Great financial operations start with deep insights. Spend analytics provides comprehensive visibility into organization-wide spend. Drive data-backed, strategic financial decisions while streamlining your procurement processes.
Spend Analytics Software
Make smarter, faster financial decisions.
Real-time Insights and Detailed Spend Monitoring
Get 360° Spend Visibility
Stay on top of your organization’s global spending trends across departments and subsidiaries. Analyze patterns and get control over maverick, zombie, duplicate, and inefficient spending. Make better-informed business decisions by getting a holistic picture of spend.
Drive Savings
Uncover cost-saving opportunities from data-driven insights. Track key drivers of spend across business units, personnel, departments, and categories.
Identify opportunities to move payments to virtual cards and maximize cash back.
Leverage HR Data for Headcount Planning
Plan, forecast, and track staffing needs using Paylocity as your single source of truth. Take planning out of spreadsheets to reduce errors. Map current and future staffing needs at the seat and employee level with advanced details from HR records.
Boost Financial Efficiency
Track monthly bill payment trends. Monitor the time it takes to create, approve, and pay bills. Hit cycle time goals and avoid late fees. Spend analytics helps with productivity monitoring at both individual and team levels.
Streamline Compliance
Ensure compliance with expense policies, legal documentation, vendor preferences, SOC requirements, and more by routing all spend requests to the right stakeholders. Get visibility into procurement process cycle times so you can fix the bottlenecks that are slowing business down.
Enable On-Demand Reporting
Eliminate time-consuming manual processes by leveraging automated tracking and reporting features. Department heads and budget owners can view or export reporting on their spend without having to reach out to their Finance team. View data by department, team, and vendor on any day of the month.
Automate Low-Value Work to Focus on High-Value Strategic Finance
“The real-time insights that Airbase by Paylocity provides have been crucial in helping us make smarter, data-driven decisions. With this wealth of data at our fingertips, we feel more empowered and strategic, helping us improve our procurement process and identify ways to improve our relationships with vendors. ”
Christina Howlett Perez, Associate Vice President, Procurement, Definitive Healthcare, LLC
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