MySpendNet™ utilizes business rules to auto-classify and analyze procurement spend data beyond what is available in established Enterprise Resource Planning and legacy systems.
Make the right sourcing by visualizing/analyzing the whole operating flow data in a real time basis.
MySpendNet has helped organisations save Million$ by helping them understand and control their Spend
Auto-classify and analyze spend data in ERP systems
MySpendNet™ gives you Actionable Insights into your procurement spend. Take control over what you spend on, with who, on what terms and at what prices. Gain control over your spend.
MySpendNet™ auto-generates business rules to automate the classification of raw spend data to provide category managers in-depth analysis at an unprecedented granular level of detail, previously unattainable by generic BI tools.
MySpendNet™ uses 3 modules to conduct spend analysis:
MyDataCube™ - Automate the extraction of raw spend data. Transform and enrich your data with additional benchmarks and industry metrics. You don’t need ICT skills to create or uses spend cubes.
MyDataConn™ - Take controls of your analysis of spend. Find the data you want, and our system will auto-generate the rules to automate the classification for you
MyDataDeck™ - Use our storyboard to guide your presentation. Present your analysis, findings and recommendations interactively. Drill down to details online or offline.
MySpendNet™ sits on top of legacy ERP systems and extracts data across multiple disparate sources (e.g. AP, GL, ERP, eProcurement, P-card, Bank feeds or outsourced service providers e.g. contract manufacturers, logistics providers).The extracted data is then warehoused, classified and analysed on a monthly basis to assist sourcing strategy. This approach allows Procurement Users to refine cost savings while Finance users continue in the manner in which they are accustomed, as back-end systems are not affected.
By understanding spend behaviour, Procurement users can:
Identify savings opportunities
Leverage buying power
Reduce procurement costs
Improve supplier relationships
Perform Supplier ranking