Data Classification is a tool to automatically classify invoices, orders and other so-called fact data before they can be seen in an OLAP cube. Due to the thorough classification of transactional data to eCl@ss, UNSPSC or other standard schemas, you can improve the precision and significance of your data and analyses.

Use the insight you gain to lay the foundation for major savings.

Data Classification helps you:

• Add category information to fact data (e.g. eCl@ss, UNSPSC)
• Enrich an existing OLAP cube with new information
• Classify any number of data records such as invoices or orders
• Utilize standard categories such as eCl@ss or UNSPSC as well as your own company schemas
• Leverage the latest rule-based methods (expert systems), statistical methods or text mining

As part of a spend management solution, you can create detailed analyses such as:

• Which purchasing volume do you have at which prices, in which category of goods or which sourcing category (e.g. UNSPSC or eCl@ss)
• Which suppliers serve multiple categories so you can align your sourcing strategies accordingly
• If you don’t have a complete, automated classification system, your analyses will either be distorted or can’t provide adequate detail to help you correctly interpret the facts.