Be it spend data, supplier data or contract data, PRM360 enable procurement departments to unlock the real value of massive amounts of structured and unstructured data without undergoing any laborious processes.

PRM360 helps businesses drill-down into the supplier data anytime, anywhere and give you clear insight into enterprise-wide performance.

Leveraging data analytics can help procurement businesses in the following ways:

• Get real-time reports on supplier base, compliance and other spend data
• Forecast spending and market trends based on the predictions on the pricing and other external factors.
• Manage potential risks effectively by identifying pricing risk, compliance risk, and supplier risk.
• Analyze large volumes of data to spot trends that can help better understand spending, supplier performance and other trends.
• Graphical representation of spend data by supplier/vendor, category, product and other criteria.

PRM360 comprehensive data analytics features can help businesses drive savings and reduce costs while assuring greater visibility and accuracy in the supply chain.