Improve profitability with transparent insight into spending

MindTree's Spend Analysis Solution ensures your enterprise is able to reduce over spends and prevent profit pilferage.

Today's outlook to business focuses on bottom-line as much as top-line. In the age where every dollar saved is literally a dollar earned, how can your enterprise maximize returns on every dollar of investment? Can technology provide accurate tools to prevent profit pilferage and enable accurate sourcing?

The answer lies in building transparent yet intelligent technology watchdogs that keep an eye on every dollar spent. However, this is easier said than done. Evaluating spend to maintain a healthy procurement ecosystem is a challenge within any procurement unit. Today organizations are stepping away from only cost reduction and moving to true strategic sourcing that includes a comprehensive insight into the sourcing lifecycle. Organizations are exploring the most optimized mechanism to analyze total spend so as to segment data into meaningful categories, locate opportunities for rationalization, bring more items under negotiated contracts, benchmark spending against price trends and manage risk related to supply and demand. Such analysis can identify areas where spending can be optimized so as to achieve long term strategic sourcing advantage.

MindTree's Spend Analysis Solution

Realizing the importance of reliable and complete spend information, MindTree offers its extensive experience in business intelligence to develop a scalable spend analysis solution, which is based on MindTree's RUBIC (Re-Usable Business Intelligence Components) Framework. The solution monitors every single dollar of spending across all procurement units and can be used by any manufacturing enterprise to generate accurate analysis of spending trends across suppliers, items, geographic locations, buying units, and currencies to derive the maximum intelligence penetration.
The spend analysis solution offered by MindTree provides the necessary foundation for procurement units seeking to make better, more informed sourcing decisions, and can directly contribute to the organizations profitability.

The solution consists of three layers:

Data integration layer

• Consolidates data from various transaction systems
• Contains pre fabricated, yet customizable, data model
• Provides tool set to accelerate BI solution development and implementation (Generic Fact Loader, Test Data Generator, Data Sift, Time Dimension Modeler)

Intelligence Layer

• Contains spend management catalogues that can be customized for any industry
• Provides an integrated logic engine for extensive analysis and a programmable alert engine

Presentation Layer

• Enables intuitive information delivery in the most relevant and user friendly way
• Contains multiple templates for dashboards and static reports for structured analysis
• Provides ability to create ad-hoc reports for deeper unstructured analysis
• Interactive rich data visualization components (GIS Maps, Bubble Charts)
• Enables information delivery leveraging multiple technologies (Portals, Customized Emails)

MindTree's Spend Analysis Solution Coverage

• Value Assessment
• Functional Design
• Data Modeling
• Implementation & Rollout Planning
• Package Installation & Configuration
• Integration
• Custom Development
• User Training
• Ongoing Application Support
• Maintenance and Enhancement Services

Business Benefits

Spend Volume Aggregation: The solution helps aggregate spending information across different geographies and business functions. Supplier Rationalization: Helps organizations rationalize suppliers and authorize scale.

Contract Compliance: Tracks contract compliance and removes surreptitious spending.

Inventory Standardization: Inventory across all business functions can be standardized to reduce ad-hoc spending.

"Requisition to Pay" process improvement: Tracks various stages of the procurement process from requisition to payment and helps reduce the overall cycle time and optimize cash flow.