Spend Science
Unlock Hidden Value in Your Spend Data
using Unrivalled Artificial Intelligence
Spend data constantly accumulates if nothing is done with it and then the data can become
unorganised and inaccessible making it hard to extract value.
Spend Science, our solution, uncovers hidden value in your spend data, enabling you to better plan your
procurement strategy and achieve more cash control.
Unlike other spend analytics providers, we use proprietary Artificial Intelligence (AI) tools to interrogate,
categorise and enrich data so we add value to your data to give you something worth viewing!
1. Cleanse and Consolidate
Spend Science takes data from multiple
sources, cleanses it and consolidates it into a
single unified data set for you so there’s no
need for extensive data preparation by you.
2. Normalise and Organise
Spend Science standardises names and terms,
removes duplicates and identifies hierarchical
relationships within the data. We even map the
data to your own or industry-specific
taxonomy.
3. Enrich and Enhance
Spend Science enriches your data with
additional information from our extensive £100bn+ data set and external sources such as D&B.
4. Display and Relay
Spend Science displays your enriched data in a powerful (and free) viewer, relaying valuable insights
to assist you in improving procurement planning, contract negotiation and cash management.
ROI examples include:
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©Science Warehouse Limited
10-20% reduction in supplier volumes.
15% reduction in invoice volumes.
40-50% savings on maverick spend.
15% reduction in tail spend saving £11m.
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Spend Science assists you to:
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Identify early payments, duplicate payments and invoice fraud.
Undertake supplier rationalisation and category management.
Measure supplier performance, supplier contract compliance and maverick spend.
Identify purchase price variance and supplier negotiation opportunities.
Why Spend Science?
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Accurate data - our proprietary Artificial Intelligence (AI) tools map over 90% of transactions to
line level.
Your classification system, not ours - we work with your data classification system rather than
imposing a taxonomy on you.
No internal IT support required - we do all the work, not your own IT team.
On demand – only pay for the services you use; we won’t drag you into a long-term commitment.
Fair and transparent pricing - our transparent pricing is based on the volume and complexity of
your data; there are no additional costs per user; we
offer significant discounts on refreshes as we retain
your initial rule sets for future use.
Unique Spend Heat Mapping
Do you have local spend targets? Spend Science enables
you to display your data in formats that truly enhance
analysis, such as the example of our spend heat mapping.
FREE Data Health Check
We are so confident that Spend Sceince can enable your
business to make increased tangible savings, we would like
to offer you the opportunity to have a free data health check. The health check consists of the following
stages:
• You provide our team with a sample of your data, in a form that’s easiest
for you.
• Our team will evaluate your sample of data using the solutions powerful
artificial intelligence capabilities.
• You will be provided with honest feedback based on our findings, and if
deemed suitable, a full project will be scoped out.
• All free of charge, and with no onward commitment.
Get in touch today to book your FREE Data Health Check!
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[email protected]
©Science Warehouse Limited
0333 600 6300