Drill Down Deep Into Your Spend

Drill Down Deep Into Your Spend

Verian’s Spend Intelligence module features exclusive multi-layer data extraction that gives you a deeper level of visibility on a wide variety of reports, spend metrics and KPIs. You can drill down from a high-level overview all the way into raw, transaction-high-level data.

When you combine Verian’s suite of intelligent purchase-to-pay solutions with our Spend Intelligence module, you can view, track, and analyze every penny of your organization’s spend. With this intelligence at your fingertips, you can pinpoint areas to reduce costs, enforce policies, and eliminate redundancies.

What Are You Buying?

Many organizations want more controls over their purchasing, but they don’t have the visibility to enforce it. As a result, they don’t have a clear picture of what they are buying and struggle with missed discount opportunities, waste and fraud.

Spend Intelligence From Verian Technologies gives you a detailed, panoramic view of your entire spend – not just snapshots. See what contracts are being used by your employees and what suppliers are honoring them. Take a closer look at spending trends to uncover fraud. For example, one purchasing department discovered an annual spike in offi ce supply requests in early fall, right before school resumés.

Spend Intelligence gives you the visibility you need to enforce spending controls and policies.

WITH SPEND INTELLIGENCE

FROM VERIAN TECHNOLOGIES

Category Report

Total PO Spend by Category (Top 5)

2009 2010

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0 110K 88K 66K 44K 22K Spend A moun t Total PO Spend 2 - Year Trend 0 K K K Comput er har dwar e Comput er sof twar e Furnitur e Legal S ervic es Marketing Supplies

Off Contract On Contract

0 110K 88K 66K 44K 22K Spend A moun t

Contract Utilization by Category (Top 5)

Who Are You Buying From?

Many organizations also do not have the means to quickly and easily analyze the broad scope of vendors they do business with. The lack of vendor visibility causes unnecessary redundancy, complexity, and may even drive up price.

Instead of buying office supplies from three different suppliers, imagine the savings and simplicity of just using one preferred supplier. Spend Intelligence from Verian Technologies makes it easy to see all the suppliers you use across the entire enterprise and consolidate to leverage better pricing. Drill down deeper to analyze spend by office/branch to ensure company-wide compliance. Drill down ever further to see which suppliers are offering early-pay discounts – and which are being utilized. Also make sure that traveling employees are using contracted hotels, rental cars and airlines.

Spend Intelligence gives you the power to consolidate and drive down costs by sourcing strategically.

Total PO Spend by Vendor

Budget I nteriors Dell C omput er Legal P artners LL C Offi ce Depot Verian T echnolog ies 0 180K 144K 108K 72K 36K Spend A moun t

Total PO Spend by Vendor (Top 5)

Budget I nteriors Dell C omput ers Legal P artners LL C Offi ce Depot Verian T echnolog ies

Off Contract On Contract

0 300K 240K 180K 120K 60K Number of V endors U sed

Contract Utilization by Vendor (Top 5)

Contract Utilization by Vendor

Airfar e Hot el/L odg ing Meals Membership/Subscriptions Park ing Reg istration _{Rental C} ar Tuition Reimbursement Wellness Benefit 0 90K 72K 54K 36K 18K Spend A moun t

Compliance Analysis by Expense Type for Chicago Location

Compliant Non-compliant Instruments Produc tion Elec trical _Valves Compr essors 0 25 20 15 10 5 Number of V endors

Vendor Category Spread by Category (Top 5)

Vendor Category Spread

How Much Has Been Spent Against Budget?

In addition to knowing what you’re buying and from whom, organizations need real-time access to budget accruals. Without accurate budget data, management is often forced to make critical spend decisions in a vacuum.

Verian’s Spend Intelligence module serves as a central repository for budgeting and spend data that can be accessed, updated, and shared across your entire enterprise. With Spend Intelligence, you and your team have complete and accurate visibility into every line item of every budget. Purchasing, accounts payables and other departments are all connected to the same information, including:

• How much has been ordered and how much remains on all budgets

• Detailed spend tracking on a project-by-project basis

• Who is ordering off each budget and what they are buying

Spend Intelligence gives you the budget data you need to make critical spend decisions.

Understanding spending patterns is the fi rst step to saving money, increasing control, and boosting productivity. Spend Intelligence from Verian Technologies helps you make sound fi nancial decisions faster, easier, and with more confi dence.

Spend intelligence is available for Verian’s full suite of purchase-to-pay solutions including Purchase Manager, Expense Manager, Asset Manager and Invoice Automation.

Budget Spend vs. Actual

00-001 09-126 05-95 07-248 09-163 100%

Held Committed Expensed Remaining

P e rc en tage of T otal Budget

Budget Analysis (Top 5)

Other Reports Available

• Lead time • Spend analysis

• Spend by: Total, vendor, location/group, manufacturer, item category, contract • Statistics: Average cost, requisition

volume, requested vs. approval total, requisition to approval turnaround, requisition to PO turnaround

• Invoice exception rate by location/vendor • Invoice capture metrics

• Invoice processing metrics • Invoice payment metrics • Invoice discrepancies • Payment reports