| This content applies solely to Award Management, which must be purchased separately from the Appian base platform. This content was written for Appian 24.1 and may not reflect the interfaces or functionality of other Appian versions. |
Procurement Analytics is the practice of analyzing procurement spending to decrease costs, increase efficiency, or improve supplier relationships. With your organization spending millions of dollars annually, tracking expenditures, planning future year budgets, and identifying potential opportunities for savings can be complicated and involve multiple systems, making your ability to identify those savings opportunities sometimes unobtainable.
Appian Procurement Analytics looks to simplify these efforts by providing a consolidated view of your spending, displaying valuable metrics and goals specific to your organization. By integrating with Award Management, Procurement Analytics will utilize available data related to the contract management process to highlight key spending metrics and provide mission-critical reports. The best news is that Procurement Analytics can be deployed immediately alongside your current Award Management instance.
The setup wizard allows you to select the data, charts, and metrics important to you and uses those selections to configure the dashboard to ensure the most critical information is being displayed. The wizard also provides the opportunity to define goals specific to your agency, using that information to provide real-time tracking in the dashboard over the fiscal year.
Spend data, spend breakdowns, and user-defined goals are shown on a single page, making it easier to understand exactly where funds are being spent.
Visualize procurement data that is critical to operations, such as unliquidated obligations.
Review process-related data to identify potential inefficiencies or bottlenecks.
Seamlessly integrate with Award Management data to support the Procurement Analytics dashboard, minimizing efforts during initial setup. Procurement Analytics will link directly to award records to provide additional information.
Ready to incorporate the Government Procurement Analytics application with your Award Management solution to empower your users with data-driven insights to optimize procurement activities? Download, install, and incorporate the Government Procurement Analytics Add-On Module today.
Appian Government Procurement Analytics Add-On Module Overview
