This playbook explores how new intelligent accounting and procurement tools can help with spend analysis and category and risk management.
Economic indicators appear to be on an upward trend, but the picture remains unclear. For CFOs and CPOs, navigating this uncertainty while balancing growth and cost containment is the top priority.
Traditional CFO and CPO tools rely on historical data to report what has been spent and accounted for. This is valuable data, but it tells you only one thing: what happened in the past. The latest intelligent tools for spend analysis and category and risk management integrate artificial intelligence (AI) and machine learning (ML) to show you what’s happening in your company now, and what’s to come.
In this playbook, you’ll learn how to get all aspects of your company’s spending under control while still promoting growth in a dynamic environment. New accounting and procurement tools offer advantages such as:
• Analyzing complex data and uncovering hidden patterns that support decision-making
• Combining external and internal data for a comprehensive view
• Insulating your company against potential financial and supply shocks
