LogicSource Inc., a procurement services and technology provider, announced enhancements to its spend and data analytics platform OneMarket Insights.
The new enhancements give procurement users additional data enrichments, new visualization functionality and advanced reporting capabilities, enabling faster and more granular data analysis. Dynamic chart and dashboard enhancements provide sourcing and finance leaders with increased visibility to make strategic budgeting and spend management recommendations.
“Because clean, accurate data is the backbone of sound budgeting and purchasing decisions, our OneMarket Insights solution focuses on capturing spend data from every corner of an organization, enriching it with additional third-party data and implementing monthly refreshes to ensure businesses have a real-time view of their organization-wide spending,” said David Pennino, CEO and founder of LogicSource. “With one source of truth, OneMarket Insights empowers procurement leaders to negotiate better pricing backed by the full strength of their total spend, and enables them to proactively attack and reduce costs.”
OneMarket Insights is one of five modules included in LogicSource’s OneMarket Technology Solution, a fully-integrated SaaS platform fueled with expert procurement services and market intelligence. The purpose-built technology platform provides business leaders with a new agile approach to enable and automate the Source-to-Pay lifecycle.
About LogicSource Inc.
LogicSource is purpose-built to drive profit improvement for its clients through better buying. LogicSource focuses exclusively on the sourcing and procurement of goods and services not-for-resale, which typically represents 20% of a company’s revenue and the area of greatest spending inefficiency. Tested time and again in the marketplace, LogicSource’s proven engagement model builds profitable partnerships that achieve 4–15x ROI.
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