DataFlux Unveils Technology Designed to Reduce Purchasing Costs.DataFlux Accelerator for Spend Analysis allows users to identify procurement problem areas using actionable and improved supplier data AMELIA ISLAND Amelia Island is one of the southernmost of the Sea Islands, a chain of barrier islands that stretches along the east coast of the United States from South Carolina to Florida. It is 13 miles long (21 km) and approximately 4 miles (6 km) wide at its widest point. , Fla. -- DataFlux, a leading provider of data quality and data integration solutions, today announced the general availability of the DataFlux[R] Accelerator for Spend Analysis. Built on the industry-leading DataFlux data quality platform, the Accelerator automates the process of standardizing, classifying and aggregating data to help organizations make sense of procurement information. Businesses looking to improve their spending efficiencies must reduce administrative time, standardize processes and compress sourcing and procurement cycles, thereby minimizing redundancies and reducing spend. A key element of this is understanding how much money is spent on each product with each supplier for both direct and indirect purchases. "Supply management is in a sweet spot since procurement and sourcing organizations are in a unique position - they help to reduce costs," said Mickey North Rizza in the July 2009 AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. Research Report, The Global Enterprise Application Market Sizing Report, 2008-2013. "Since September 2008, procurement and sourcing organizations have been on the hook Adj. 1. on the hook - caught in a difficult or dangerous situation; "there I was back on the hook" dangerous, unsafe - involving or causing danger or risk; liable to hurt or harm; "a dangerous criminal"; "a dangerous bridge"; "unemployment reached dangerous to surpass normal combined savings expectations (across all spend types) of 8% a year. Increased commodity pricing and slimmed margins have placed the focus on innovative cost-out direct materials projects. There is also a concentrated effort to reduce consumption and cut costs for indirect goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. ." The Accelerator for Spend Analysis helps organize spend data to improve an organization's understanding of procurement trends. The Accelerator allows users to cleanse, analyze and visualize procurement information. It works hand-in-hand with award-winning DataFlux data quality and data integration technology to provide a robust solution for complex procurement landscapes. Using the Accelerator for Spend Analysis, purchasers can better determine which of their suppliers offers the highest value based on pre-defined, consistent performance metrics Performance metrics are measures of an organizations activities and performance. Performance metrics should support a range of stakeholder needs from customers, shareholders to employees [1]. . Conversely, suppliers can leverage the Accelerator to observe their performance information and use that data to improve their metrics. With the Accelerator for Spend Analysis, customers are better able to: * Reduce costs based on insights from accurate, reliable data * Take advantage of actionable spend analytics to better negotiate with suppliers and reduce supplier risk * Minimize wasteful purchasing patterns and consolidate applications and/or vendors The Accelerator for Spend Analysis also enables users to create a variety of powerful and easy-to-configure reports. These reports are ideal for improving compliance with regulations, helping companies enhance internal compliance with business rules, break down spending by organizational unit In computing, an Organizational Unit (OU) provides a way of classifying objects located in directories, or names in a digital certificate hierarchy, typically used either to differentiate between objects with the same name (John Doe in OU "marketing" versus John Doe in OU "customer and analyze trends to proactively deal with emerging problems. "The DataFlux Accelerator for Spend Analysis is extremely relevant for companies looking to rein in to check the speed of, or cause to stop, by drawing the reins. to cause (a person) to slow down or cease some activity; - to rein in is used commonly of superiors in a chain of command, ordering a subordinate to moderate or cease some activity deemed excessive. See also: Rein Rein expenses and get their spend under control," said Tony Fisher, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of DataFlux. "Having a solution that can cleanse, categorize, measure and create detailed reports on corporate expenditures is like having an unbiased, completely logical financial advisor on constant retainer. It helps procurement professionals organize chaotic data into usable, actionable information." About DataFlux Accelerators DataFlux Accelerators are sets of pre-built technical services and business rules built on the core DataFlux technology platform. Combining DataFlux award-winning technology with the knowledge gained from years of experience solving data quality problems, DataFlux Accelerators offer proven solutions to common data issues, reducing the time required to realize the results from your data quality initiative. About DataFlux DataFlux enables organizations to analyze, improve and control their data through an integrated technology platform. With DataFlux enterprise data quality and data integration products, organizations can more effectively and efficiently build a solid information foundation that delivers a unified view of customers, products, suppliers or any other corporate data assets. A wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. (www.sas.com), DataFlux helps customers rapidly assess and improve problematic data, building the foundation for enterprise data governance Data governance encompasses the people, processes and procedures required to create a consistent, enterprise view of an organisation's data in order to:
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