Procurement and finance teams are constantly challenged with finding cost savings and strategic advantages within their company’s contracts. Yet amongst the hundreds of contracts and supplier activity that an organization has to manage, these opportunities can literally be like trying to find a needle in a haystack. With the help of AI, contract and AP data can be connected to reveal insights, enabling teams to innovate and leverage contracts as a channel to improve financial performance.
In a recent article published in Spend Matters, our very own Jake Arnold, Head of Customer Success at Suplari, helps us gain a better understanding of how AI is transforming our view of contracts, and shares what companies need to do to take advantage of this technology. Click here to read more.