Eved Introduces Data Insights, an Event Spend Dashboard to Drive Strategic Decisions for Senior Management

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The industry-first suite of self-service reports presents both historical and predictive event spend analysis to enforce compliance, reduce costs and improve future outcomes

Evaluating enterprise-level event spend is incredibly complex and data analytics is the key to unlocking improved performance.

Eved, an event commerce company built by event experts, today announced the launch of Data Insights, a suite of interactive reporting dashboards that offer one-click visibility into real-time event spend data. Built for Procurement and Finance Managers, Data Insights combines granular-level event data and makes the information accessible on demand.

“Evaluating enterprise-level event spend is incredibly complex and data analytics is the key to unlocking improved performance,” said Talia Mashiach, CEO, Founder and Product Architect of Eved. “Our Data Insights reports source line-item detail directly from invoices. Managers can evaluate outcomes and trends with confidence while eliminating the number of steps historically required to answer who, what, where, when and how event dollars were and will be spent.”

Eved is the only company that offers a complete level of event spend visibility in real time. The new dashboards aggregate event-related analytics across the enterprise, providing a meaningful high-level view into category, supplier and historical spend. By capturing 100% of global event spend data at this level of detail, managers are armed with metrics that make an impact and ultimately help increase buying power.

Eved Data Insights offers benefits all the way up the leadership chain. CFOs gain greater transparency into what is often a challenging dataset to capture resulting in cost reductions, improved compliance, risk mitigation and better intelligence to drive innovation across business lines.

“Many companies rely on a combination of manual entry of spend data into their meeting management tools and payment data from multiple sources, like credit card and PO, making it difficult for data to be trusted for strategic decision-making.” said Trista Hannan, Senior Vice President of Client Solutions at Eved. “We follow a more reliable approach that pulls data directly from invoices and streamlines event workflow from request to payment. Transparency and agility are critical in order for our clients to identify insights that have immediate impact on cost savings, compliance and meeting program success.”

Eved Data Insights features:

On-demand reporting – One-click, web-based access to on-demand event data at the detail or aggregate level.

Complete data capture – 100% of global event spend data by line item captured from invoices and organized by category and region.

Multiple dashboard – Event spend viewed comparatively between category, division, business unit and supplier, for both historical and future spend.

Global data view – For both closed and open programs.

Data integrity – Data results from digitalizing the procure-to-pay process, not manual entry.

Supplier spend detail- No more “guesstimates” - know exactly what you spent, where, when and with which supplier to inform future negotiations.

Intuitive user experience - Dashboards are instinctive to create, use and comprehend.

Eved Data Insights is available now as part of Eved’s spend management for events solution. For more information, visit http://www.eved.com

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