Spend Analytics

Leveraging ML for optimizing spend

CAPIOT Spend Analytics solution leverages Machine Learning to manage and extract value from spend inputs and help corporates gain better control over their spend.

Spend categorization

  • Identify Spend across categories, subcategories, department, business units, etc.
  • Categorization using UNSPSC hierarchy
  • Machine learning and natural language processing techniques analyze and arrive at the most accurate classification

Supplier savings

  • Identify and discover effective suppliers in terms of price and quality
  • Data driven purchase decisions
  • Control corporate spend by gaining an insight into departmental performance

Powerful visualizations

  • Interactive dashboards with drill down based capabilities
  • Ability to perform advanced analytics and statistical computations
  • Real time price comparisons against other vendors and organizations
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