Spend Intelligence: More than Just Reporting

PowerAdvocate's deep industry knowledge and experience is embedded into our Spend Intelligence technology and services to more accurately classify spend. Spend Intelligence is uniquely designed with an energy-specific schema, allowing you to perform analyses, uncover trends, spot savings opportunities and make recommendations to improve supply chain performance.


SEE EVERYTHING

See All of Your Spend

Account for all of your spend with 99% accuracy

Spend data can be hidden across multiple systems requiring months of an FTE’s time without guaranteeing a complete picture of spend.

Aggregate enterprise-wide spend to address all types of spend (materials, services, direct and indirect) often overlooked in ERP, AP, PCard, T&E and Legacy systems alone.


DIVE DEEPER

Dive Deeper

Understand Your Spend

Classify your spend to speak the way you do

Data is a mess and normalizing it is the key to delivering any insight. Without the industry-specific schema in place, your spend is still not visible.

PowerAdvocate classifies your spend to speak the way you do. We apply a logical, comprehensive, industry specific three-tiered schema encompassing over 100,000 mapping rules by Natural Buying Groups.

Trained PowerAdvocate professionals do the heavy lifting, delivering results in 4-10 weeks.


NAVIGATE THE FUTURE 

Act On It

Enrich your spend with market data to identify opportunities

Understand your spend at a detailed and granular level to create comprehensive Opportunity Assessments. Identify categories that may be opportunities for cost reduction and capital redeployment.

Detailed levels of spend breakdown enable you to identify opportunities by:

  • Categories with high spend and a high supply count
  • Suppliers with high spend
  • Key items impacted by commodity volatility exposure

Thus, you have the ability to perform a thorough and accurate Opportunity Assessment at your fingertips to drive immediate results.


 

Spend Intelligence: More than Just Reporting

PowerAdvocate's deep industry knowledge and experience is embedded into our Spend Intelligence technology and services to more accurately classify spend. Spend Intelligence is uniquely designed with an energy-specific schema, allowing you to perform analyses, uncover trends, spot savings opportunities and make recommendations to improve supply chain performance.

Product Benefits:

Increased Spend Visibility, Faster:

Data aggregation, standardization and classification takes a fraction of the time through our automated rules-based engine

 Accurate Reporting:

Monitors suppliers, line descriptions, and utility organizations

 Easy-to-Use Dashboard Interface:

Web-based interface to report on spending across the enterprise by any data field, including supplier, category, and business unit

 No Release Headaches:

On-demand support and upgrades, enhancements are rolled out in days, not months, does not add to already over-burdened enterprise data centers

Spend Intelligence: More than Just Reporting

PowerAdvocate's deep industry knowledge and experience is embedded into our Spend Intelligence technology and services to more accurately classify spend. Spend Intelligence is uniquely designed with an energy-specific schema, allowing you to perform analyses, uncover trends, spot savings opportunities and make recommendations to improve supply chain performance.

Product Features:

Data Aggregation and Enrichment:

Spend Intelligence aggregates data from all the individual disparate systems into one data cube. PowerAdvocate maintains an energy supplier database with over 25,000 suppliers, linking supplier names and key energy spend items.

Classification:

PowerAdvocate applies over 100,000 rules and a dedicated team of experts to classify spend into an energy-specific taxonomy. The data is passed through our automated rules-based engine for standardization and classification in a three-tiered schema to deliver more granularity in key spending areas.

Reporting:

Spend Intelligence focuses on your controllable portion of spend, providing detailed insight into your supply base for each category. The reporting allows you to identify which business units control most of the enterprise supply chain spend, develop strategies for off-contract spend, and understand spending trends with suppliers and within categories to enhance strategic goals.

Spend Intelligence Brochure

PowerAdvocate Spend Intelligence: More than Just Reporting

Do you have the complete picture of your total spend to make the right decisions, quickly?

To effectively identify and prioritize savings opportunities, you need visibility into your current operations. Declining revenues, increasing costs and an ever-changing industry and regulatory landscape are forcing utilities to closely manage their business. Visibility into your existing spend is imperative to manage and reduce costs, mitigate supplier risk and ultimately improve operational performance.

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