Next Generation Intelligent Spend & Financial Management

Essential Capabilities for Modern Procurement and Finance

Beyond optimizing spend, reducing risk and ensuring compliance, businesses commonly have a strategic component to their agenda, such as:

  • Maximizing cash flow, improving margins and redeploying funds to drive business growth.
  • Aligning procurement’s goals to support financial and operational objectives.
  • Planning for the long term and transforming procurement, operations and finance into centers of excellence. 

Achieving strategic objectives like these requires a level of technical sophistication that traditional information systems can’t provide. Recent innovations in AI and Machine Learning offer a new approach to a long-standing problem. 

This ebook explores some of the technology trends and business practices that are helping to define a new, strategic role for procurement.

The Future of Intelligent Spend Management

Innovative technology drives the Spend Accountable Enterprise

  • Intelligent Applications
    • Automatically monitor data around the clock to proactively reveal opportunities to optimize savings, reduce risk, and ensure compliance.
  • Custom Insights 
    • Customized reports enable Procurement and Finance to work with their line of business counterparts and advance the most pressing strategic initiatives.
  • Intelligent Spend Management 
    • Elevate spend management from a goal that is the sole responsibility of procurement into an enterprise-wide, continuous practice shared across the enterprise.

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