The battle between procurement and finance seems to be never-ending. Finance attempts to impose budgets while procurement spends money. The supplier is often caught in the middle – between procurement, who purchase their goods or services and finance, who pays the bill. Robust procure-to-pay (P2P) data analytics are necessary to get everyone on the same page and unite these warring factions. Tungsten Analytics will do just that.
Tungsten Analytics, working in conjunction with Tungsten e-invoicing analyzes data at the invoice line-level. This helpful information can be sliced and diced in a number of ways, including at the category, supplier, and product level. In addition to eliminating price variances, Tungsten Analytics:
- Identifies suppliers for consolidation
- Monitors contract and policy compliance
- Can be launched in just 48 hours
Halt the battle between procurement and finance by enabling teams to make the best possible decisions for the organization as a whole with procure-to-pay data analytics. See how Tungsten Analytics will do just that. Download our category insight, e-Invoicing and Finance to learn more.