About Trace

Trace is a workforce planning and spend management platform that provides analytics and headcount planning tools to help organizations efficiently manage their workforce and procurement processes. By centralizing workforce data and automating budget management, Trace enables companies to improve operational efficiency and reduce the time spent on manual tracking and reconciliations.

```xml <problem> Many organizations struggle with fragmented workforce data, leading to inefficient headcount planning, budget overruns, and difficulties in spend management. Traditional methods rely on manual tracking and spreadsheets, which are time-consuming, error-prone, and lack real-time visibility. This makes it challenging to align workforce investments with business objectives and maintain operational efficiency. </problem> <solution> Trace provides a unified workforce planning and spend management platform that centralizes data and automates key processes. The platform offers tools for headcount planning, hiring tracking, workforce analytics, and budget management, enabling organizations to create accurate plans, manage changes effectively, and improve overall operations. By integrating with existing HR, ERP, and finance systems, Trace delivers a single source of truth for workforce data, providing real-time insights into spend, budget, and performance. This allows companies to streamline procurement workflows, ensure compliance, and drive significant cost savings. </solution> <features> - Headcount Planning: Create and manage workforce plans with a single, aligned platform. - Hiring Tracker: Streamline requisition creation and automate hiring tracking, eliminating manual spreadsheets. - Workforce Analytics: Unify workforce, hiring, and financial insights for comprehensive reporting. - Spend Management: Manage budget, procurement workflows, and spend analytics in one integrated solution. - Integrations: Connect with existing tools for planning, sourcing, bills and payments, HR, and applicant tracking (e.g. Greenhouse, Jira, Vendr, Ironclad). - Contract & Vendor Management: Track vendors, contracts, and renewals to maintain organized purchase operations. - Project Management: Plan spend for projects and programs, keeping procurement and finance aligned. - Budget vs Forecast Analysis: Analyze budget, actual, and forecasted spend with customizable filters. - General Ledger Drill-Down: Drill down to the source transaction from spend analysis reports. - Enterprise-Grade Security: SOC 2 Type 2 certified and GDPR compliant, with SSO, data permissions, and vulnerability scanning. </features> <target_audience> Trace is designed for finance, HR, and operations teams in mid-sized to large organizations, including those in the NASDAQ, public sector, and security industry, who need to optimize workforce planning and spend management. </target_audience> ```

What does Trace do?

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Trace

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Executive Summary

tracehq.com LinkedIn Profile

Funding

No funding information available.

Team

No team information available.

Company Description

Problem

Many organizations struggle with fragmented workforce data, leading to inefficient headcount planning, budget overruns, and difficulties in spend management. Traditional methods rely on manual tracking and spreadsheets, which are time-consuming, error-prone, and lack real-time visibility. This makes it challenging to align workforce investments with business objectives and maintain operational efficiency.

Solution

Trace provides a unified workforce planning and spend management platform that centralizes data and automates key processes. The platform offers tools for headcount planning, hiring tracking, workforce analytics, and budget management, enabling organizations to create accurate plans, manage changes effectively, and improve overall operations. By integrating with existing HR, ERP, and finance systems, Trace delivers a single source of truth for workforce data, providing real-time insights into spend, budget, and performance. This allows companies to streamline procurement workflows, ensure compliance, and drive significant cost savings.

Features

Headcount Planning: Create and manage workforce plans with a single, aligned platform.

Hiring Tracker: Streamline requisition creation and automate hiring tracking, eliminating manual spreadsheets.

Workforce Analytics: Unify workforce, hiring, and financial insights for comprehensive reporting.

Spend Management: Manage budget, procurement workflows, and spend analytics in one integrated solution.

Integrations: Connect with existing tools for planning, sourcing, bills and payments, HR, and applicant tracking (e.g. Greenhouse, Jira, Vendr, Ironclad).

Contract & Vendor Management: Track vendors, contracts, and renewals to maintain organized purchase operations.

Project Management: Plan spend for projects and programs, keeping procurement and finance aligned.

Budget vs Forecast Analysis: Analyze budget, actual, and forecasted spend with customizable filters.

General Ledger Drill-Down: Drill down to the source transaction from spend analysis reports.

Enterprise-Grade Security: SOC 2 Type 2 certified and GDPR compliant, with SSO, data permissions, and vulnerability scanning.

Target Audience

Trace is designed for finance, HR, and operations teams in mid-sized to large organizations, including those in the NASDAQ, public sector, and security industry, who need to optimize workforce planning and spend management.