Is your organization ready to take on indirect spend?

This quiz goes through some of the key procurement strategies and technology capabilities that you need to successfully tackle indirect spend. To get your grade – just answer the questions below, tally them up, and discover if your organization has what it takes.


IndirectSpendQuiz

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If you didn’t answer yes to everything, check out our educational whitepaper to learn more about integrating AI technology into your organization and see which vital procurement strategies you can implement to start driving results now.

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Blog

Does your vendor really use learning AI to improve your data?

Artificial Intelligence (AI) is sweeping the software ecosystem, generating tons of buzz from customers and software providers alike. Today every company strives to have an intelligent capability that claims to transform data or automate tasks. It’s hard to distinguish if your application actually has an AI/ML-driven engine or if it’s just a BI tool with automation of manual tasks? Often, vendors claim to use Artificial Intelligence (AI/ML tool), where they might simply be using Business...

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Spend Analytics

Purchase Price Variance (PPV) – It is Really Simple

No matter the industry, managing spending is always a fundamental focus for any executive team, and nothing impacts spend as much as variation in the purchase price of goods and services. Purchase price variance (PPV) is one of the key metrics – arguably the most important metric – used by procurement teams to measure the variation in the price of purchased goods and services. It is a prime measure of how effective the procurement team...

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Release Highlight

Spend Analytics Release Highlight 13.0 – October 2020

1. New Data Insights Several new insights were added to Xeeva Spend Analytics, including: Item Quality This insight displays the quality of the item data that was received from a customer’s ERP, AP, and other internal systems that track indirect spend data. This insight also shows which items were cleansed by the XVA Platform, Xeeva’s rule-based AI engine. Item Enrichment This insight compares the quality of the item description that exists in a customer’s internal...

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