Track vendor spending trends and forecast future costs
$4.2M
Annual Spend
+8.3% vs last year
$410K
This Month
On budget
$495K
Forecast Dec 2024
78.1% confidence
127
Active Vendors
Avg: $33K/vendor
Spend by Category
IT Services$1200K (28.6%)
Software$980K (23.3%)
Professional Services$850K (20.2%)
Cloud Infrastructure$680K (16.2%)
Marketing$290K (6.9%)
Data Services$200K (4.8%)
Top Vendors by Spend
Acme Corp
$850K annual
+12.5%
GlobalTech Solutions
$620K annual
-5.2%
Pinnacle Services
$480K annual
+8.3%
TechnoVault Inc
$380K annual
+15.7%
Innovative Partners
$290K annual
-2.1%
Monthly Trend Analysis (2024)
Jan
Actual: $320KForecast: $315K
Feb
Actual: $345KForecast: $340K
Mar
Actual: $362KForecast: $358K
Apr
Actual: $378KForecast: $375K
May
Actual: $390KForecast: $392K
Jun
Actual: $410KForecast: $408K
ML Spend Forecast (Next 6 Months)ML-Powered
Jul 2024
$425K89.2% confidence
Aug 2024
$438K87.5% confidence
Sep 2024
$452K85.1% confidence
Oct 2024
$468K82.8% confidence
Nov 2024
$481K80.3% confidence
Dec 2024
$495K78.1% confidence
Forecast Insights
Polynomial regression model predicts 16.8% spending increase over next 6 months. Primary drivers: IT Services expansion and new cloud infrastructure contracts.