Use data to support decision making
Data is power but only when it is well managed and usefully applied. Turn your big data into smart data and present data in a clear visual format to help make more informed decisions.
Communicating data is easy by presenting reports as visual graphics. Cloudia Analytics offers your organization different ways to utilize your procurement and contracting data.
Cloudia Data Lake provides an excellent way to reuse information and share continuously up-to-date data regarding organization’s efficiency and gives basis for different planning activities.
By combining the information from Cloudia with financial data and invoicing, you can create cost analyses (spend) of your own data and get valuable information that can help you target optimal investments.
Use the data to find the best suppliers, understand the changes in supply and demand, and schedule the procurement processes more efficiently.
Use your own Business Intelligence (BI) tools for visualizing and analyzing trends and past events which makes it possible to see market fluctuations and get both the procurement procedures and the timings right. If you do not have access to a BI tool, we can provide you with a modern BI application.
Want to keep it simple? Cloudia Reporting gives you basic reporting views based on the data from Cloudia Sourcing and Cloudia Contract. Ask our sales for more details!
Learn how Cloudia Analytics helps visualize and report data and download our article on how AI and other emerging technologies affect knowledge management in procurement
“Formerly we only looked at numbers, now we can see trends and the overall impact of our procurement processes!”