Solve your data quality problems, and get a spend cube within days.
How it works
- We schedule a 30 minute "kickoff call" where we walk you can walk a team member through the CSV export process for each of your major tools.
- You'll wait 5 business days, while Airflip assembles your spend cube.
- We schedule a 30 minute call to review your spend cube dashboard. We'll let you know what assumptions we made and the top transactions where human review would be beneficial.
The deliverable
Our powerful Spend Analytics solution puts the most important insights at your fingertips, while giving you the control to answer any question that comes up.
- Intuitive Dashboard
Visualize any aspect of your spend data through a variety of charts (like managed spend over time, and Pareto charts). Easily export charts to share reports with your key stakeholders.
- Excel-like Experience
Harness the power of spreadsheets right in your browser. Manipulate your data with ease using filters, sorts, row groups, pivots, and save your custom views.
- Consolidation Opportunities
Discover potential redundancies and duplicative spend. Identify areas where you should staff procurement resources to increase savings.
How we do things
Our process
- Step 1: Data Consolidation:
- We gather all your data, from invoices, contracts, credit card transactions, and POs. Then we match and connect things together to give you a single view of your total spend.
- Step 2: Supplier name normalization:
- Our system identifies and corrects supplier name variations, considering the full context of each transaction. No more confusion with names like "Verizonb," "Verizion," and "Verizon IT" - we'll standardize them all to "Verizon." We’ll also show you any subsidiaries, like TracFone Wireless or Verizon Fios, linked to its parent company.
- Step 3: Categorization:
- We create a custom taxonomy tailored to your unique data. It’ll have three levels of granularity (e.g., Professional Services > Financial Services > Audit). This provides a procurement-specific perspective that goes beyond standard general ledger (GL) taxonomies.
- Step 4: Cost centers:
- We clean up your cost center mappings, and can suggest new ones too. For example, if cloud hosting is marked as a Direct Cost, we'll suggest the R&D function and the IT Infrastructure department.
- Step 5: Your review:
- Have your own taxonomy? Simply send it to us and we'll integrate it smoothly Then, our rule engine provides additional control. Your team can add custom rules, such as tagging transactions from a reseller that only sells for a specific category.
Sign up for a Proof of Concept today.
With our one-month Proof of Concept, you can witness the power of a comprehensive spend cube across all your data - all in less than 2 hours of work.