COMPUTER BASED SYSTEM FOR SPEND ANALYSIS SOLUTION THROUGH STRATEGIES FOR MINING SPEND INFORMATION
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United States of America Patent
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Issued Date -
Jul 12, 2012
app pub date -
Mar 19, 2012
filing date -
Dec 28, 2011
priority date (Note) -
Abandoned
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Abstract
A computer based system for spend analysis solution through strategies for mining spend information, the system comprises a processor unit; and a computer readable medium storing instructions executable by the processor unit comprising classification means adapted to classify spend data in accordance with pre-determined parameters of classification; categorization means adapted to categorize classified spend data based on pre-defined parameters; input means adapted to input pre-defined fields in relation to category of spend data, supplier information, payment terms, contracts or contract terms, and other pre-defined dimensions; saving strategy analysis engine adapted to analyze classified and categorized spend data based on pre-determined strategies, said saving strategy analysis engine further comprising category based saving strategy analysis engine adapted to output saving strategy per identified category inputs; and supplier based saving strategy analysis engine adapted to output saving strategy per identified supplier inputs.
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