"Every company has big data in its future and every company will eventually be in the data business.”
– Thomas Davenport, President’s Distinguished Professor of Information Technology and Management at Babson College, a Fellow of the MIT Center for Digital Business, and an independent senior advisor to Deloitte Analytics.
Data is infiltrating every business unit in deep and impacting ways. Sales and marketing teams are leveraging it to personalize communications and connect with customers on a one-to-one level. Project managers are using it to refine their processes and anticipate challenges before they happen. And product developers are using it to improve their solutions and create customer-driven roadmaps.
For finance and accounts payable departments, data can deliver a clear, actionable understanding of their enterprise’s global expenditures. This understanding is key to driving efficacy, savings and value. But extracting it and making sense of it can be onerous and complex, especially within an organization that has a global footprint. Invoices from different countries, in different languages, with different currencies, from different carriers/providers all covering different devices and business operations…it can feel overwhelming. To truly make sense of this information, and actually be able to USE it to make more informed decisions, reveal blindspots and optimize your global spend, you need a system that can ingest, convert and manage all your global expenses into one, easily accessible, easily interpretable dashboard.
AMI’s temNOW does just that. Our TEM technology can import ALL invoice types (regardless of currency, language, country of origin, etc.), so you can finally see your organization’s entire global expense and technology data within one system, in one language and using one currency. Our solution provides everything from full invoice lifecycle management to audit, recovery, contract and inventory management. It also includes global bill pay that has import-to-pay processes available from any country with any currency. And with automated notifications, your accounts payable department can stay on top of common blind spots like currency changes to avoid liabilities and incomplete payments.
Another global expense blind spot that temNOW can provide data and insight into are SaaS and Subscription services. SaaS and Subscription technologies permeate through almost every department around the globe, with each team using unique services to help them accomplish their goals and streamline their processes. These services can get lost and forgotten because many of them auto-renew and/or can become obsolete due to employee changes or internal moves. AMI’s temNOW can help you identify this data within your global technology spend, so you can better manage these services and avoid paying for obsolete, unused tools.
AMI has a global reach across 6 continents that encompasses hundreds of domestic and international carriers (or 1700 carrier formats). For more information about AMI Strategies’ temNOW expense management solutions or to understand how we can help your team gather and use global expense data to drive business decisions and save valuable resources, connect with our team now.