This document provides an overview of spend management and procurement software. It discusses features like spend analysis, supplier management, sourcing, invoicing and payment, e-procurement, and contract compliance. Spend analysis involves gathering spending data from multiple sources, categorizing spend, standardizing items, and establishing contracts. The document uses an example of a global pharmaceutical company to show how spend analysis can identify savings opportunities between 15-50% through implementing sourcing best practices and reducing buyer/supplier administration by up to 80%.