Maximizing the value of spending data is crucial to driving strategic procurement planning. VYAY Analytic Suite and other spend analysis systems offer powerful tools to extract and analyze department-level data, enabling businesses to gain valuable insights. But spending analysis isn’t just limited to procurement departments – other internal units can also leverage these systems to achieve their objectives.

For instance, finance professionals can leverage spending analysis systems to gain a better understanding of corporate spending. By analyzing data from various sources like purchasing cards, invoices, or requisitions, finance departments can generate more accurate accounting reports. This helps businesses make informed financial decisions and optimize their resources for maximum value.