Ketera Spend Analysis: Spend Intelligence from Your Transactions
Ketera Spend Analysis, an On Demand, Web–based spend intelligence solution, helps customers access, organize and analyze spend data on both goods and services. After the completion of such spend analysis from the Ketera solution, companies have a complete and clear understanding of their spend along various at various levels of detail. Such spend intelligence information enables them to:
»
Identify immediate savings opportunities
»
Drive compliance
»
Bring more spend under management
»
Develop and execute sourcing strategies
Ketera Spend Analysis solution allows users to cleanse, normalize, and classify spend data by leveraging automated and patent pending technology to ensure high accuracy and quick turn around time in providing actionable and intelligent spend reports. Ketera Spend Processing leverages the enriched standard learning based algorithms like Bayesian and K–Nearest Neighbor (KNN) and rich knowledge libraries to accurately classify Spend information.
Most large organization have spend data residing in multiple ERP systems spread in diverse geographical locations and in other multiple systems in A/P and GL modules. To provide a comprehensive and complete spend intelligence solution, Ketera Spend Processing accepts spend data files from multiple sources and is not limited by any integration restrictions.
Ketera customers can collaborate online and over the internet during any stage of the process of the spend analysis and therefore have complete visibility into all the stages of the spend process. With Ketera’s spend intelligence reports, our customers have a complete picture of their spend, and are able to:
»
“Right size” or rationalize their supply base
»
Achieve double digit decrease in prices of goods and services
»
Attain year over year cost reduction in their spend
