Spend Analytics
Classification feedback tool gets even more useful
We have updated a bunch of things in our classification feedback tool to make the flow easier for approvers and super users. Here is what we have updated:
Cancel already approved reclassification request
You can now cancel any request retroactively, even when it has already been approved. If you for example make a mistake and click Approve before reviewing the data, you can simply go in and cancel that approval. The Cancel and discard button will be available in approved reclassification requests. The cancel option will be available for one month after the request was approved, to the original approver and super-users of the solution. Any decisions our AI has done because of the mistakenly approved request, will also be reverted.
View reclassification request data in Self service
Understanding the data behind a reclassification request is vital to making the right approve or discard decision. To understand the request better, you can for example explore the descriptions of master data points or split flagged spend to analyse if it actually belongs to different target categories.
To solve this, you can now very easily look at the data of each reclassification request in analytics. This provides a familiar context to slice and dice the data to relevant data points. Simply click View in Self service to see the rows affected by the request filtered. You can continue your analysis in Self service by adding dimensions or jump to any other dashboard like Spend Overview or Transaction data.
Clearer message for reclassification requesters
We are updating the Reclassification submitted message to highlight that it may take some time until the category responsible or super user reviews a request and approves the request. This keeps the users informed that the new classification won’t often be visible in Sievo immediately.
Materials Forecasting
Actuals Purchase Price Variance integration
Purchase Price Variance (PPV) is often a key measure in materials forecasting analytics. Previously we have been able to calculate and show only the forecasted part of your PPV. Now we can also add the realized PPV figures, coming from and calculated in your ERP or finance systems. This way our Materials Forecasting solution provides you a with full view of how PPV is developing.
