Leveraging advanced machine learning, RAPid provides unprecedented levels of spend visibility. Regain control of your procurement data and processes, which combine to help youto deliver immediate improvements in operational performance and employee productivity.
RAPid Spend Analytics is designed to help procurement professionals develop meaningful insight into spend data and supports improved decision making. With access to improved business intelligence, procurement teams are able to deliver greater value throughout the supplier lifecycle.
The intuitive, user-friendly platform automates the resource-intensive process of aggregation, cleansing, categorisation and enrichment of data from a wide range of systems, both internal and external.
At a high level, Spend Analytics enables business stakeholders to review core operational data, such as spend by business area, levels of working capital and performance against KPIs.
For more forensic analysis, Spend Analytics provides critical, line-item detail on suppliers (such as preferred supplier utility and supply chain risk) and category management insight; including spend under contract, savings to date and unusual volumes of PO activity per supplier.
As your business objectives evolve, RAPid evolves with you. If you want greater insight into specific areas of spend, simply add more sources of data. There’s no need for costly bolt-on modules.
Spend Analytics is a fully hosted solution, delivered as-a-Service from a resilient Azure platform. All you need to access 360-degree visibility of your supplier data is standard access to the Internet.
Download our White Paper: 'How to Obtain a Return on Your Spend Visibility' to understand what procurement analytics could deliver for your organisation.