Emptoris Spend Enrichment allows businesses to make sense of data coming from varying sources with different levels of detail. Proper enrichment of both supplier and category information paints the most accurate picture of spend with your suppliers and vendors, creating confidence in the using the spend data for strategic decision-making.
Emptoris Spend Enrichment helps companies:
- Classify all types of spend - whether it is purchase order, p-card, or other spend, have confidence in the accuracy of data - through the deep auto classification capabilities, Emptoris can ensure a high level of accuracy in your data, creating confidence that you have the right information at your fingertips.
- Continuous improvement and learning - through both feedback driven rules and machine learning, your data accuracy will continue to improve.
The Emptoris Spend Enrichment Manager automates the spend data management processes by gathering and classifying data from various sources and providing accurate and granular visibility across 100% of spend. The Emptoris Spend Enrichment Manager:
- Automates data enrichment
- Enables repeatable and efficient processes
- Enables continuous improvement
- Allows companies to unlock the value of spend data and ultimately make better business decisions
The Emptoris Spend Enrichment Manager assists companies with managing and cleansing all primary types of spend. The Spend Enrichment Manager contains industry-leading auto-classification technology and a knowledge base built from processing hundreds of millions of transactions.
Category Enrichment:
Emptoris Spend Enrichment Manger uses auto-classification technology based on supervised learning. The auto-classifiers reside over information repositories or "knowlegde-bases" which contain pre-classified data as well as supplementary information.. With hundreds of millions of items classified across trillions of dollars in spend, the knowledge-base is broad and deep. Emptoris auto-classifiers draw from best-of-breed auto-classification technology such asBayesian, NLP and Nearest Neighbor.
Supplier Enrichment:
Emptoris Spend Enrichment Manager can also be a key solution to help companies keep supplier data cleansed. The tools and knowledge required to manage both the initial clean-up and on-going maintenance of this data is not provided by traditional ETL (Extract, Tranform and Load) technologies and requires the use of external data. In addition, the constant changes in supplier relationships due to mergers and acquisitions, financial and other developments requires regular maintenance to the supplier master. Emptoris embeds this knowledge in its Spend Enrichment Manager technology.
Our Customer's Results Speak For Themselves:
Emptoris customers have delivered substantial value to their businesses with Emptoris Spend Analysis. Our customers have delivered substantial value to their businesses with results that speak for themselves.
Building a Business Case for a Spend Analysis System at Your Company
In this webcast, hosted by Paul Teague, Editor-in-Chief of Purchasing Magazine, hear Mitch Plaat, Vice President of Procurement at Con-way Inc. and Bill DeMartino, Director of Spend Analysis at Emptoris, share their insights on how to get a new spend analysis initiative funded at your company.
"Spend Analysis: The Window into Strategic Sourcing"
Co-authored by by Kirit Pandit and Dr. Haralambos Marmanis, this comprehensive book on spend analysis provides a complete overview of spend analysis best practices and technologies, including dozens of case studies of spend analysis implementations at leading global companies.
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