Spend Classification and Analytics
Discover hidden savings opportunities using machine learning and AI.
Uncover savings opportunities while cleansing, analyzing, and classifying spend data from any of your data sources, all in one place. Kenfront’s SpendWIZ AI learns from your data and improves over time, always adapting to new patterns.
Business benefits
- Discover hidden savings opportunities using pre-built AI models and dashboards.
- Analyze data from any source. Setup is as simple as pointing SpendWIZ to your data sources, and you’re good to go.
- View your spend data in one place, delivered by AI.
- Always improving, Kenfront’s SpendWIZ AI learns from your data and patterns. You’ll also benefit from continuous algorithm improvements.
- An optional fraud detection add-on that leverages Kenfront’s pre-built data science models, is available. If you’re interested, contact Kenfront.
Reporting dashboards and metrics
Spend overview
- Level 1 spend
- Top 10 vendor spends
- Spend by brand
- Spend by location
Levels 2, 3, and 4 overview
- Spend by level
- Number of SKUs by level
- Spend by location
- Top 20 vendor spends by level
Spend performance
- YoY spend by level 1, location, month, and vendor
Payment terms overview
- Spend by terms group
- Spend by terms by location or business unit
- Spend by vendor by terms
Vendor spend overview
- Spend by vendor by location and product or level
- Total spend by vendor
- Top 10 vendors by spend frequency
- Number of SKUs by vendor
- Prior year spend by vendor
- Number of transactions by vendor
Taxonomy analysis
- Levels 1, 2, 3, and 4 spend breakdown, including by SKUs
