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Procurement analytics

Procurement savings tracking, from opportunity to the P&L

Track savings initiatives from idea to realised savings against actual spend, with one agreed way of calculating savings for procurement and finance.

Book a demo What you can measure ↓
The challenge

Savings that finance can sign off

Savings are often tracked in spreadsheets that only one person understands. Opportunities get lost between being spotted and being delivered, and month-end reporting means hours of reconciliation.

When procurement and finance calculate savings differently, the numbers get challenged instead of celebrated.

What you get

Savings & Initiative Tracking in DataKITE

One pipeline

Every savings initiative from idea to delivered, with owner, stage, category and expected value.

Measured against real spend

Realised savings calculated from actual invoiced prices and volumes, not estimates.

Agreed calculation rules

One set of savings definitions, such as price reduction, cost avoidance and working capital, that finance signs off.

Controllable vs market

Separate negotiated savings from changes caused by volume, market prices or currency.

Beyond cost

Track non-financial goals such as emissions reduction or supplier consolidation in the same place.

Board-ready reporting

Savings against target by team, category and region, always up to date.

What you can measure

The numbers on your dashboard

  • Savings pipeline by stage
  • Realised vs forecast savings
  • Savings against target by category and team
  • Cost avoidance and price reduction, reported separately
  • Time from idea to realised savings
Who it's for

One set of numbers for every team involved

Heads of Procurement

One trusted view of what the team has delivered.

Finance Directors

Savings calculated the way finance agrees, linked to actual spend.

Category managers

A clear pipeline and less time spent on reporting.

How it works

From your systems to live dashboards

  1. 1

    Connect your data

    We sign an NDA, then connect your ERP, purchasing and finance systems, with access agreed with your IT team.

  2. 2

    We cleanse and map it

    Suppliers, categories and cost structures set up the way your business defines them. That work is ours.

  3. 3

    Act on live dashboards

    Power BI powered, online and secure 24x7, shared with everyone who needs them without a Power BI licence each.

Related reading

More DataKITE solutions

Finance

Payment Terms & Working Capital

Procurement

Contract Compliance Analytics

Procurement

Purchase Order Analytics

Procurement

Market Price Benchmarking

Sustainability

Scope 3 & CO2 Emissions Analytics

Finance

Direct Materials Budgeting & Forecasting

Procurement

Spend Data Cleansing & Classification

Book a demo

See what your data is telling you

  1. 1We reply within one working day to find a time.
  2. 2A 30-minute screen share of DataKITE dashboards for your departments.
  3. 3If it fits, a plan to connect your systems and build your first dashboards.

Prefer to talk now? +44 (0)1740 625 258 or hello@i2b-online.com

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