Ken Male delivers a Tech Take:
Optimizing Vendor Spend via AI & Machine Learning
at SAMs Europe + IT Procurement & Sourcing Summit
CXO Nexus partners with Ingram Micro to deliver Cost Optimization solutions.
Use Case Video
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Nexus Automation Engine
Learn more about CXO Nexus and the power of the Nexus Automation Engine.
Enterprise Technology purchasing via resellers is universal, as a result knowing the total spend with your OEMs, Software Publishers and Service Providers is not possible as in place financial systems are not designed to unmask the reseller spend. This results in loss of negotiating leverage and excess suppliers. This month we highlight how a client leverages the AI & ML based TruSpend® from CIO InCight® that reveals the all-in spend with their vendors, both direct and what is purchased via reseller.
This month, we feature the ability to process Cost Center hierarchies that seamlessly detail where spend occurs outside of central IT management. The Nexus Automation Engine™ uses advanced AI & ML technologies to ingest and normalize an organization’s spend data by assigning categories, detailing supplier and manufacturer parentage, incorporating custom metadata, aligning cost center hierarchies, and more. Data sources include: Accounts Payable, T&E, P Card, Invoices and Purchase Orders.