Verian Blog WeProcurement Key Pillar 2: Intelligence - Purchasing Software Made Smarter for Everyone

Continuing with our series on the pillars of WeProcurement - a new, collaborative way to think about Purchase-to-Pay (P2P) automation - this post discusses the second key pillar of the approach: Intelligence. What is intelligent purchasing software? When we talk about Intelligence with WeProcurement, we're not referring to analytics and reporting capabilities delivered in traditional procurement systems. Although those are extremely valuable, nearly every organization already has reporting and metrics. Intelligence in WeProcurement is about giving users the right information at the right time. It unburdens employees from understanding the procurement process - it gives them the expert knowledge to find what they need and easily make solid decisions. This makes it easier for users to take action in accordance with procurement goals and contribute towards strategic company initiatives and savings targets. The WeProcurement brand of Intelligence is about steering users to the right choices, but not forcing them into rigid options that don't meet their needs. WeProcurement Intelligence Shows how requests affect budgets Suggests items that require zero approvals for faster delivery (e.g. - new hire kits) Flags items that require additional approvals Sends alerts for low inventory and automatic reorders Serves up information users need at the exact [...]The post WeProcurement Key Pillar 2: Intelligence - Purchasing Software Made Smarter for Everyone appeared first on Verian.