Tungsten/OB10 Releases Networked, Invoice-Based Spend Analytics: Impressions and Implications [PRO]
Earlier in the month, Spend Matters had the chance to catch up with the team behind Tungsten Networkâ€™s new spend analytics offering (note, OB10 is now Tungsten Network). The solution is quite different from just about any other approach to spend analysis in the market today. Itâ€™s not perfect and itâ€™s not a full replacement for other spend analysis tools â€“ yet. But it very well could be the future of how procurement and finance organizations together look at spend and supplier analytics on a near real-time basis using network data exhaust rather than taking an ETL- or batch-based approach to manually extracting data from systems (in the case of Tungsten, network data is updated hourly). Moreover, the model could prove initially to be a complement to other solution approaches while ultimately upsetting the entire analytics apple cart based on a different philosophy and approach to actively capturing highly granular line-level invoice information. Jason Busch, Managing Director of Spend Matters, covers Tungsten analytics for PRO subscribers and provides a list of recommendations to potential customers.