Optimal Spend Analysis – How to Leverage Multiple Data Classifications? Focusing on Business Specific Category Sourcing Groups is key, with or without UNSPSC. Transforming raw Spend and Supplier data from payment and purchasing systems and reclassifying it into...
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The Challenge of Managing Non-PO Invoices While automating the processing of invoices delivers many benefits, challenges may arise when it comes to non-PO invoices. Non-PO invoices result when a supplier has provided goods or services to a buyer without receiving a...
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How Machine Learning Improves Data Cleansing Machine Learning Improves Data Cleansing One of the many Holy Grails of machine learning within the spend analysis domain is the ability to disambiguate and classify customer purchases accurately, quickly, and...
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Spend Analysis to Spend Management. Where are You on the Spend Meter? Procure-to-Pay Supplier Relationship Management (SRM) eCatalogs & Punch out Procurement Outsourcing Purchase Request & Supplier Orders Compliance & Validation Budget Management...
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Some Spend-related Useful Definitions Procure-to-Pay Supplier Relationship Management (SRM) eCatalogs & Punch out Procurement Outsourcing Purchase Request & Supplier Orders Compliance & Validation Budget Management Strategic Sourcing Contract Management...
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What is Spend Management? It’s Much More Than Spend Analysis Procure-to-Pay Supplier Relationship Management (SRM) eCatalogs & Punch out Procurement Outsourcing Purchase Request & Supplier Orders Compliance & Validation Budget Management Strategic...
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