Gain Insight into Your Spend

Ketera Network's Spend Analysis is an OnDemand solution that provides you spend visibility to enable you to clearly determine what is being spent, with whom, and for what. Our functionally rich, scalable, and proven Spend Analysis solution is also provided as a managed service, so you can frequently and cost effectively refresh your spend data (say every few months), run spend analytics on that data and continually find new opportunities for reducing spend.

Ketera Spend Analysis

Ketera Spend Analysis offers invaluable insights into spending patterns, as well as visibility into contract compliance and purchasing policy compliance so you can identify specific cost reduction opportunities such as:

  • Rationalize your supply base
  • Decrease part proliferation
  • Reduce maverick spending
  • Eliminate pricing variance between divisions and plants
  • Ensure people are buying approved products through approved suppliers
  • Identify and address supply risk

Key capabilities include:
  • Managing multiple source systems - Extract spend data from millions of transactions across various systems. 
  • Applying multiple taxonomies - Leveraging standards such as UNSPSC, SIC, NAICS etc, as well as customer specific taxonomies enables elimination of data inconsistencies and appends critical classification attributes. 
  • AI based learning algorithms - Using rich knowledge libraries and algorithms such as Bayesian, K-Nearest Neighbor (KNN) yields more accurate classification.
  • Data enrichment - Append additional supplier details such as parent, diversity status, certifications, etc.
  • Interactive User Interface - Drill down and online drag-and-drop spend analytics provides keen insights

Next Steps

“ We selected the Ketera eRFX tool because it is quick to implement, cost effective and drives efficiencies into the sourcing process.  Its portal design streamlines the communication, document traffic and analysis associated with conducting our RFPs.  The entire Ketera package has allowed us to run more events with fewer resources, leading to increased procurement efficiencies. ” Michael Feeney Vice President, Corporate Procurement for U.S. Bank

“ When using a hard copy or .pdf system to manage our contracts, Luminex would sometimes miss key milestones.With Ketera Contract management we now have full contract compliance and sufficient advanced warning to take the appropriate actions in a timely fashion.  The Ketera solution also has resulted in huge time savings for us; deciphering language in a contract used to take us hours, now it takes us minutes. ” David Mendoza Director, Strategic Planning and Business Development Group for Luminex

“ We recognized an opportunity to enhance our purchasing process with state–of–the–art technology – without the up–front investment and ongoing resource commitment associated with the implementation of enterprise software. ” Mitch Platt VP Contract Services for Con-way

“ Ketera′s on demand solution is ahead of the competition – we will be able to implement the solution in weeks and we never have to worry about taking the system down to install upgrades or make changes. ” Steve Kenny Vice President Risk Management and General Services for Columbia Credit Union

“ From the beginning, Ketera explained everything to us, both from the technical and sales side. They′ve accommodated our needs and have been very helpful and responsive. ” Michael Kapeles Senior Supply Manager for Cabot Microelectronics

“ Not only does Ketera provide innovative solutions for spend management, they also offer high quality professional services that let you get the most from their solutions. Working with Ketera is like a breath of fresh air. ” Nick Walker Procurement Manager for BTP

“ Ketera's new solution is really an amazing innovation that will revolutionize the purchasing industry. ” Dian Trosclair VP of Supply Chain Management for ServiceMaster

“ Using Ketera, we've lowered our costs and improved our compliance with negotiated corporate contracts. By buying on contract, we typically see a ten percent reduction in cost. ” Jim Cebula Director of Global Purchasing for Kennametal

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