Artificial intelligence (AI) solutions have been implemented into purchasing, finance, sourcing and procurement processes in a myriad of different ways. We see AI’s influence in the automatization and augmentation of various tasks with the goal of increasing efficiencies. As IBM puts it, “businesses that want to stay competitive … need to have deeper insights into […]
How AI Shines a Light on Data Visibility Read More »
Artificial intelligence is widely considered to be the most significant technological innovation since the Internet. Its influence has infiltrated professional fields and industries of all kinds, certainly including those under the financial umbrella. When it comes to purchasing and procurement, the acceleration of AI across various functions has begun to transform how people think about
Why AI Doesn’t Need to Replace Humans in Procurement Read More »
By this point, you’ve heard all about artificial intelligence. In more ways than one, it’s inescapable. Not only is it supposedly going to usher in a “new era” in procurement and beyond, but coverage and discussion of it is everywhere. A few times over the course of our lives, we will be around for something
Making Sense of the “New Era” of AI in Procurement Read More »
Stopping wasteful higher education spending sounds easy enough when controls are in place. The internal controls, such as policies addressing spend limits or prohibiting personal purchases, have a significant impact on the purchasing behavior of employees. But what if these controls are outdated, perhaps unverified, or worse, unknown? The outcome could leave the institution vulnerable
Five Best Practices to Stop Wasteful Spending with Better Data Visibility Read More »
When discussing ways to improve your organization’s internal spend controls, it is helpful to take a holistic look at your spend program as a whole to identify areas for improvement. Often, we find that organizations can make significant progress just by getting a better hold of their spend data. The data is there, it’s just
The Difference Between Spend Data Visibility and Transparency in Purchasing Read More »
We’re excited to be returning to the National Association of Educational Procurement (NAEP)’s Annual Conference in 2026. It’s been three years since NAEP rebranded the conference as NAEP EPIC. EPIC stands for Educational Procurement Innovation Conference. It’s a fitting name for the scale of useful, educational information that will be available. This year, the conference
NAEP EPIC Is Around the Corner! Read More »
