The AI Readiness Blueprint – 5 steps to make your spend processes AI-Ready
AI will change how people-centric processes, such as indirect spend management, are undertaken. The opportunity to break down established challenges and barriers are on the horizon and the opportunity to drive excellence across Procurement, Purchasing and Accounts Payable is getting ever nearer. However, seizing the opportunity is about getting the right foundations in place first.
22nd September | 10am | 45mins
The webinar is designed to help Procurement and Finance leaders understand the critical foundations for AI to support operational excellence across indirect spend.
For organisations to realise meaningful value, the underlying processes, data, automation and governance need to be a continued focus area, and area of development in readiness. Without these foundations in place organisations risk attempting AI initiatives in the “hope” that such initiatives deliver, but without a clear understanding of what good looks like, critical KPIs and clean underlying data to support machine learning models, the chances of these initiatives succeeding are extremely limiting and costly.
We will explore the five steps organisations can take to build AI readiness across their spend processes.
Clarity of what best practice processing looks like: Enabling you to look at your organisational processes and identify the most immediate gaps and how to tackle them.
Evolving automation across the entire Source-to-Pay process: moving beyond isolated automation initiatives to create more connected, end-to-end processes.
Ensure adoption and adherence to newly introduced automation: Introduce proven strategies and understand critical success factors to drive adoption.
Assessing and cleansing your data foundation: understanding the importance of accurate, consistent and accessible data, recognising that AI is only as effective as the data feeding it.
Monitor, manage and consider the AI quick wins: how to continuously focus on automation and adoption, while identifying the first points of AI evolution.
Register Today to Unlock Smarter Spend Management
Drawing on 30 years' experience managing people-centric, complex indirect spend environments across Procurement, Purchasing and Accounts Payable, this session will provide a thought provoking, practical guide for organisations looking to move forward with AI delivering the greatest possible impact, with the lowest levels of risk.