Ardent Partner’s Matt York Joins Spend Insights
A Conversation with Matt York, Senior Research Analyst at Ardent Partners
SpendHQ Presents Spend Insights Podcast
Episode 010: A Conversation with Matt York, Senior Research Analyst at Ardent Partners
Constantine Limberakis, Director of Product Marketing at SpendHQ, recently spoke with Matt York, Senior Research Analyst at Ardent Partners and editor of CPO Rising. As a leading analyst in supply management, Matt covers advanced analytics and other upstream procurement technologies such as spend analysis, contract management and supplier management and how they are changing the procurement landscape of tomorrow. Matt joins us for a conversation around the emergence of artificial intelligence and its impact on the advancement of procurement and spend analytics.
“How you handle the question of build versus buy for AI is based on a variety of different factors. What is your bench strength – do you have the resources on hand to be able to get into a program that has algorithms behind it to tweak it and adjust it to your needs? We at Ardent have been saying for a better part of a decade that CPOs need to hire a data scientist to handle these technologies. If you don’t have bench strength, we recommend working with the solution providers that have already started to integrate these innovations [AI & ML] within their products that create more of a self-service capability where you don’t need to be a data scientists to start deriving value.”
Spend Insights is a podcast series dedicated to the experiences that shape the world of sourcing and procurement. If you’d like to be featured as a guest on Spend Insights, or if you have a topic you’d like to hear covered, feel free to submit your request here.
SpendHQ is a spend analysis solution that provides rapid, accurate and detailed visibility into enterprise spend data. This full-service SaaS (Software-as-a-Service) spend analytics solution delivers actionable insight for sourcing and procurement professionals. With SpendHQ as your command center, you give procurement leaders inside your organization the power to impact the bottom line.
Recognized for innovation and industry impact in the procurement space, SpendHQ was named to the 2015 Red Herring Global 100 list and named the Best Big Data Reporting & Analytics Solution and Data Visualization Technology solution in the 2018 SIIA CODiE Awards. With SpendHQ at their fingertips, clients ranging from Fortune 500s to mid-market companies are finally able to see their enterprise spend clearly and drive savings confidently.
As a subsidiary of Insight Sourcing Group, SpendHQ is built by industry leaders with unmatched sourcing knowledge. Inc. Magazine has ranked Insight Sourcing Group among the fastest-growing private companies in America every year since 2008. In 2017, Insight Sourcing Group was also named the #1 Boutique Consulting Firm in the U.S. by Vault.com. To learn more about SpendHQ’s spend analysis solution and start taking control of enterprise spend data, request a custom spend analytics demo today.
After benchmarking spend analytics tools used across all industries, the American Red Cross selected SpendHQ based on our evaluation of their practitioner-built tool and practical approach. Implementation has been smooth, and early results are encouraging to date. At this point, we believe the Red Cross will achieve its targeted 7X ROI on the cost of this tool.
The intuitive interface and graphical nature of SpendHQ made it an easy choice for us. We looked at several other tools and none of them measured up to SpendHQ in terms of ease of use or quality of data.
SpendHQ has a superb user-interface and easy-to-use analysis features that enable our Procurement team members to gain valuable, actionable insights into the spends they manage. The support team has also been very efficient in completing the periodic data refreshes such that the system reflects the most up-to-date information possible.
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