Artificial intelligence, machine learning, big data. What are these tools and what do they mean for procurement?
Although things like artificial intelligence (AI) are becoming increasingly relevant to back-office automation software, PayStream has found that the average procurement team is often more concerned with controlling spend in their procurement processes than implementing “futuristic” technologies. Fortunately, the technologies of the future can be leveraged to solve some very old problems, like poor visibility into purchasing, off-contract or maverick spend, and high costs in procurement overall. First, however, the success of both efficient procurement and innovative technology adoption depend on one thing-good data.
When organizations streamline the intake of spend data in procurement, they are able to see into and analyze purchasing activity to strategically enhance procurement across all functions, teams, and business operations. Strong data also enables them to prepare for modern tools like AI to further improve efficiency.
Join PayStream Advisors and P2P expert, Basware, as we explore how organizations and their procurement teams can streamline procurement data to improve control over spend and prepare for the innovative procurement technologies. This webinar will demystify terms like AI and machine learning and explore what they will do for procurement departments over the next several years.
Attendees will learn about:
- Procurement management trends among today’s organizations
- How modern technologies AI, machine learning, and big data and can be used to improvement procurement
- The benefits of controlled data and big-data-based analytics for procurement operations and competitive advantage
- How CPOs and other procurement leaders can prepare their organizations for upcoming technologies
Accreditation: Webinar participants can earn 1 CPE credit in Management Services.
Prerequisites: previous experience in finance
Who should attend?
- Procurement and Back-Office Finance Professionals
- Finance Directors
Advanced preparation: none
Program level: Update
Delivery method: Group-Internet Based
Cancellation policy: PayStream Advisors may at its discretion cancel or replace a previously announced program with a program of similar content. We will make every effort to provide sufficient notification of such change. For more information regarding complaint and/or program cancellation policies, please email us at firstname.lastname@example.org.
Refund policy: no fee charge
PayStream Advisors is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org. NASBA sponsor number: 136565.
Anna Barnett is an expert in several facets of financial automation software, including eProcurement, Sourcing, Contract Management, Human Resources Management, eInvoicing, and Invoice Workflow. She is also experienced in the organizational procedures and application of software in several specific industries, including Healthcare, Higher Education, and Non-profit institutions. Anna has extensive experience in research-based analytical writing and editing, as well as sales and marketing experience.
Director of R&D, Chief Architect
Pramod has over a decade of experience building cutting edge software applications in the B2B space. He excels at identifying technology trends and finding practical and quick ways to translate those trends into application functionality that delivers benefits to users. In his role, Pramod oversees all activities related to the design, development, quality assurance and delivery of Basware’s Purchase Manager suite of products. Most importantly, he cultivates innovation within the research and development team, pushing everyone to think outside the box and put customers at the core of product evolution.