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SPEND ANALYTICS 1. New: Automated Insights The system now automatically generates a range of targeted Insights identifying actionable savings opportunities. Each Insight includes an estimated potential Savings amount calculated from the spend data and are grouped into opportunity Types according to the next best action users can take to drive savings, and are supported by the underlying data that defines the Insight, typically at the individual items level. 1.1. Insight Confidence Level The Insights are...
SOUTHFIELD, MI, September 18, 2020 – Xeeva, Inc., a global provider of data-driven spend management solutions, announced today that it was featured on CIO Applications’ list of the “Top 10 Procurement Solution Providers” for 2020. In its fourth annual edition, CIO Applications selected the top 10 procurement solution providers that are set to transform the supply chain management landscape and that can escalate the chances of organizational growth. During these times of change in our...
In our last post. we discussed adopting spend under management (SUM) and the first of five principles. Here are the other four: 2) Purchase through a formalized requisition to purchase order approval process. The purchasing processes of an organization should be governed by policies and procedures that are complete and enforced universally. Simply having them in place is a starting point but the key issue is enforcement. Are all the spend areas incorporated? Does my...