The Spend Management suite of applications has inherent standard reporting and dashboard tools that allow for rapid, user-friendly report design without the need for consultancy or detailed programming. The report library holds a series of template reports for most standard information needs, and uses the key supplier and transaction data from within P2P to quickly and easily publish regular reports.
Most of our clients go further and deploy our Advanced Reporting tool, powered by ETL Agile. This is a business intelligence and reporting solution built specifically to meet the needs of our Spend Management clients who need to bring information together from multiple application databases into one place for reporting purposes. A typical example of this is combining data from our P2P & Expenses platform and their Finance/ERP system to achieve a single picture of budgeted, committed and actual spend by supplier and category.
The deployment of Advanced Reporting allows for a single reporting layer across integrated, multiple applications where the powerful engine extracts, transforms and loads all the disparate data via a staging warehouse into a single data warehouse. This data warehouse provides the platform of a common ‘language’ and can be directly and easily accessed for use by either your existing data visualisation (i.e. dashboard) tools such as MS SQL Reporting Services, Qlik, Tableau, Targit or perhaps simply from within spreadsheets, making the user experience far more familiar, simple and logical.
Advanced cross-application reporting Spend Analysis is the process of collecting, cleansing, classifying and analyzing expenditure data with the purpose of reducing procurement costs, improving efficiency and monitoring compliance.
Touchstone Spend Analysis has made effective Spend Analysis far easier for procurement and finance professionals to implement and use without needing special skills, hefty capital investment or a collection of processes tagged onto an existing Financial Management or ERP package.
Cloud-based and mobile-ready, Spend Analysis combines sophisticated spend data capture, cleansing, enrichment and classification capabilities with powerful, intuitive, ready-to-use analysis tools. This visibility gives you all the information you need to identify and capture savings opportunities, identify and mitigate risks, improve process efficiencies and enhance performance
It is sophisticated, but remains easy to use, delivering powerful insights from the moment you turn it on. Comprehensive pre-built views and KPIs come with extensive filtering, point-and-click, drill-down options, and instant CSV export capabilities.
After last year’s fantastic event at the Barbican Centre, we’re excited to invite you to another inspiring day full of valuable sessions, networking opportunities, and insights from the very best in the procurement industry. This year, we’re bringing TSM Customer Day to the heart of our community – the Novotel London Tower Bridge.
As businesses navigate an increasingly complex landscape, the need for agile, adaptable technology platforms has never been more critical. Organisations require solutions that not only meet their current needs but can also evolve alongside their business. This is where Ivalua, a leading provider of Source-to-Pay (S2P) solutions, comes into play. At TSM, we are proud […]
London, 1, July, 2024— TSM (Touchstone Spend Management) is thrilled to announce that we have been shortlisted for the prestigious 2024 CIPS Awards. This recognition highlights our transformative project with ISG, which aimed to revolutionise supplier management through a robust Source-to-Pay (S2P) solution. The project, in partnership with ISG, focused on automating onboarding processes, integrating […]
Step into the heart of London’s procurement and supply chain scene with our exclusive networking events, proudly sponsored by TSM. We’re shaking up the usual business gathering vibe to bring you something fresh – think less formal, more friendly chat over a morning brew. TSM is putting the spotlight on industry camaraderie by offering a […]
We are excited to announce a new collaboration between Forestreet and TSM, a consultancy specialising in the implementation of procurement systems. Research shows that 40% of sourcing professionals spend an average of three months completing a single supplier search, yet they can only review a few dozen suppliers from thousands. TSM recognises this industry-wide challenge, […]
London, 10 March 2024 – TSM (Touchstone Spend Management) proudly announces its double shortlisting for the esteemed World Procurement Awards 2024, hosted by Procurement Leaders. The awards recognise exemplary initiatives, leaders, and businesses shaping the future of procurement. Out of a pool of 145 distinguished organisations and individuals spanning 14 categories, TSM has been acknowledged […]
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