Spend Analytics for busy procurement teams

Global Search Update

We've upgraded our search feature so you can search across the application more easily to find the information you need.

New Features

• Comprehensive Search Coverage: Now, you can search across category research, product research, deals, and all products at once.
• Find by Keywords: Search within research descriptions using specific keywords.
• Simplified Interface: Our search page is now easier to use, helping you get results faster.

Example use cases:

• Use the improved search to quickly find research or product details by certain keywords when you're starting a vendor investigation.
• Query your vendors to see your active deals alongside any relevant research.

Enhanced Deal Profile Navigation and Search

We've improved search and navigation on the new deal profile.

Key Features

• Field-Specific Search: Allows you to search specific fields quickly.
• Section Navigation Bar: Helps you move between different sections efficiently using a new sidebar.

Example use cases:

• Use the field-specific search to quickly find financial terms or contract dates when preparing for a review or audit, without having to manually scan the entire profile.
• Utilize the section navigation bar to efficiently switch between stakeholder to contract term section during negotiations, ensuring all relevant information is readily accessible and can be referenced in real time.

Redesigned Deal Profile for Enhanced Usability

In our latest update, we've significantly redesigned the deal profile with an improved interface that emphasizes ease of use and efficient information management.

Key Features and Benefits

• View-Only Default Mode: The deal profile now opens in a view-only mode by default. This provides a clean, distraction-free view of all deal information.
• Editable Mode Activation: Users can easily switch to edit mode when changes are required.
• Auto Save Functionality: With the auto-save feature, all changes are automatically saved as you work, eliminating the worry of losing any modifications made to the deal profile.
• Quick Views for Critical Information: Users can leverage 'Quick views' to efficiently filter for all fields impacted by the stakeholder form or marked as critical.

Example use cases:

• During a team meeting, review a deal in view-only mode for a clear and focused discussion. When updates are needed, switch to edit mode for quick adjustments and rely on auto-save to secure changes.
• Use quick views to immediately pinpoint fields that have changed due to form submissions.

Company Rankings for Alternatives

Our enhanced Alternatives Table now dynamically ranks companies within each selected category to refine your vendor selection process.

Company Ranking within Selected Category

• Tailored Insights for Every Category: When you filter by a specific category in the Alternatives Table, the system automatically generates a tailored list of companies, ranked based on their relevance and performance exclusively within that category. This ensures that you are viewing the most pertinent alternatives for your current vendor.

Category Ranking for Alternatives

This new feature is designed to streamline the evaluation of potential suppliers by providing the most relevant ranking across assigned categories.

Category Ranking System for overlapping categories.

• Tailored Relevance: Acknowledging that the significance of product categories varies from one company to another, the Alternatives Table now incorporates a category ranking system. This means categories are ranked based on their relevance to a company's primary offerings. For example, a company renowned for its CRM solutions will see the category at the top of the Overlapping Categories filter.
• Filter by category: This ranking system simplifies the process of filtering the alternatives list, enabling users to quickly identify the most relevant categories in relation to a specific supplier.

Alternatives Table: A Comprehensive Vendor Comparison Tool

The introduction of the Alternatives Table marks a pivotal advancement in vendor management and selection, providing users with a powerful tool to compare overlapping product categories across different vendors.

Key Features

• Comprehensive Alternatives Overview: The Alternatives Table displays companies with overlapping product categories to your current vendor, including indications of whether active deals exist or if Airflip has available research on the vendor. This feature offers a holistic view of potential alternatives and aids in strategic decision-making.

Enhanced Note-Taking with Rich Text Formatting

In our latest update, we've significantly upgraded the deal profile text fields by introducing Rich Text Formatting capabilities. This enhancement is aimed at providing users with a more powerful and flexible tool for documenting and organizing deal-related information.

Key Features and Benefits

• Advanced Formatting Options: Users can now leverage a variety of formatting tools within all text fields of the deal profile. This includes options for bolding, italicizing, underlining text, and more, enabling the emphasis of key points and sections.

Deal Management Dashboard: Custom Views

We've updated the Deal Management Dashboard so that you can save views. These changes will help users access the information most relevant for them.

Key Features

• Create and Save Views: Create and save different views to focus on deals based on departments, stakeholders, priority, or other criteria. You can customize each view with specific columns, orders, filters, sorting, and pivot options to get the perfect data perspective.
• Duplicate Views: Copy existing views to use as templates for new ones. This feature saves time and helps maintain consistency in how data is analyzed.
• Delete and Rename Views: Users can delete outdated views and rename current ones to keep the dashboard organized and relevant to changing business needs and preferences.
• Reorder Views: It's now possible to arrange views in order of importance to your daily tasks and goals. This prioritization ensures that the most used views are easy to access, improving workflow and efficiency.

Example use case:

• Create a custom view per departments (e.g. track R&D deals)
• Create a custom view per procurement team member (e.g. track deals assigned to a specific person on your team)
• Create a custom view per financial quarter (e.g. track what’s coming up next quarter)

With these updates, users have complete control over their views, including the ability to delete, rename, and reorder them as needed.

Supplier Name Normalization and Hierarchical Relationships Update

We are thrilled to introduce a sophisticated update focused on refining supplier names and establishing parent-child relationships within the suppliers on our platform. This enhancement is designed to streamline your experience with managing supplier names like Amazon vs. AWS or Marketo vs. Adobe, ensuring clarity and consistency across your spend analytics.

Key Features

• Smart Supplier Normalization: Our enhanced algorithm now recognizes and consolidates variations of supplier names, such as treating "Amazon" and "AWS" as related entities under the same parent company. This normalization process reduces confusion and improves the accuracy of spend analysis.
• Parent-Child Relationship Mapping: Suppliers that are part of larger conglomerates, like Marketo being a subsidiary of Adobe, are now accurately represented in your data. This hierarchical view allows for more nuanced insights into your spending with conglomerate entities and their subsidiaries.
• Improved Reporting and Insights: With these updates, reports now reflect a more accurate picture of your spend distribution across parent companies and their subsidiaries. This enables better strategic decisions based on comprehensive data analysis.
• Streamlined Data Management: The automatic normalization and relationship mapping reduce the need for manual data corrections, saving time and improving efficiency in managing your supplier database.

IT Capability Enrichment for SaaS Suppliers

This update significantly enhances the transaction data of IT service suppliers by integrating a comprehensive list of their capabilities directly into Airflip's analytics dashboard.

Enhancements Include

• Detailed Capability Profiles: For each IT supplier, we now offer enriched data that includes a full list of their capabilities. This allows you to understand not just what you're spending on, but also the value and range of services being provided.
• Strategic Decision Support: With in-depth insights into the specific IT capabilities of your suppliers, make more informed decisions about which services to continue, expand, or consolidate. This strategic advantage helps you understand which suppliers are platforms vs. point solutions.
• Enhanced Supplier Selection: The addition of capability data aids in the supplier selection process by providing a clear understanding of what each supplier offers, ensuring that their services align with your business needs and strategic goals.
• Better Negotiation Leverage: Armed with detailed knowledge of a supplier's full range of capabilities, you're in a stronger position to negotiate terms, prices, and service levels that best meet your organization's requirements.

This feature is a direct response to the need for deeper insights into the IT services landscape, enabling you to leverage your IT spend more effectively. By understanding the full scope of capabilities offered by your SaaS and other IT service suppliers, you can ensure that your technology investments are fully aligned with your business objectives.

Data Normalization Update

We're excited to announce a significant enhancement to Airflip's data handling capabilities: comprehensive data normalization across invoices, purchase orders (POs), and suppliers. This update is designed to ensure consistent and accurate data analysis.

Improvements

• Uniform Data Fields: We've standardized the data fields across invoices, POs, and suppliers, making it easier to compare and analyze data.
• Enhanced Data Accuracy: By implementing advanced normalization techniques, we've significantly reduced data discrepancies and errors.
• Efficiency Boost: The automation of data normalization reduces manual data entry and correction efforts, saving you time and reducing the risk of human error.

This update marks a major step forward in our commitment to providing you with the tools you need to optimize your spend management and sourcing strategies effectively.

Integration Compatibility Update for Financial Data Ingestion

We're excited to announce a significant update to our integration capabilities, now supporting the ingestion of flat files from leading financial systems: Coupa, NetSuite, and SAP. This enhancement focuses on streamlining the process of importing critical financial data including invoice and credit card transactions, purchase orders (POs), and supplier information.

Improvements

• Export Instructions: Follow step-by-step instructions to generate flatfile exports from Coupa, NetSuite, and SAP. Following these instructions should take under one hour.
• Seamless Data Import: Simplified import process for a smoother integration experience, ensuring your financial data is always up to date.
• Enhanced Data Handling: Improved processing and matching across files, for more streamlined financial management.

SOC 2 Certification

We're thrilled to announce that we have successfully achieved SOC 2 Type II certification, a significant milestone that underscores our unwavering commitment to securing our customers' data and ensuring the highest standards of operational excellence.

What This Means for You

• Enhanced Security Measures: Our SOC 2 certification assures you that we adhere to rigorous, industry-recognized security practices, safeguarding your data against unauthorized access and threats.
• Trust and Reliability: You can trust us with your sensitive information, knowing it's managed in a system that meets the stringent requirements set by the American Institute of Certified Public Accountants (AICPA).
• Continuous Improvement: Achieving SOC 2 certification is not a one-time event but a continuous promise to maintain and improve our security measures, ensuring we keep pace with evolving threats and technologies.

We understand the importance of data security in today's digital age and are dedicated to providing a secure, reliable service that you can trust. Thank you for your continued support!