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Digital transformation’s effect on maverick spend
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Many organizations struggle with poor procurement spend visibility or lack it completely. Think about the old adage, “you can’t control what you can’t measure,” and you’ll realize that this is an ongoing challenge with large enterprise organizations. Without visibility into what your organization is spending, you have no way to control it. The top, and the most obvious, reason why most organizations struggle with spend management and compliance is that the majority of procurement spend...
Spend Analytics version 14.1 features Intelligent Opportunities as part of Xeeva’s commitment to Better Data, Better Insights, and Better outcomes. Xeeva continues to utilize intelligence throughout the procurement process. With our upcoming release of Xeeva Spend Analytics, customers will see AI/ML computed sourcing opportunities. When spend data is curated after each data refresh, our machine learning algorithms generate hundreds of category-based sourcing opportunities. Each opportunity: Displays an estimated savings amount Is ranked and scored This allows users...