Understanding AI and Machine Learning in Procurement

Understanding AI and Machine Learning in Procurement

AI and Machine Learning are transforming procurement, enabling Chief Procurement Officers (CPOs) to optimize processes, reduce costs, and manage risks effectively. This article explores their impact on procurement, discusses integration challenges, and outlines strategies for successful adoption, focusing on leveraging Microsoft Power BI.

Microsoft Fabric August 2024 Update: Key Features for Power BI Analysts

Microsoft Fabric August 2024 Update: Key Features for Power BI Analysts

The Microsoft Fabric team regularly introduces updates that benefit various data roles, but keeping up can be overwhelming. In this article, we break down the top 5 features from the August 2024 update that stand out for Power BI data analysts, highlighting how these new tools can enhance their analysis and reporting capabilities.

ESG Reporting: Understanding Materiality

ESG Reporting: Understanding Materiality

In the complex world of ESG reporting, understanding materiality is crucial. This article unpacks the concepts of financial and double materiality, explaining when and how to use them to align your business with sustainability goals. Whether you’re new to ESG or refining your strategy, this guide will help you identify what truly matters.

A Practical Approach: Using Excel and deFacto Planning for ESG Reporting

A Practical Approach: Using Excel and deFacto Planning for ESG Reporting

In this article, we explore how familiar tools like Excel and Power BI, when enhanced with deFacto Power Planning, can provide a practical and efficient solution for ESG reporting. Whether you’re a small company just starting out or a large enterprise with complex reporting needs, this approach allows you to meet the rigorous demands of ESG reporting while leveraging tools you already know and trust.

A New Course in Procurement: How Centida Meets CPO Needs

Explore how Centida is transforming the role of Chief Procurement Officer (CPO) in the dynamic market landscape. Leveraging advanced BI tools and ABC analysis, Centida provides innovative solutions for supply chain optimization and strategic procurement management, catering to the complex challenges faced by modern CPOs.

Using Unstructured Data for Advanced FP&A

Using Unstructured Data for Advanced FP&A

For FP&A professionals, unstructured data – like social media posts, customer reviews, and sensor readings – offers exciting possibilities. This article critically examines whether FP&A teams should rely on unstructured data for strategic decisions, exploring both the potential benefits and the challenges of incorporating it into their work.

Do You Qualify for Mandatory ESG Reporting in 2025?

Do You Qualify for Mandatory ESG Reporting in 2025?

Not sure if your company needs to start ESG reporting in 2025? This article breaks down the criteria, including company size, industry, and regional requirements, to help you determine if mandatory ESG reporting applies to your business. Learn how to get prepared and stay compliant with the latest regulations.

XBRL and ESG Reporting: Key to Compliance and Transparency

XBRL and ESG Reporting: Key to Compliance and Transparency

XBRL is transforming ESG reporting by providing a structured, machine-readable format for disclosures. This article explores the importance of XBRL for organizations, its role in ensuring accurate sustainability reporting, and how companies can benefit from adopting it in their ESG processes.