Procuri has made TotalSpend, which it calls the industry's most comprehensive spend management solution, generally available.
Procuri TotalSpend is designed to automate and streamline the complete spend management lifecycle, including advanced spend data extraction and classification, spend visibility and analysis, spend category management, and purchasing-team knowledge management. The new offering is the first solution to enable enterprises to quickly and easily classify, analyze, and act on detailed spend intelligence-all from a single platform.
Procuri says that TotalSpend expands upon the features and capabilities from TrueSource, a leading provider of spend intelligence and spend management solutions, which Procuri acquired in September 2006. The enhanced solution includes new features and enhancements in the following areas:
• Spend Data Management-Enhanced ETL and data-extraction templates simplify and automate extraction from any ERP or legacy business system. Intelligent rules-based classification engine auto-classifies all types of spend data, including services, at a detailed, line-item level. A structured process and advanced data and business auditing ensure data and classification accuracy. And embedded enrichment capabilities enhance spend data with value-added business intelligence.
• Spend Analysis-Enhanced reporting and role-based dashboards give stakeholders - from purchasing agents and commodity managers to top-line executives-access to the spend intelligence they need most. More than 70 pre-defined reports provide the most common business views into spend, compliance, and supplier data. And online drilling and custom report builders enable more detailed and infinite analysis.
• Spend Category Management-Category-specific dashboards provide complete diagnostics of spend, project plans, and supplier performance specific to the organizational business taxonomy. Intuitive project management features enable compliance, audit, diversity reporting, and knowledge management for the entire global purchasing team.
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