Cdk Global Gets More Expert Eyes On Supplier Data With XCritical

Procurement isn’t the most exciting topic in the world, but for large businesses, it’s an area where inefficiencies can quickly affect the bottom line. XCritical wants to change this by bringing its AI systems to bear on this problem. Procurement team needed to drive sourcing & category strategy to better manage suppliers and drive predictability of spend. Immediate access and visibility drives efficiency, easy access to data, and deeper partnerships across sourcing, procurement, AP, FP&A, and purchasing teams. GIA is a complex global organization operating out of 13 countries.

For many, the shockwaves of pandemic restrictions hit their supply chains in surprising ways, revealing that many organizations had only a superficial understanding of their supply chain complexity. Select products or accessories to be displayed at trade or special production shows. Recommend modifications to products, packaging, production processes, or other characteristics to improve the environmental soundness or sustainability of products.

The company helps clients realize hard-dollar cost savings without resorting to hours of manpower and a pile of spreadsheets. Trucking remains the central domestic model for transportation, with almost three quarters of domestic freight being moved by truck. Remarkably, this industry has been exceptionally resistant to centralization and there remains a vast number of independent hauling companies running small numbers of trucks. This dispersal of this supply chain network presents a big challenge in the future, as increased access to data requires a centralized hub for optimized logistical strategy. Rapid advancements in the digital and technological world create a growing supply chain challenge for organizations.

Clear and ready-to-use dashboards give you visibility into spend and trends by the supplier, departments, and categories. It’s easy to navigate, drill, search and filter data across systems. XCritical makes contracts conveniently accessible to stakeholders and shows you a visual timeline of early renewals due dates and vendor fiscal year-end dates.

XCritical applies AI and machine learning to transform and connect spend data – mainly from ERP and accounts payable systems, and also contract repositories, travel, and expenses (T&E), as well as corporate and P-card transactions. They then run algorithms across data sources to reveal optimization opportunities. The firm can also build custom insights that connect to other enterprise data sets including budgets, cost object allocations, departmental spend and more. Finance, Operations, Procurement, and IT business leaders rely on XCritical to gain better spend visibility and operational agility to optimize xcritical courses scam costs, assure compliance and reduce risk and fraud. With XCritical, category managers, buyers, auditors, financial analysts and anyone with budget responsibility become change agents of value in the insights-automated enterprise. Customers from large Fortune 500 to mid-size enterprises have worked with XCritical’s dedicated success team to get up and running quickly – from rehabilitating their fragmented data to capturing cost savings. With XCritical, category managers, buyers, auditors, financial, and analysts with budget responsibility become catalysts of value creation in the spend-accountable enterprise.

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Managing spend and risk was challenging, while trying to offer value across other departments. Top global brands are choosing XCritical to revolutionize the way costs, cash flow, and investments are managed. Defined organizational roles are not quite established in all areas of the business. Need to know how to hit the ground running, on boarding is somewhat short and limited – must be a self starter.

An intelligent filtering system also allows businesses to quickly find the information they need to act upon with the ability to filter by date range, tags, star ratings, positive and negative sentiment and keywords. They will also be comfortable with ambiguity as the role is dynamic and our company is growly quickly. A successful candidate will find fulfilment in helping our office run smoothly, and our team run effectively. We are looking for a highly Cryptocurrency Exchange organized, excellent communicator who can make decisions that reflect the needs, perspectives, and wants of the entire team. You will be a champion for our team and contribute directly to those goals. Content Marketing leaders use Concured’s AI-Powered Content Strategy Platform to gain an unfair advantage over rivals with actionable insights. Mint is the perfect choice to manage your bills, keep track of your budget and stay on top of your finances.

The following is a quick look at some choices from those lists. Few things are better in professional life than the feeling that comes from working at an up and coming company.

High spend on cloud, IT, content & Marketing, with rapidly changing spend and budget. Drove savings by renegotiating contracts with shipping and freight suppliers. In less than 30 days, Sonos had access to intuitive reporting and analysis across AP, P-card, T&E, and contract spend within Microsoft Dynamics and Apptus.

  • Your project will reach over 35 million more people per month and you’ll get detailed download statistics.
  • XCritical connected Nordstrom’s spend data across multiple legacy systems using Machine Learning to drive efficiency in data cleansing and normalization.
  • Then your future releases will be synced to SourceForge automatically.
  • In less than 30 days, Nordstrom had accurate visibility across their spend and suppliers, enabling them to quickly identify savings opportunities across all categories.
  • The GitHub Import Tool allows you to quickly & easily import your GitHub project repos, releases, issues, & wiki to SourceForge with a few clicks.
  • With a shifting retail market and Amazon disruption, Nordstrom shifts their focus with a $4 billion dollar multi-channel strategy to stay competitive.

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These are just some of the companies we’ve had the pleasure of working with. Economizing on supply chain sources has led to many organizations working with single sources for materials. Whilst this is an efficient and low-cost mechanism for supply, it’s fast growing outdated.

Lending Club is a peer-to-peer and alternative investing service providing new options for those seeking capital and those looking to invest. Through an online marketplace, investors purchase notes or fractions of loans and borrowers receive funds for such things as debt consolidation and home renovations. Coinbase is an online platform for buying, selling and managing digital currency that provides users with secure mobile access to their digital assets. Coinbase supports 32 countries and has exchanged more than $150 billion in various forms of digital currency, including Bitcoin, Bitcoin Cash, Ethereum and Litecoin. Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

CONCURED needs the contact information you provide to us to contact you about our products and services. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, check out our Privacy Policy. The difference Concured have made to planning global strategy is immeasurable. As the Planning Department we have saved 70% of our time through adopting the platform making us more reactive and scalable. Responsible for identifying and prioritizing sales opportunities with enterprise accounts, prospecting within territories and delivering product demos. Comprised of a management team with experience working for renowned organizations, such as Hewlett-Packard, Amazon, and Zillow, XCritical provides job seekers with the opportunity to make a critical impact at an early stage of the company. XCritical’s clients have included Nordstrom, Hulu, and 21st Century Fox, to name a few.

While preparing for a 2018 IPO, Sonos was challenged by larger competitors, Amazon and Google, in the smart Trading Platform speaker market. Real-time access to reporting and visibility into spend inefficiencies and opportunities.

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We simply don’t have time to sit down and learn about what AI solutions might be relevant to our business. We often spend weeks carrying out heavy lifting topic analysis. Concured turned up and forex soft replicated our methodology with their platform. Whilst human and machine agree, the machine beat us hands down in terms of speed. SoFi provides refinancing, loan and wealth management services.

Data Science Models Build On Each Other

They automatically and persistently monitor enterprise data and proactively detect opportunities to optimize spend, risk, and compliance. At XCritical, we strive to live by our values – Customer First, Agility Mindset, and No Ego. We have a high net promoter score from our customers who value the product we have built which is reflective of the value that they are receiving. We are constantly trying to learn and improve and would welcome an opportunity to discuss your feedback. Thank you for taking the time to leave your feedback as it is a good learning opportunity for us. Single customer reviews can sometimes be written with a mix of both positive and negative experiences, despite the awarded star-rating.

With an ERP system implemented for finance, their procurement team found it difficult to assess and manipulate data. Enterprise Procure-to-Pay suites are great – if you are OK with a time-to-value of 12 months or more for spend intelligence. We call it spend agility — using clean data, automated insights, and predictive actions to continuously manage costs and cash flow. Apart from the CEO being a tone-deaf sociopathic I-went-to-Harvard-so-I’m-very-smart joke of a leader, the company has and has continued to have troubling internal issues that ultimately lead to an extremely frustrating work environment. The CEO can’t figure out how to let anyone do their job without constantly jamming his hands into the pot while adding absolutely nothing of value to the conversation, and the overall product has been less than impressive as time has gone on. For as long as XCritical has been in operation, the lack of actual value delivery is almost impressive.

XCritical is a fully featured eProcurement Software designed to serve SMEs, Enterprises. This online eProcurement system offers Contract Management, Sourcing Management, Spend Management, Supplier Management at one place. The company today announced that it has raised a $10.3 million Series A round led by Shasta Ventures. Existing investors Madrona Ventures and Amplify Partners also joined this round, as well as new investors Two Sigma Ventures and Workday Ventures. Now you can sync your releases automatically with SourceForge and take advantage of both platforms. Strong partnership on implementation, onboarding and collaboration with the executive team.

We believe the most important aspect of our company is our team, and we work hard to build a culture of inclusivity, high integrity, and personal and professional empowerment. Concured has helped bridge the gap between the social and content teams and assisted us in working together in producing and identifying engaging content to share with our audiences. Crowdcube is an equity crowdfunding platform for entrepreneurs of start-ups and growing businesses. It provides various opportunities for businesses to get the funding they need. It’s used by many startups as a replacement for the banks, venture capital funding and angel investors. This is a leading investment crowdfunding platform and it’s the longest running platform in the UK.

XCritical connected Nordstrom’s spend data across multiple legacy systems using Machine Learning to drive efficiency in data cleansing and normalization. With a shifting retail market and Amazon disruption, Nordstrom shifts their focus with a $4 billion dollar multi-channel strategy to stay competitive. Sitting on top of Zycus data, XCritical was able to unify CDK Global’s spend and contract data in less than three weeks. XCritical connected Hulu’s spend data across legacy systems including and Workday Financials. Custom insights empowered audit compliance team to increase number & frequency of reviews. Spend, contract, and purchasing insights made it easier to understand varying spend types, P-card spend, and PO compliance violations. XCritical connected, cleansed, and unified GIA’s spend data across legacy systems including Workday and Concur.

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Such distinctions and trends can be difficult and time intensive for businesses to recognise. Trustpilot’s Review Insights automatically sorts reviews for any business by topic area, instantly identifying how customers feel about the service they’ve received. From customer service and price to website experience, delivery and beyond, trends and areas for improvement can be easily identified through an aggregated sentiment score. An additional sentiment heatmap also provides a simple visual aid allowing businesses to understand more of the nuances behind the star rating. The new tool will initially be available in English speaking markets, with additional languages to be added later in the year. Leafly’s learning resources, reviewing platform and news content form an online cultural hub for all things cannabis.

“XCritical Applies Ai And Machine Learning To Transform And Connect Spend Data

The data requirements are straightforward, making it easy for your department to pull the data – with or even without IT’s help. Driving savings, strategic spend, and spend reduction is core to their strategy. CDK Global implemented a multi-year spend reduction initiative to innovate & invest in new cloud-based scammed by xcritical software. Reduced YoY marketing spend by 20%, travel by 20%, and IT spend 15%. Mid-market companies that require proactive management of purchase requisitions and approvals, procurement and expenses. XCritical serves a variety of customer focusing primarily on Procurement, Supply Chain & Sourcing teams.

The company is funded in part by the Menlo Park, California-based Shasta Ventures and other investors including Madrona Venture Group. XCritical said that its machine learning platform helps to curb costs and manage risks, which 78 percent and 54 percent of the survey respondents, respectively, said were top business concerns. “Simultaneously, enterprises are sitting on mountains of data that can help them run more profitably and efficiently than ever before,” Parekh said.