Spend Analysis as a Service Tool, SpendConsultant.com, Makes Spend Visibility Easier with Added Functionality
Willow Grove, PA (December 8, 2017) – Procurement and Strategic Sourcing experts at Source One Management Services, LLC continues to ease the cost reduction process with added features to its spend analysis as a service platform, SpendConsultant.com. The spend analysis tool, which successfully launched last year, offers Procurement and Supply Management teams a low-cost, rapid spend analysis solution.
The spend analysis as a service tool leverages the procurement services firm’s decades of strategic sourcing success to deliver a unique spend analysis experience complete with data visualization tools for drilling into spend data and actionable sourcing strategy advice. Unlike other cumbersome spend analysis tools that require heavy system implementation, SpendConsultant.com delivers an interactive interface that allows the spend analysis platform’s users to clearly view their spend profile and identify cost reduction opportunities across all categories.
In celebration of SpendConsultant.com’s one-year anniversary, the strategic sourcing specialists at Source One have added new features to the spend analysis platform. One notable addition to the spend analysis tool is SpendConsultant.com’s Opportunity Assessment Calculator (OAC).
Source One’s VP of Operations, William Dorn explains, “SpendConsultant.com users will now be able to identify strategic sourcing projects in waves – allowing them to develop and implement cost reduction roadmaps for short and long-term strategic sourcing initiatives.” SpendConsultant.com has also received new data visualization options. The spend analysis as a service platform now offers users the ability to interact with comparative data sets, such as year-over-year changes in spend at the category, sub-category, or supplier level.
Dorn adds, “Most importantly, SpendConsultant.com retains the easy-to-navigate user interface that distinguishes it from other spend analysis software.” New features are still to come for the spend analysis tool, as Source One’s strategic sourcing team aims to help Procurement units develop cost reduction strategies through an effective spend analysis.
Source One’s proprietary eSourcing platform: WhyAbe.com will also undergo an upgrade. Like SpendConsultant.com, the eSourcing platform was designed to simplify the supplier identification and strategic sourcing process. WhyAbe’s user-friendly features have allowed countless Procurement professionals to conduct RFX and reverse auction events over the last decade. With more robust contract management tools, an enhanced interface, and new subscription-based model for Procurement teams, the lowest-cost, lowest-risk eSourcing tool on the market is expected to relaunch in early 2018.