Friday, December 1, 2023
No menu items!
HomeCloud ComputingAccelerate Procure-to-Pay insights with Google Cloud Cortex Framework

Accelerate Procure-to-Pay insights with Google Cloud Cortex Framework

Enterprises running SAP for procurement and accounts payable are always looking to create greater efficiencies by combining these data sets to monitor vendor performance for quality and reliability, analyze global spend across the organization and optimize the use of working capital to make timely vendor payments that earn the highest discounts. 

But in today’s inflationary environment, the need to analyze data from procure-to-pay processes is more important than ever as rising prices threaten to reduce purchasing power and erode real income. Many of these enterprises are looking for accelerated ways to link their enterprise procure-to-pay data with surrounding non-SAP data sets and sources to gain more meaningful insights and business outcomes. Getting there faster, given the complexity and scale of managing and tying this data together, can be an expensive and challenging proposition.

To embark on this journey, many companies choose Google’s Data Cloud to integrate, accelerate and augment business insights through a cloud-first data platform approach with BigQuery to power data-driven innovation at scale. Next, they take advantage of best practices and accelerator content delivered with Google Cloud Cortex Framework to establish an open, scalable data foundation that can enable connected insights across a variety of use cases. Today, we are excited to announce the next offering of accelerators available that expand Cortex Data Foundation to include new packaged analytics solution templates and content for procure-to-pay processes. 

Introducing new analytics content for procure-to-pay

Release 4.2 of Google Cloud Cortex Framework includes new data marts, semantic views and template Looker dashboards to support operational analytics on three procure-to-pay topics and the relevant metrics for each.

Leverage the metrics delivered in our new Accounts Payable content to identify potential issues and areas for optimization with respect to short-term obligations to creditors and suppliers which have not yet been paid:

Accounts Payable Balance Due

Days Payable Outstanding

Accounts Payable Aging

Accounts Payable Turnover

Accounts Payable by Top Vendors

Upcoming Payments and Penalties

Cash Discount Utilization

Blocked and Parked Invoices

Analyze procurement spend on goods and services across your organization and identify opportunities to reduce costs and improve efficiency with the following metrics delivered in our new Spend Analysis content:

Total Spend

Spend by Top Vendors

Spend by Purchasing Organization

Spend by Purchasing Group

Spend by Vendor Country

Spend by Material Type

Active Vendors

Use the metrics included with our new Vendor Performance content to improve efficiency and profits by comprehensively analyzing the delivery performance, quality, accuracy and unit costs of your suppliers and then take tactical decisions to improve your bottom line by increasing business with your most reliable and lowest cost vendors:

On-time Delivery Performance

In-full Delivery Performance

Rejections Rate

Invoice Accuracy

Purchase Price Variance

Vendor Lead Time

Open Purchase Orders

What’s next

This release extends upon prior content releases for SAP and other data sources to further enhance the value of Cortex Data Foundation across private, public and community data sources. Google Cloud Cortex Framework continues to expand content to help better meet our customers’ needs for data analytics transformation journeys. Stay tuned for more announcements coming soon! 

To learn more about Google Cloud Cortex Framework, visit our solution page, and try out Cortex Data Foundation today to discover what’s possible!

Related Article

Accelerate SAP innovation with Google Cloud Cortex Framework

Google Cloud Cortex Framework is a foundation with endorsed reference architectures for customers to more quickly deploy technologies fro…

Read Article

Cloud BlogRead More



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments