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The Importance of Balance and Intelligent Spend in the Organisation of Tomorrow
Today is the slowest business will ever run. In today’s world, it is the small companies that beat the large enterprises with speed and agility, according to Valerie Blatt — Global Vice President SAP. Companies such as Spotify are forcing incumbents such as Apple to change their music business. Therefore, for the organisation of tomorrow to remain relevant, they need faster, better and more intelligence.
Last month, I was invited to join SAP Ariba Live in Barcelona. SAP Ariba Live is a conference around intelligent spend. The integration of SAP Ariba, SAP Fieldglass and SAP Concur enables organisations to obtain better insights about their spending. Each year, nearly $3 trillion is transacted through the Ariba Network, where buyers and suppliers can find each other in a single market place. Offering organisations an intelligent spend platform can help them drive cost savings, increase sustainability, protect the brand and drive value.
Intelligent spend management is a holistic view where organisations have an overview of all different categories of spend. Only once you have that overview, can you start to manage it using artificial intelligence and machine learning. This means combining spend data with experience and operational data that will enable you to define intelligent…
