Onventis Analytics 2024.4

Welcome to Onventis Analytics 2024.4! Prepare to elevate your procurement strategies with a plethora of exciting features in this latest release.

From fresh branding, cutting-edge metrics comparison to turbocharged AI categorization and account rules, we’ve packed this update with enhancements designed to supercharge your procurement processes.

Exciting updates await—happy exploring!

New in Analyze

Metrics Comparison

Introducing our new Metric Comparison feature—an innovative tool designed to empower you with deeper insights and strategic advantages. Now, comparing values across different measures has never been easier. Here’s how it can revolutionize your data analysis. Picture this—creating a dynamic chart to compare spend versus supplier count by leaf category. Instantly unveil supplier dependence and spot consolidation opportunities with precision.

• High Spend, Many Suppliers: Categories where you have high spend and a large number of suppliers indicate potential for supplier consolidation. Reducing the number of suppliers in these categories can increase bargaining power and volume discounts, streamline procurement processes, and possibly reduce costs through bulk purchasing.

• High Spend, Few Suppliers: If you have high spend but few suppliers, it suggests dependency on a limited number of suppliers. This can be a risk if those suppliers encounter issues, but it also indicates strong supplier relationships which could be leveraged for negotiating better pricing or terms.

• Low Spend, Many Suppliers: Categories with low spend and many suppliers might indicate unnecessary complexity and management overhead. Consolidation here might simplify procurement processes without significant risk.

• Low Spend, Few Suppliers: Low spend categories with few suppliers might be less critical, but it’s essential to ensure that these suppliers are reliable to avoid disruptions.

This is just a glimpse of the strategic insights you can uncover with our Metric Comparison feature. Dive in now to explore all the ways you can leverage this powerful tool for your business!

Supplier Card 2.0: All your supplier info in one Place

We’ve supercharged the Supplier Card to be your ultimate go-to for all supplier information. Now, the Supplier Card has become the central place for accessing comprehensive supplier insights.

With this update, you can find all supplier master data conveniently located in its own tab. Gone are the days of switching between pages to gather all necessary information about a supplier. Everything is now consolidated into one seamless experience, making it easier than ever to manage your supplier information.

Dive into the revamped Supplier Card and streamline your supplier management today!

Please note that only users with access to the master data will be able to view the supplier master data in the Supplier Card. In the screenshot below, you will see not only spendency built-in attributes but also custom attributes for the supplier. 

New Filter Feature: Select All

Now, you can easily select all available options in a filter, making it a breeze to show or hide specific choices. This is especially handy e.g. when you’re searching for cost centers starting with a certain number. Please note, this feature maxes out at 1000 options at a time—because even our filters have limits!

New in Categorization

Supplier Account Rules: Next-Level AI Categorization!

Attention all AI categorization enthusiasts and admin wizards! This one’s especially for you!! Here’s what’s new and exciting:

We’ve supercharged our AI suggestions to be more efficient and smarter than ever. Now, alongside the main rule suggestions, you’ll also get spot-on recommendations for account rules. Simply run the AI suggestions and head to the “Suppliers to Categorize” tab.

Two View Modes to Rule Them All

1. The Classic Category View:

On the left, see your category; on the right, all suppliers ready to be categorized. Perfect for viewing all applicable suppliers for a particular category.

2. The New Supplier View:

Introducing our shiny new view, showcasing AI-driven categorization suggestions for both main rules and account rules. This view is ideal for seeing all suggestions for a supplier at a glance. Our handy color coding lets you quickly spot and accept confident suggestions, slimming down the list so you can focus on the tougher decisions. Want to revisit accepted suggestions? Just set the filter to “show accepted suggestions” and give them a second look.

And here’s the kicker: you can easily switch to the new supplier view including the account rule suggestions from the category view! Just click on the icon “see all suggested categories for that supplier”), and a third pane opens up, displaying all AI suggestions for the selected supplier.

Dive in and let our AI make your categorization tasks a breeze!

Introducing the All-Rules Page: Your One-Stop Rule Directory

No more hunting through different sections—now, all rules are conveniently listed on a single page for effortless navigation. Easily search through rules using our sleek search bar. Plus, delve deeper by filtering rules by supplier name! Seamlessly access default, data-driven, and overriding rules in one place. Easily accessible and labeled ‘All Rules,’ it’s your gateway to comprehensive oversight, conveniently showcasing every rule type in a spectrum of colors.”

Onventis Analytics turns into Onventis Analytics: New Logo

The Onventis Group, a global leader in Source-to-Pay suite providers for mid-size enterprises, acquired Onventis Analytics in 2021. This strategic move brings the leading Analytics provider in the Nordic region into our fold. As a result, Onventis Analytics now operates under Onventis Analytics, which is fully integrated into our Source-to-Pay suite. This transition is a significant step in our shared mission to revolutionize purchasing and finance through a unified digital spend management ecosystem. As valued Onventis customers, you can look forward to enhanced functionalities, increased flexibility, and most importantly, a significant boost in procurement efficiency.

As part of the renaming, the Onventis Analytics logo will no longer be used and will be replaced by the Onventis logo. Apart from the name displayed within the suite, nothing will change for you as a customer.

The integration of spend analysis and Onventis Analytics into our comprehensive Onventis Source-to-Pay suite marked a pivotal enhancement in our offering. With its advanced analytical capabilities, Onventis Analytics augments the Source-to-Pay process by enabling smarter, data-driven decisions that optimize spend management, enhance supplier relationships, and improve overall procurement performance. Onventis’ suite of solutions provides options for procure-to-pay, source-to-contract, and supplier management. On top of that, buyers and suppliers can enjoy a new level of collaboration through our Supplier Search & Connect. Experience the power of unified procurement intelligence, where every decision is informed, every action is strategic, and every euro is optimized.

If you have any questions about the Onventis Analytics solution, formerly Onventis Analytics, please contact your personal customer contact or email us (insidesales@onventis.de). To learn more about Onventis Analytics, you can book a demo session

About Onventis: Onventis has been a cloud pioneer for digital transformation of purchasing and finance processes since 2000. The cloud-based software Onventis Buyer is an all-in-one procurement system that helps companies to manage their business spend in order to achieve financial control, efficiency, compliance and cost savings. It streamlines and automates all processes from source to pay including network collaboration with suppliers. The Onventis Network connects business processes for buyers and suppliers, simply and securely. Worldwide, over 1,000 companies with approx. 800,000 users in the Onventis network handle an annual business volume of over 15 billion euros with 280,000 suppliers.

Find all information on the 2021 acqusition of Onventis Analytics by clicking on the following link: