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Traditionally, procurement analytics have focused on understanding procurement spend and supplier performance solely from a historical perspective. But that is no longer sufficient when procurement organizations face ever-tightening schedules, inflated cost pressures, and the need to get ahead of rapidly changing market dynamics.
As the value of targeted data and complexity increases, it’s imperative to treat data as the most valuable assets and apply a structured toolbox to maximize return on usage. That’s at the core of our digital procurement solutions.
ProcureAbility’s digital solutions enable procurement organizations to drive disruption rather than be buffeted by it. Our digital procurement strategy will put you in control by giving your organization new insights into spending, solving procurement and business problems, improving processes, and generating measurable cost savings.
ProcureAbility prepares our clients for the future of procurement–helping them discover, develop, and refine their analytics practices and leverage innovative and industry-leading marketing intelligence. We help them pave the way for their teams to become world-class procurement organizations.
Strategic procurement is now fundamentally reliant on analytics, but procurement teams need a low-risk, high-value solution that can be customized and tailored to suit their specific needs. PureSpend—our technology platform, which combines industry-leading technology with proprietary algorithms—collects, cleans, classifies, and analyzes your expenditure data with an eye toward decreasing procurement costs, improving efficiency, and monitoring compliance. It can also be leveraged in other areas of the business, including inventory management, budgeting, planning.
Our industry-leading PureSpend technology features are designed by experienced procurement professionals, conceived as a flexible service addressing the nuances of each client’s situation, with a clear focus on actionable procurement analytics. PureSpend is a true procurement digital transformation—it does not require specialized staff or training to operate and realize full value, is largely independent of the internal IT function, and requires limited financial commitment while providing high ROI.
Technology allows procurement organizations to elevate from a tactical part of the organization to a full-fledged contributor to business strategy.
ProcureAbility’s Advanced Analytics provides powerful data analytics to your team so they can make data-driven decisions that supercharge your procurement effectiveness, solve business challenges, and improve the bottom line. We work with your team to translate complex business issues, requirements, and data into structured analytics that transform your business operations.
Procurement teams need intelligence beyond the ordinary to use data to solve business problems and save money. ProcureAbility Market Intelligence translates complex market information into easily applied, valuable marketplace insights and answers questions specific to your unique category and business needs. Our suite of publications is designed to support sourcing professionals and is complemented by access to researchers and analysts that have decades of experience helping companies better understand the markets in which they compete.
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