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Digital transformation’s effect on maverick spend

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SOUTHFIELD, MI, January 7, 2021 – Xeeva, Inc., a global provider of award-winning AI-powered procurement solutions, announced today that it was awarded “Best Emerging Procurement AI Software Company” by Corporate Vision Magazine. This award is part of the magazine’s 2020 Corporate Excellence Awards, which showcases companies that provide the very best products and services to clients across a wide range of industries. Nominees are committed to innovation and business growth and are assessed against multiple criteria,...

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...

Is your organization ready to take on indirect spend? This quiz goes through some of the key procurement strategies and technology capabilities that you need to successfully tackle indirect spend. To get your grade – just answer the questions below, tally them up, and discover if your organization has what it takes.     If you didn’t answer yes to everything, check out our educational whitepaper to learn more about integrating AI technology into your...