Spend Analytics Software

Transparency Insights Impact

Gain transparency, insights and impact, and transform spend data into opportunity for faster and better decision making

Spendscape by McKinsey is a Software as a Service (SaaS) Spend Analytics Software that gives you a comprehensive understanding of your procurement spend—with insights that lead to better decisions, more innovation, and growth.

Backed by McKinsey’s leading deep expertise, Spendscape technology empowers you to shape critical procurement decisions from category strategy and supplier relationships to carbon tracking. Our Spend Analytics Software turns your procurement data into opportunities, creating lasting impact not just across operations, but across the entire organization.

Our Approach

Through our unique combination of software and services, we create transparency as a foundation for analytics, bring innovative analyses for insights based on profound McKinsey procurement expertise, and provide Spend Analytics Software modules to turn insights to impact.

Transparency

Creating spend transparency is our core competence.

A reliable single source of truth and high data quality are the foundation of impactful analytics and decision-making. We have state-of-the-art Extract, Transform and Load (ETL) processes to harmonize and transform transactional and master data across sources into a single source of truth Spend Analytics Software.

We cleanse, structure, and enrich data by leveraging our global Supplier Knowledge Base and AI powered Data Categorization & Data Management Engine.

We create a single source of truth and enable you to drive the analytics and insights to achieve sustainable impact on a permanent and updatable basis.

Insights

We provide comprehensive analyses on your entire spend and combinatorial analytics with market, index, and risk data for enhanced impact.

Our dedicated Analytics Innovation Hub constantly works on next-level analytics and ensures that current and future needs are reflected.

Our Carbon & Sustainability Analytics module combines your spend with McKinsey's Catalyst Zero offering through carbon emission factors to enable reporting of your Scope 3 emissions. Catalyst Zero can also help you embark on and accelerate your decarbonization journey.

Category-specific requirements are addressed through deep-dive modules, including access to McKinsey category and sourcing experts.

Impact

Through Wave, our integrated measure management and savings tracking module, we ensure insights turn into actions, and that reported savings can be reconciled to actual baselines.

Our complementary offering of insights workshops, capability building, and data-driven performance dialogues will help you maximize adoption and impact with Spendscape.

What we do

Transparency

Single Source of Truth

Through extracting, ingesting, and transforming data from your source systems and external data sources, we create a refreshable single source of truth on a line-item level.

Transparency

Data Cleansing & Categorization

Improving data quality by leveraging our unique Global Supplier Knowledge Base and a Data Categorization engine creates a step change in accuracy and validates the single source of truth.

Insights

Spend & Opportunity

Bringing footprint, pattern, (in)consistency type of analytics across different user journeys on your spend data to drive insights and ideas and mitigate exposure and risk.

Insights

Carbon & Sustainability

Boost your impact beyond savings by enriching your reporting with sustainability data. Our solution supports you in analyzing and optimizing your emission baseline.

Insights

Input Cost & Risk

Based on real insights, this solution enables you to take necessary actions to mitigate supply chain disruptions, ensure alignment with corporate sustainability goals, and respond to market trends in a timely way.

Impact

Integrated Impact Management

A project and workflow management system for savings initiatives to identify, plan, manage, and monitor sourcing initiatives and ground them in reality with a built-in link to spend data.

Impact

Managed Insights Services & Capability Building

Building on our leading software products, we help organizations develop their skills by applying a comprehensive suite of analytics to drive value.

Digital Backbone

Spendscape Platform

A fully scalable Software-as-a-Service (SaaS) platform that can ingest, transform, and enrich client data from third parties and other McKinsey assets, and combine it with our unique context-based knowledge.

Digital Backbone

Spendscape on SAP BTP

The seamless integration of McKinsey’s Spendscape solution suite with the SAP Business Technology Platform opens a new horizon for data and analytics-driven management.

Digital Backbone

Spendscape on Celonis

Combination of best-in-class platforms to drive insights and impact by leveraging strategic and operational procurement analytics.

Source AI

Category Management

Source AI helps you understand your category spend with a 360° market intelligence engine to boost your strategic category management capabilities, cost savings, and efficiency.

Explore how Spend Analytics Software can support your procurement analytics journey

We offer a comprehensive, modular, out-of-the-box Spend Analytics Software along with the ability to create tailored analytics use cases by co-innovating with clients. Our experts provide software solution implementation, capability building, and the consulting services required for the full adoption of Spendscape technology.

Subscription based Software as a Service (SaaS)

Benefit from the full power of Spendscape's Spend Analytics Software as a SaaS implementation. We offer a powerful, highly scalable, and very flexible solution for the full scope of our offering. Software subscription options include access to on-demand services such as capability building, insights workshops or category expertise, either as a one-off project or on an ongoing basis.

McKinsey engagement based Spendscape provision

Spendscape supports McKinsey teams with solutions and services—from software implementation, data classification, and analytics to automated calculation of KPIs and benchmarks, as well as the identification of potential efficiency levers and savings. This allows you to benefit from Spendscape one-off Spend Analytics Software implementation, with the option to convert to a subscription-based SaaS afterwards.

Flexible technical deployment models

Spendscape offers various technical deployment options and integration depths, depending on your ERP and cloud analytics strategy.

Case Studies

How Lufthansa is using data to reduce costs and improve spend and carbon transparency

Partnering with SAP, the airline developed a clear view of their data, integrating multiple sources from across their global business network. McKinsey’s Spendscape then provided a full understanding of procurement spend—and insights into Scope 3 emissions.

Digital carbon emissions accounting journey

We helped a major energy utility company produce a Scope 3 emissions reduction strategy through 2030 by helping them gain transparency into their estimated emissions baseline, allowing them to optimize their decarbonization strategy by balancing impact and cost of abatement.

Advanced analytics and performance management

As a partner to one of Europe’s largest manufacturers in the fast-moving consumer goods sector, we classified 98% of the company’s external spend and reduced their active suppliers by 13% through semiautomated supplier consolidation.

Effort reduction and savings identification

With our Spend Analytics Software we identified 15% savings opportunities for indirect categories and a 65% reduction in reporting time and end-of-month reconciliation for a North American client in the advanced industries sector.