics needs of over 1,000 clients. With a foundation of complete and accurate spend related data, savings and efficiencies are quickly identified and the aspiration of advanced and predictive analytics informing strategic decisions becomes a reality.
The Visibility Imperative: Achieving much improved visibility of spend on goods and services has helped our largest customer deliver $1.8 billion in savings by leveraging the buying power with common suppliers and categories of spend across over 100 separate buying entities.
- Best possible outcome from the available data – DXC uses the most relevant combination of data science, external data sources, machine learning and traditional BI techniques combined with our own team of experienced data analysts and a private crowd when manual research and validation is needed. Leveraging a knowledge base of data cleansing rules, spend classification decisions and purpose built taxonomies, gained from over 4,000 projects, we deliver a consistent view of spend, even across large numbers of buying entities where finance and procurement systems are not integrated.
- Visualizations relevant for the audience - For procurement analytics to be most effective in influencing buying behavior, it must be centralized, transparent and accessible in an appropriate way to all user audiences. From pre-built dashboards to direct API access to the raw data, and a range of options in between, we deliver visualizations that are audience appropriate. If a client has an in-house procurement analytics platform and skilled resources, we can just take away the pain of getting the data in great shape.
DXC’s analytics team has a deep understanding of procurement-related data from over 1,000 spend and procurement analytics client engagements. We know what is possible to achieve from the data you have today and how to help you get the data you need for the questions you’ll ask tomorrow.
Contact us today to learn how we can help you gain the advantage you need to thrive on change.