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Spend analytics has broken through as an essential part of corporate procurement strategies. Businesses need to know how much money they’ve spent, and on what. Luckily, enterprise digitization is pushing the needle forward for procurement teams, enabling access to data that empowers the type of spend analysis organizations demand.
Today, though, CFOs and procurement leaders want to go even deeper. No longer are businesses satisfied with merely knowing how much money they’ve already spent; they are seeking insights on future spend and budget analysis. Traveling further into the world of procurement analytics, these professionals are also exploring trends in supplier behavior, purchase order and invoice management, and beyond.
That’s according to Benjamin Portusach, CEO of procure-to-pay
Read full article » https://www.pymnts.com/news/b2b-payments/2018/accrualify-funding-procurement-data-spend-analytics/
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