Next Generation Intelligent Spend & Financial Management - Part II
Discover how Insights Applications can persistently monitor spend data and proactively detect opportunities to optimize savings and risk
Demand aggregation, vendor consolidation, avoiding maverick and bypass purchases. These are just a few of the common tactics that organizations apply in order to optimize spend.
So why is it that even with so many proven tactics, organizations still struggle to gain control and insights over spend, savings, risk and compliance? The challenge is in the large volumes of spend and supplier data, often messy and disparate. As a result, spend management is restricted to only the top suppliers and categories, leaving tail spend unexamined. The result is loss of millions of dollars in unrealized savings, risk exposure and efficiency gaps.
Suplari Insights Applications are always-on, AI-powered applications monitoring enterprise data. The algorithms proactively detect opportunities to optimize spend, risk and compliance – across all suppliers, categories and business units. No stones are left unturned. That is true accountability.
Director of Account Management
In this 30-minute webinar we’ll show you Suplari’s growing library built-in Insights Applications and how they detect optimization opportunities for outlier and suspicious transactions, employee subscriptions and purchasing activity, early contract renewal and negotiation, demand aggregation, purchasing process violations. You’ll also learn how you can develop Custom Insights Applications, meeting the specific strategic needs of your business.