Artificial Intelligence in Spend Analytics in Procurement

In the new outcome driven world, business leaders believe that AI can be a competitive edge. The potential benefits of artificial intelligence have spread across all areas of business operations, including Finance and Accounting, Customer Engagement and Service, and Content Management, procurement is no exception. Application of AI in spend classification, spend analytics and contract management is already enjoying acceptance.

This whitepaper unfolds  AI’s potential in procurement with artificial intelligence in spend analytics:

• Basics of Artificial Intelligence, Machine Learning and Deep learning
• RPA and Artificial Intelligence use cases
• Applications of artificial intelligence in spend analytics
• Applications of Artificial Intelligence in Procurement; present and future