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Insights

SpendHQ AI for Spend Analytics With SpendHQ Insights you can break down spend analytics insights driven by AI and machine learning.

Specifications

Benefits

INSIGHTS – PRODUCT SPECIFICATIONS

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Data classification For cohesive and digestible spend data

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Data monitoring Spend activity alerts

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Forecasting Predict future costs

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Prescriptive analytics Provides insight and suggestions on how to achieve the most savings

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Customizable Each SpendHQ user in your organization can create their own preferred views

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Multiple themes SpendHQ Insights enables you to track insights within your spend data based on central themes

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AI/ Machine Learning

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Automated analysis & recommendations

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Root cause analysis

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Benchmark analysis

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Customizable with filters

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Export results (Excel or PDF)

How it Works 1. Log into SpendHQ 2. Choose Insights from the navigation menu

3. Click on the tile to see the details page 4. Share with your team, or dive into the variance analysis module

Insights  Compliance

More insights themes will be added every quarter!

 Decliners

 Gainers

 Supply Base

©2022 SpendHQ, LLC. All Rights Reserved. SpendHQ, the SpendHQ logo, and Spend Headquarters are trademarks of SpendHQ, LLC. All other trademarks or brand names are the properties of their respective owners.

SpendHQ’s Insights is a “one-stop-shop” solution that takes you from understanding your spend data to actually leveraging it daily. Our spend analytics Insights solution uses AI and machine learning to monitor and surface insights around spend gains, spend declines, and rogue spend at a supplier and subcategory level after our solution automatically cleanses and categorizes your spend data.

SOLVED!

CHALLENGE I can’t see the opportunities my spend data provides quickly

SpendHQ developed our spend analytics Insights AI using trillions of already classified spend data.

I need my own customizable view of my region’s spend data

Insights uses forecasting and prescriptive analytics to immediately show you – through user-friendly dashboards – what you can do to optimize your procurement strategies, supplier relationships, and cost-savings opportunities.

I need the root cause analysis done for me It’s hard to tell if the top gainers are preferred suppliers I want to spot non-traditional spend opportunities

WHY INSIGHTS ?

I need insights from external sources

Create alerts and set filters on specific insight cards, drill down into specific suppliers, and even check the health of your supplier diversity program.

Export reports from your AI-driven Insights using the filters you create

GETTING STARTED IS EASY!

spendhq.com/insights

Choose Insights from the navigation menu Advanced analytics Training, including Insights, is free once a month!

Click on the tile to see the details page Share with your team, or dive into the variance analysis module

©2022 SpendHQ, LLC. All Rights Reserved. SpendHQ, the SpendHQ logo, and Spend Headquarters are trademarks of SpendHQ, LLC. All other trademarks or brand names are the properties of their respective owners.