The journey to becoming a best-in-class procurement organization requires that you grow your sourcing pipeline with projects that are aligned with your organization’s goals and growth initiatives. But what do you need to identify what those goals should be? What initiatives will allow you to grow and gain more influence? You don’t need data; you need intelligence.
With Iasta’s Executive Analytics Suite (EAS), you will drive value by gaining visibility into the entire sourcing and spend management spectrum. Intelligence is gained in three main areas, reported in Iasta’s proprietary Business Intelligence tool:
The linkage of this knowledge in one place – a one-stop spend and SRM intelligence center – gives managers and executives the tools they need to mitigate risk, ensure compliance, build a strategic sourcing pipeline, balance workload, gain market knowledge, benchmark, and forecast for future success while tracking progress to KPIs.
Within EAS in particular, the intelligence is pulled directly from the data generated by buyers and category managers in Iasta’s SmartSource, across four main areas:
The Iasta Executive Analytics Suite provides a single source of truth into the type of business intelligence your management team needs. Having sourcing, contract, and SRM reporting at your fingertips makes Investigation and Interpretation possible through one-click discoveries and data associations. The knowledge gained makes for purposeful identification of KPIs and milestones wrapped around a strategic sourcing business plan. All that’s left is Implementation and the tracking of your initiatives, which can also be managed from your EAS cockpit – beginning a continuous loop of good business processes based on real-time information.
