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Bridging Finance and Procurement for Cost Savings and Efficiency

Bridging Finance and Procurement for Cost Savings and Efficiency

by Nikolai Pavlov | Nov 5, 2024 | Articles

Organizations are continually seeking ways to improve cost management and enhance financial performance. Traditionally, Financial Planning and Analysis (FP&A) and Procurement functions have operated in silos, each focusing on their specific objectives. However, a...
Understanding AI and Machine Learning in Procurement

Understanding AI and Machine Learning in Procurement

by Nikolai Pavlov | Sep 19, 2024 | Articles

Artificial Intelligence (AI) refers to the ability of machines to perform tasks that typically require human intelligence, such as learning, reasoning, and problem-solving. Machine Learning (ML), a subset of AI, involves algorithms that improve automatically through...
Enhancing Procurement Analytics with Power BI and Writeback

Enhancing Procurement Analytics with Power BI and Writeback

by Nikolai Pavlov | Jun 10, 2024 | Articles

In today’s fast-paced business environment, using traditional tools like Excel for procurement management has become outdated. These tools are slow, prone to errors, and do not provide real-time data, making them inadequate for the current economic landscape. With so...

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