In the first two parts of this mini-series (Part 1 and Part 2) looking at Oracle’s new spend classification tool, I examined some of the basic capabilities it presents as well as how it appears to work in practice based on a relatively quick demonstration. Today, I’ll continue my analysis looking at how it compares to other solutions in the market. As I said at the start of my analysis examining Oracle’s Spend Classification capabilities based on my quick look at the tool, I’d say on a first pass, it compares quite favorably with other classification approaches in the market. But it’s important to step back for a minute before drawing direct comparisons. Why? I believe it’s important to call out that there’s a philosophical distinction between classification approaches and organizations must decide which camp they’re in from the start of the process before deciding which vendors to short-list.
Articles in this series
- An Oracle of Spend Classification or Just Another Spend Tool? (Part 3)
- An Oracle of Spend Classification or Just Another Spend Tool? (Part 2)
- An Oracle of Spend Classification or Just Another Spend Tool? (Part 1)