The Best Spend Analytics Software(BSA) Best Best Spend Analytics Software is a management accounting software for small and medium sized businesses. It gives the performance analysis on Profit & Loss, Balance Sheet, Trial balance and P/L variance for existing companies.
Best Spend Analytics software is a cloud based dashboard that lets you track, visualize and analyze your company’s expenses in real time. It visualizes data patterns at a glance to help you drill down to the key information. Best Spend can also be integrated with your company’s existing systems using its advanced APIs, allowing you to easily visualize expense behavior from different perspectives.
Spend analysis software reviews past purchases in order to find ways to save in the future. Sometimes referred to as spend management solutions, the software looks at the three fundamental parts of spending: visibility, analysis, and process. Then, the spend analytics show how your business can improve. In short, your collected spend data can reveal savings opportunities.
Spend analysis has some overlap with procurement software, though they have different functions. Procurement looks at individual order information. Spend analysis software is designed to improve your overall return-on-investment (ROI) by making it easier to review your spending habits across all vectors. And the right software can improve other areas of the company like budgeting, product development, and the management of inventory, suppliers, and contracts.
Tradogram
Tradogram is a powerful, cloud-based business spend management solution designed to help businesses of all sizes implement effective spend control strategies. It is a comprehensive solution that blends six powerful modules: contract management, supplier management, strategic sourcing, order management, spend control, and purchase-to-pay. The solution is designed for business leaders that want to remain in complete control of their procurement process and discover the future of spend management.
What makes Tradogram stand out as a spend management software is its impressive suite of spend control solution. The suite includes a budget planner that enables businesses to control their finances and perform cost forecasting to discover potential savings opportunities. Besides, with Tradogram, it’s a breeze to create dynamic approval workflow systems that improve the company’s spending. Even better, the solution has reliable spend analysis tools that make it easy to perform cost tracking in real-time.
Tradogram offers a free plan that you can use right away. If you just want to see how it work for a time without fully committing, you can easily sign up for Tradogram free trial here.
Try out Tradogram with their free trialVISIT WEBSITEFREE TRIAL
If your goal is to streamline purchase orders, requisitions, contracts, RFQs/RFPs, invoice matching, or delivery tracking, Tradogram has got you covered. The platform puts sourcing events, purchasing process, and supply chain management in sync, enabling companies to improve spend visibility and ultimately, their bottom line. Also, with its versatile procurement features, ease of use, and flexibility, Tradogram is an ideal solution for businesses looking to create custom-made procurement workflows.
Tradogram also makes use of the latest cloud technology to empower purchasing decision makers as well as buyers to control costs, manage suppliers, and save money. Another great thing about Tradogram is that the platform offers a real-time messaging system to help users request relevant information and mitigate the risk of broken communication with suppliers.
Price Range: Tradogram is a low-priced solution that offers sensible subscription-based pricing with straightforward plans. Its free forever basic plan is best for startups and its Premium plan only costs $10/user/month, which makes it perfect for small businesses.
Key Features of Tradogram
- It provides on-off feature controls that make it easy to customize the procurement process to suit a business’ needs.
- It is equipped with an inventory feature that makes it easy to build a distribution channel, set reorder points, and track stock items.
- It has a centralized system for requisitions
- It supports one-click receipt scanning to streamline expense tracking.
- It supports three-way invoice matching.
- It has robust delivery tracking tools for precise order receiving and timely deliveries.
- It comes with reliable purchase order features that streamline purchasing workflow.
TradeGecko
TradeGecko is a powerful, cloud-based supply chain and order management software designed with high-growth e-commerce brands, distributors, wholesaler, and manufacturers in mind. The solution provides an all-inclusive suite of features including CRM, order& fulfillment, inventory management, and intelligence, wrapped together in a single platform to help businesses take complete control of every operation.
With TradeGecko, orders, products, customers, and insights are combined in one place for complete visibility and control over inventory. Keeping a single source of truth on inventory ensures that you have real-time information to easily determine where to get stock without wasting resources. This way, you are always on toes and ready to capitalize on any emerging sales opportunity. Also, unlike other products, TradeGecko has a proprietary payment solution designed to facilitate seamless payment experience.
You can try out all TradeGecko features for free for a period of time to if they suit your needs.
What’s more is that the solution integrates all locations, sales channels, and currencies, allowing users to manage all orders, products, and customers from a single console. What sets it apart from others, however, is its ability to receive invoices, orders, and the effectiveness with which it maintains perpetual inventory. In addition, its report and insights module provides detailed customer insights that enable businesses to build strong relationships with suppliers, distributors, and customers.
Even better, If you are an online store owner, TradeGecko’s interface will win you over with its clean design, modern feel, and straightforward functions. The interface epitomizes TradeGecko ease of use for it allows users at all levels to use the solution smoothly and more efficiently.
Price Range: TradeGecko offers a full-featured free trial that allows you to test the waters before picking a plan. Its paid plans range between $39/month to $599/month, but there are additional plans for high-growth companies including a Premium plan – $799/month and a quote-based Pro plan.
Key Features of TradeGecko
- It has an inventory module to help businesses keep track of inventory.
- Its order and fulfillment features make it easy to manage orders across channels.
- It comes with a reporting module that delivers helpful customer insights and demand forecasting.
- It has a B2B e-commerce portal perfect for online store owners.
- It provides iPhone and iPad apps to help users manage inventory and sales from their mobile.
- TradeGecko Payment, a proprietary payment processing product built to streamline payments.
Procurify
Procurify is a cloud-based spend management solution designed to help medium to large organizations get the most out of their spending. The solution provides tools that help businesses achieve greater visibility into their spend, monitor purchases, and report on the financial data with pinpoint accuracy.
Procurify is billed as an accessible and convenient solution, and its availability on both desktop and mobile devices justifies this claim. Its mobile interface is particularly helpful for users that want to track approval and manage business spending even when on the go. The best part is that whether you are completing a task on your desktop or mobile device, Procurify offers the same flawless experience.
If you want to investigate Procurify features closely, you can easily do so when you sign up for Procurify free trial.
No more email or spreadsheet to manage your approvals, with Procurify, its a breeze to create customizable approval flows that suite your requirements. Also, the ability to view the real-time budget impact and notifications means you can approve requests more confidently and in a timely fashion.
Besides, the real-time budget tracking feature, allows you to keep your spending in check and make accurate decisions based on your company’s goals. More importantly, Procurify’s expense management enables you to put maverick spend under complete control.
What’s more intriguing is the spend analytics and reporting module. The module provides simple reporting graphics revealing trends of how money flows out of your business. With the graphics, it’s easy to pinpoint what is purchased and who is spending, ultimately curtailing maverick spending.
Try out Procurify with their free trialVISIT WEBSITEBOOK DEMO
Price Range: Procurify offers detailed pricing with three quote-based plans. Contact the vendor for a detailed price quote.
Key Features of Procurify
- It offers customizable approvals that can be designed to suit unique requirements.
- It streamlines sourcing, purchasing, and receiving of items.
- It comes with a robust budget tracking tool that enables you to see what is left in your coffers.
- Its expense management tools make it easy to control spending.
- It has an analytics and reporting module that delivers helpful insights into spending.
Orderhive
Orderhive is a cloud-based, multichannel order, inventory, and shipping management software designed for forward-thinking retailers, distributors, and wholesalers. Equipped with tools such as order management, inventory management, shipping management, purchase management, returns management, and warehouse management, the solution has everything a business needs to streamline and automate operations, manage spending, and make customers happy.
In particular, the purchase management offers a suite of tools including automated PO creation, barcode systems, multi-currency transactions, and more. These tools work in unison to streamline the end-to-end procure-to-pay process for seamless supplier coordination, on time purchasing, and effective spend management.
If these features seem interesting, you can investigate them further when you signup for an Orderhive free trial.
Better still, with Orderhive, it’s easy to manage every facet of your order process from warehouse to customer, while streamlining other functions such as backorders, multicurrency transactions, and team collaboration. Another thing about Orderhive is that it integrates with multiple channels like eBay, Amazon, Shopify, WooCommerce, BigCommerce, etc, which makes it a breeze to automate inventory updates across these platforms.
Price Range: Oderhive provides a simple pricing structure with plans that range from $49.99/month to 149.99/month. They also offer an Enterprise plan with prices that are available upon request.
Key Features of Orderhive
- It has an order management suite for streamlined order fulfillment workflow.
- It comes with a simple real-time inventory management system.
- Its purchase management module offers all the tools you need to simplify purchase management.
- Its warehouse management module automates workflows to streamline the fulfillment cycle.
- The reporting and analytics module provides real-time access to helpful insights.
Conclusion
The only Spend Analytics Software to use a mathematical formula to generate a 100% accurate variance report in real time, 24 hours a day, 7 days a week. No report delays. No old reports left in backlogs.