Spendata Executive Summary
Spendata is a real-time data analysis tool – a powerful software product, built with the latest technology and containing features and capabilities unavailable elsewhere.
We started Spendata as an alternative to what we saw as a serious regression in the power and flexibility of spend analysis tools. We accomplished our mission: we score higher than our spend analysis competitors.
However, it turns out that the same problems we solved with Spendata in the spend analysis domain are problems that exist in the larger arena of business data analysis. Our customers, who began using Spendata to overcome all kinds of generic analysis challenges, hit us with a clue stick: Spendata attacks and solves a broad array of business data analysis problems.
With Spendata, your team is empowered to do anything and everything. The emphasis is on speed, agility, and power. Analysis cubes are spun up quickly, modified instantly, and mapped and familied in real time. New data dimensions are created in seconds. Spendata deeply improves productivity because analysis and modeling occur directly in the tool, as opposed to having to dump data to Excel or elsewhere to get answers.
Why Spendata?
Spendata offers unique functionality available nowhere else — multi-pass dimension creation, cross-dataset filtering, automated and dynamic mapping, workspace inheritance, recursive segmentation, and more.
All of that capability is easy to understand and easy to use. Even advanced modeling is straightforward, because Spendata delivers spreadsheet immediacy at database scale. Users build analysis models incrementally and naturally, just as they build Excel models every day.
Spendata’s design supports and encourages the construction of multiple cubes for a wide range of purposes. Users build cubes for RFP analysis, inventory analysis, and post-merger integration – as well as invoice-level cubes for compliance monitoring. Cube maintenance is simplified by an intelligent loader that handles multiple input formats and an API that allows repetitive tasks to be scripted.
Security by Design
Spendata solves data privacy and security issues by design because it never moves your data anywhere. All computation is performed on your desktop, inside a browser on your local PC. Issues of data sovereignty, GDPR, HIPAA, etc. are non-issues, because Spendata never has access to your data. Your data is never sent to our server. It stays behind your firewall.
Deploying Spendata
Spendata is inexpensive and requires no installation. Your success is ensured by our unique Work Alongside training program. If you prefer to outsource, we have world-class partners who can onboard your project from start to finish, including finding opportunities, negotiating pricing and contracts, and monitoring compliance.
Spendata works well alongside existing tools. Datasets move freely into and out of Spendata, with export facilities that include raw transactions, derived dimensions and hierarchies, rules, and even star schemas for use with Power BI and other BI tools. There is never any issue of “captive” information. Moving your existing IP into Spendata is easy — Spendata can reverse-engineer any spend cube, producing a human-readable rules set that can be maintained and enhanced independently of the original.
Partnering with Spendata
Before you invest time and effort building an analytics capability into your solution, or settle for bundling a BI tool that won’t offer a competitive edge, drop us an email (info@spendata.com) or contact us using our website form. We’d love to explore how Spendata could boost your sales and customer satisfaction – with very little effort and in a remarkably short time.
Spendata’s unique architecture allows it to integrate seamlessly with your solution without burdening your servers or your infrastructure. Your customers will be delighted with Spendata’s capability, and your functionality will grow with ours as we pioneer new and better ways of extracting value from data.
Who are we?
We are serial innovators in the spend analytics domain – authors of two highly successful spend analysis products (ExpenseMap, sold to Emptoris/IBM and BIQ, sold to Opera Solutions).
Circa 2015, we noticed that spend analysis vendors were abandoning their own technology in favor of expediency – relying on Qlik, Tableau, or Power BI dashboards as their user interface and abandoning any pretense at analysis capability.
We built Spendata as a response, but what we ended up with was far more than a spend analysis tool. By cracking the code on what stands in the way of business data analysts, we created an incredibly flexible analysis platform with unique power and capability. We invite you to join the party.