-
2 months ago | 
supplychainconnect.com | Seth Catalli
Are we transitioning from a long era of business stability to what the U.S. Army calls “VUCA” (volatility, uncertainty, complexity and ambiguity)? It’s certainly starting to feel that way. What will be the future of procurement and the transformative impact of Artificial Intelligence (AI) on business and its regulation?
-
Oct 5, 2024 | 
futureofsourcing.com | Seth Catalli
From sourcing and supplier management to contract negotiation and compliance, AI-powered spend management involves using new technology to streamline procurement processes. By automating repetitive, manual elements of these tasks and adding data-driven intelligent spend insights, organizations such as Adidas, BT, Fidelity, T.
-
Aug 1, 2024 | 
thescxchange.com | Seth Catalli
Procurement Gartner recently published a report discussing the big changes being wrought by artificial intelligence (AI) for procurement. The analysis begins with some intriguing data points:By 2026, virtual assistants and chatbots will be used by 20% of organizations to handle internal and supplier interactions, and by 2027, 50% of organizations will support supplier contract negotiations with AI-enabled tools.
-
Aug 1, 2024 | 
thescxchange.com | Seth Catalli
Why AI will transform procurement and how it is already doing soArtificial intelligence could be rapidly adopted in the procurement space as the technology has the potential to automate admin-heavy, repetitive tasks. Artificial intelligence could be rapidly adopted in the procurement space as the technology has the potential to automate admin-heavy, repetitive tasks.
-
Jul 26, 2024 | 
scmr.com | Seth Catalli
The adoption of AI is accelerating, with impressive results. According to the Stanford AI Index 2024, 55% of organizations are now using AI in at least one function. This has led to notable cost reductions and efficiency gains, with 42% of organizations reporting decreased costs due to AI, up significantly from the previous year. Moreover, 59% of organizations have seen increased revenues attributed to AI.
-
Jun 26, 2024 | 
accountingtoday.com | Courtney Hoff Dockerty |Seth Catalli |Ari Brojde |Chris Gaetano
Enjoy complimentary access to top ideas and insights — selected by our editors. Artificial intelligence continues to tighten its grip on the way we engage with information both at home and at work, and the accounting profession is no exception. Despite fears about the ultimate impact on job security, accountants are finding new ways to embrace generative AI tools and machine learning to streamline their workloads.
-
May 14, 2024 | 
accountingtoday.com | Seth Catalli
Experts in the pursuit of harnessing nuclear fusion will assure you that the technology is coming — just 30 years away, according to their projections. The joke is that if you wait three decades and ask them where it is— they'll say the same thing. In finance and procurement, the concept of zero-based budgeting has long been a bit like the pursuit of fusion power: more of an aspiration rather than something any real-world corporation can actually implement today. Which is unfortunate.
-
May 14, 2024 | 
cfodive.com | Seth Catalli
Seth Catalli is the chief revenue officer of Globality, a Palo Alto, California-based spend management automation company. Views are the author’s own. Ever since it rose to prominence in the 1970s, zero-based budgeting — a method that requires accounting for every dollar during a budget period — has been more of an aspiration than a widespread reality.
-
May 14, 2024 | 
flipboard.com | Seth Catalli
The problem that made ‘zero-based budgeting’ unachievable just got solvedSeth Catalli is the chief revenue officer of Globality, a Palo Alto, California-based spend management automation company. Views are the author’s …
-
May 10, 2024 | 
insidelogistics.ca | Seth Catalli
AI is changing how procurement operates. New research will help chief procurement officers understand how the technology is impacting the future of procurement. In this discussion, I want to walk through the significant predictions of a new report from Gartner, Predicts 2024: CPOs Adjust to Technology’s Impact on Procurement, and how the chief procurement officer (CPO) needs to make plans now to address AI’s imminent impact on processes, staffing, and delivery.
