Live Vendor Spend Dashboard w/ MoM Comparison

Get a live overview of what you're spending across all your suppliers/vendors and monitor the monthly increase

Compatible with

Excel

Google Sheets

Integrations

QuickBooks

Live data connector

LiveFlow

How to duplicate this template?

1. Go to File

2. Click on Make a copy

Live Vendor Spend Dashboard w/ MoM Comparison
LIVEFLOW ON AIR
Live Icon

Learn how to set up this template in the video below

Arrow down

Get started in 3 simple steps

Google Sheets Logo

1. Copy the template

Open the template. Click on File, then click Make a copy and save it to your drive.

Open the template
LiveFlow Logo Icon

2. Connect LiveFlow

Connect your spreadsheet to LiveFlow, so you can import live data to your template.

Connect to LiveFlow
Google Sheets Icon

3. Make it truly yours

Personalize the template and connect live data so you don't have to update it manually.

See how

Wasting time on manually importing data?

Join hundreds of accountants and finance teams automating their workflows with LiveFlow and saving hours of work every week

What is Vendor Spend MoM Comparison Dashboard?

Vendor Spend MoM Comparison Dashboard is the percentage increase or decrease in a Vendor's expenses from the previous month. This metric can help you identify which Vendors are growing quickly, and which ones might be costing your company more money and investigate the reasons for this growth.

How do you do a Vendor Spend MoM Comparison Dashboard?

The first step in vendor spend analysis is to gather data on spending. This can be done by extracting data from accounting systems. Once the spending data is collected, it can be analyzed to identify patterns and trends. This information can then be used to make decisions about where to focus efforts to reduce spending.

LiveFlow has a Vendor Spend MoM Comparison Dashboard template that can be used to track and monitor forecasted cash flow, just make a copy of the template and change the underlying company to Expenses by Vendor by Month report within the “Manage reports” tab. Once done, your Expense by Vendor MoM Growth will be updated in google sheets.

Want to know more about LiveFlow? Book a demo call here!

What Should an Expense by Vendor Month Over Month Include?

A comparison of expenses by Vendor month over month can help businesses identify spending patterns and optimize their purchasing strategies. In order to get an accurate picture of spending, it is important to include all expenses incurred by the Vendor, not just those that are related to the product or service. This includes shipping and handling costs, administrative fees, and any other incidental charges. By taking these into account, businesses can make more informed decisions about where to allocate their resources and save money in the process.

Why Spend Analysis is Important?

There are many reasons why spending analysis is important. One reason is that it can help organizations identify and track areas where they may be overspending or underspending. This information can then be used to make more informed decisions about where to allocate resources in the future. Additionally, spending analysis can help organizations measure the effectiveness of their programs and initiatives. By understanding how much money is being spent and what the return on investment is, organizations can make better decisions about which programs to keep and which ones to cut. Finally, spending analysis can also help organizations comply with financial regulations.

Frequently Asked Questions
Is the template free?
FAQ ICON
Who built this template?
FAQ ICON
Can I share this template?
FAQ ICON
Can I get help if I need it?
FAQ ICON