SOUTHFIELD, MI, November 18, 2020 – Xeeva, Inc., a global provider of indirect spend management solutions, today announced that it was selected as a finalist in the CPO Honors 2020 award for “Innovative Solution of the Year.” Coordinated by Ardent Partners, a supply management research and advisory firm, the CPO Honors awards were established in 2016 to celebrate the procurement industry and recognize excellence in the field. At the annual ceremony, Ardent Partners presents awards...
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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...
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...