Optimizing procurement spend compliance

A non-transitory computer readable storage medium storing a program of instructions executable by a machine to perform a method managing spend compliance, comprising:

• receiving a set of spend transaction records containing one or more spend attributes;
• receiving one or more compliance business rules;
• receiving one or more investment scenarios that increase spend compliance;
• applying the compliance business rules to said transaction records and determining segments of transactions with predetermined high savings opportunities;
• applying said segments of transactions and said investment scenarios;
• and
• generating a prioritized investment plan over one or more time periods that yield optimized return on investment,
• wherein a user is allowed to vary selection of dimensions for said determining of the segments of transactions, wherein said segments of transactions have different sets of non-compliant transactions for improvement, and the generated prioritized investment plan comprises one or more different actions depending on the segments of transactions that are created based on said varied dimensions.

A system for managing spend compliance, comprising:

• a processor;
• an information integration service module operable to receive a set of spend transaction records containing one or more spend attributes, and receive one or more compliance business rules;
• a visibility analytics module operable to execute on the processor and to apply the compliance business rules to said transaction records and determine segments of transactions with predetermined high savings opportunities;
• a compliance analytics module operable to apply said segments of transactions and one or more investment scenarios, and generate a prioritized investment plan over one or more time periods that yield optimized return on investment,
• wherein a user is allowed to vary selection of dimensions for determining of the segments of transactions, wherein said segments of transactions have different sets of non-compliant transactions for improvement, and the generated prioritized investment plan comprises one or more different actions depending on the segments of transactions that are created based on said varied dimensions.