What is spend analysis?
Spend analysis focuses on studying and analyzing enterprise-wide expense data to identify opportunities that can help in maximizing the value in a category. The steps involved in spend analysis include collecting, cleansing, classifying and analyzing spend data with the motive of reducing procurement costs, boosting efficiency and monitoring compliance.
Unified Procurement Platform
SMART by GEP® is a cloud-based, source-to-pay procurement software that delivers comprehensive spend, sourcing and procurement functionality in a single, unified platform native to cloud, mobile and touch technologies this would be below unified procurement platform