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How spend analytics can help mitigate risk & surface savings opportunities
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The rise in digital transformation has led to a massive increase in data as the systems used at a company continue to grow. In fact, the 2019 Deloitte Global CPO Survey showed that 59% of CPOs believe analytics in procurement will have the most impact on their businesses over the next two years. As data grows exponentially, procurement leaders today are dealing with: Increasing data complexities Poor master data quality The inability to generate analytics...
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...
Patents Cover Unique “Imperfect” Data Management Technology Platform to Help Procurement Organizations Structure Data, Drive Results, and Reveal Savings MADISON HEIGHTS, MI, September 13, 2017 – Xeeva, Inc., a global provider of intelligent procurement software and strategic sourcing solutions announced recently the issuance of multiple patents, including US9665628 B1 and US9740979 B2, for its Virtual Data Manager and Virtual Catalog Manager capabilities. The patents cover techniques for rapidly classifying and enriching data records to improve...