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Robust Spend Classification and Savings Insights


Background

• Customer is looking for a robust solution to classify and analyze spend data from multiple ERP systems.

• Customer is also looking to cleanse and normalize the vendor data to get a better handle of the spend

• Users need a self-service based analytics solution where they can create their own reports and have analytical freedom


Challenge

  • • As the data is coming from disparate sources with in the organization, normalizing and cleansing the data is of high importance


  • • Finding a partner that have the patience to deal with Organizational data inefficiencies


  • • Solution should not demand more man power instead should adopt




Solutions

• Spend Control is evaluated along with other solutions and Customer made a decision to go with Spend Control

• Vendor Data is Normalized and cleansed

• Taxonomy is established working with Business

• AI based Spend Classification is implemented

• Power BI is used for self-service data visualization to enable ad-hoc and enterprise level reports and dashboards.



Result

• After the initial successful POC the customer agreed to move forward with an implementation with Incorta Cloud

• Live with Incorta Cloud for past 1 year