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Hi All, Anyone have experience using spend analysis feature in Strategic procurement? I am trying to understand what does this Expenses categorization does in spend analysis and category assortment.

Is it just to analyse different expenses based on the category? If so how these expenses are reported in IFS?

Couldn't find any info on this in help or release notes.

Is this connected to HCM in IFS or I am little bit confused how we can use this expenses category in strategic procurement or in spend analysis.

If anyone has any input please feel free to add in here.

Much appreciated.

 

Thanks,

Chamath

I believe the ProcurementNews21R1.pptx goes in to this functionality in detail (28 slides)

 

Hi ​@Steve_IFS Do you have a link or PPT for this please?

Thanks,

Chamath

IFS Cloud 21R1 through 24R2 What's New Presentation Summaries with Links | IFS Community

 

 

Hi Steve,

Thank you for the information. I looked into these but it doesn't say how we can use the expense types. 

I figured out other categorizations but not the expense types? Where we should report these expenses?

Thanks,

Chamath

Check the IFS Cloud 21R2 - What's New in Procurement Presentation. 

Hi ​@Steve_IFS You saved the day for me. Thank you

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