Vendor Spend Capture : Capture actual and forecasted vendor spend by month or by year. Vendor Spend can be imported via Microsoft Excel spreadsheets, entered online, or be input via automated data-feeds from external sources (such as ERPs).
Spend in Common Currency: Support for loading of currency conversion tables and automated conversion of vendor spend to common currency for reporting and analysis.
Spend Reporting and Analysis: Reporting of Vendor Spend on Dashboards with support for analysis of vendor spend by spend category, by cost center, by sector and other dimensions.
The vendor spend governance workflow
Capturing spend is only the first step. Enlighta connects spend data to the contractual and operational facts behind it, so finance and procurement teams can validate what vendors bill, reconcile invoices against approved charges, and monitor commitments as they build.
Incorrect charges are compared against approved expected charges before payment
Consumption is validated against contract terms and supporting evidence
Credits, penalties and adjustments are applied, not missed
Actuals, forecasts and purchase-order commitments stay visible on dashboards
Leverage advanced machine learning rules and NLP to automate contract identification and generation as well as clause extraction, analysis, and updates.
Leverage advanced machine learning rules and NLP to automate contract identification and generation as well as clause extraction, analysis, and updates.
Start small and scale to thousands of vendors, contracts, and users with our modular platform and flexible subscription plans.
Enlighta’s software solutions empower enterprises to increase business value and mitigate risks in supplier and third-party engagements through data-driven insights into demand, performance, contract compliance & spend, and process automation for demand, selection, invoice validation, vendor governance, and third-party risk monitoring.