Get clear insights into expenditure by vendor all the way down to the invoice level; to help sharpen bottom-line focus throughout the organization.
Ever wished you could quickly determine exactly how much you’ve spent on a Billing Category such as Well Stimulation in the past year, and with which vendors? Have you wished for the ability to drill-down to the invoice level with a couple of clicks? Do your current vendor reports help you optimize your procurement process by identifying non-standard purchasing activity?
Do all of this and more with Seven Lakes Vendor Spend Analytics that gives you deep insights into spend activity and lets you take control of your procurement process.
BUSINESS BENEFITS
- Easy tracking of your best and worst performing vendors for optimal procurement
- Quick audit and reconciliation between invoiced amounts and statements; Ability to pull invoice images with a click of a button
- Reduced incidents of duplicate invoicing and incorrect rates, promised per signed contracts
Features
- Keep an eye on the top vendors by expenditures
- Monitor expenditures for well copmletions (completions is misspelt)
- Cross system integration with ERP/document mgmt. systems
- Vendor status reports