Tricommerce Procurement Analytics receives a copy of all electronic invoices in OIOXML or OIOUBL format (including scanned invoices), and categorizes the individual invoice lines.
The categorization is done automatically based on sophisticated rules which take into account the electronic catalogs, product descriptions and suppliers, thereby ensuring a high level categorization. The automatic classification is based on the UNSPSC categorization standard, but it is possible to create custom categorization of products as well.
Tricommerce Procurement Analytics is hosted by Tricom and accessed online. The solution is implemented in a few weeks and usually returns the value of the license within a few months!