Glossary

What is Spend Analytics?

Why Spend Analytics matters

Spend Analytics is the process of collecting, cleansing, and analyzing procurement data to gain full visibility of organizational spend. It supports better supplier negotiations, cost reduction, and compliance. By integrating Supplier Data Management and Procurement Master Data, companies can make more accurate and data-driven sourcing decisions.

Benefits of Spend Analytics

  • Identify hidden savings through Tail Spend Management.
  • Improve forecasting with Supplier Spend Analysis.
  • Strengthen compliance using Data Quality Management and ISO 8000 Data Quality.
  • Enhance decision-making by linking spend insights with ERP Data Quality.
  • How Sharecat supports Spend Analytics

    At Sharecat, we ensure accurate Spend Analytics by delivering trusted, standardized procurement data. Through services such as Data Cleansing, Master Data Governance, and , we enable procurement teams to unlock insights that reduce costs, optimize supplier performance, and ensure long-term sourcing resilience.