Earlier in the month, I noted in a post that Oracle unveiled a new spend classification capability at Open World. In announcing the features of the solution, Oracle clearly took a few cards from Zycus, Spend Radar, Ariba, Emptoris, BravoSolution and others offering competitive classification capabilities, noting that the module was designed to help “procurement departments categorize spend into a target taxonomy”. It accomplishes this by relying on “Oracle Data Mining for machine learning and other predictive techniques to automatically categorize spend.” But how does the solution stack up to other approaches in the market? Last week, I had the time to look at a relatively quick demonstration of the application and my initial impression was quite favorable.
Articles in this series
- An Oracle of Spend Classification or Just Another Spend Tool? (Part 3)
- An Oracle of Spend Classification or Just Another Spend Tool? (Part 2)
- An Oracle of Spend Classification or Just Another Spend Tool? (Part 1)