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Develop Automated Spend Analysis and Benchmarking Platform

reenbit

Business services

Challenges with Manual Spend Analysis

The consulting firm currently relies on a manual, time-consuming process for analyzing client spending and expenses. This process is prone to errors, inconsistent reporting formats, and inefficient collaboration among consultants. The lack of standardized tools and difficulty in accessing relevant benchmarks hinder the ability to deliver timely and accurate cost reduction plans, impacting client satisfaction and project efficiency.

About the Client

A UK-based consulting firm specializing in providing cost reduction services to clients across various sectors.

Project Goals

Automate data ingestion and processing from client sources.
Standardize reporting and visualization of spending data.
Provide access to industry benchmarks for comparative analysis.
Reduce manual effort in spend analysis by 80%.
Improve the accuracy and consistency of cost reduction recommendations.

Functional Requirements

Automated data ingestion from various client data sources.
Data cleansing, transformation, and validation.
Standardized reporting templates with customizable parameters.
Benchmark management and integration with industry benchmark providers.
API for accessing global benchmarks.
User authentication and authorization.
Role-based access control.
Audit logging.
Customizable dashboards and visualizations.

Preferred Technologies

Power BI

SQL Server

Azure Data Factory

ASP.NET Core

.NET

React

Integrations Required

External benchmark data providers (e.g., Gartner, Computer Economics).
Client file storage systems (e.g., OneDrive, SharePoint).

Key Non-Functional Requirements

Scalability to handle increasing data volumes and user load.
High performance and responsiveness.
Data security and privacy compliance.
Reliability and availability.
Maintainability and supportability.

Expected Business Impact

The successful implementation of this platform will significantly improve the consulting firm's efficiency, reduce manual effort, enhance the accuracy of cost reduction recommendations, and increase client satisfaction. The standardization of reporting and the availability of benchmark data will enable consultants to deliver more data-driven and compelling proposals, ultimately leading to increased project success rates and improved profitability.