From Transparency to Savings - Turn potentials into cash

Category: Spend Analysis | Duration: 1:25 min

First, we connect to the source systems where we extract and enrich the data. For SAP we have a proprietary extractor program, for other ERPs we can provide interface specifications.

In the next step, the data is being cleansed, harmonized and classified with the DataCategorizer. A proprietary AI-based algorithmic solution that allows for semi-automated data structuring. The result is a spendcube which can be analyzed by SpendControl – the advanced analytics solution in Orpheus product portfolio. Either humans can explore the data with an expert frontend, as you will see in a moment, or so-called analysis BOTs, algorithmic programs can perform automated analysis savings potentials.

In both cases, the analytics generate tangible ideas for savings that can then be quantified and planned in the InitiativeTracker module. Your management can steer all savings initiatives with five degrees of implementation to ensure a) the completion of the initiative and b) that we can accurately measure the impact of individual initiatives on the bottom line.