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