Use predefined spend category hierarchies or customize taxonomies as needed. The powerful, AI-driven tool helps classify spend automatically, or you can use the flexible drag-and-drop option to categorize your existing and future spend data.
Category insights at your fingertips - no more Excel! Employ out-of-the-box analytics for categories, suppliers, item-level data, and more to ensure smarter, fact-based decisions. Get the insights you need to understand, manage, and track spend categories successfully.
Easily allocate resources and ensure focus to drive savings and efficiencies. Built-in algorithms and widgets help you identify cost savings opportunities (and risks) across your spend categories, such as renegotiation, bundling, and consolidation.
Elevate supplier performance and build sustainable supplier relationships by conducting evaluations across your suppliers and contracts. Collect crucial feedback from your internal business stakeholders, or get the suppliers to provide you with self-assessments.
Combine your data with external data sources to understand the market better and make more informed decisions. Integrated third-party sources to provide you with additional market insights, such as supplier risks, market prices, supply outlook, and sourcing risks.
In the end, category management boils down to pursuing and executing initiatives to drive value in cost and beyond. Manage all your activities to help get spend under management and ensure full process transparency across your procurement organization.