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SAP DEC - Data Enrichment and Classification

So there is a new animal in the zoo. Is it really really different ? probably yes - probably not. But yes - world seems to be curious to know - if its different then whats that difference is?

SAP recently launched its long awaiting "new" product in Spend Analytics named as "SAP BusinessObjects Data Enrichment and Classification" (SAP BOBJ DEC). You can read official SAP page here and also download the product related information in this SAP DEC PDF.

Is it a game changer ? Yes. Since SAP took over Analytics Inc in 2008 and Business Objects in the same year - they announced a product roadmap integrating the technology platform with the engine that Analytics got on board. 3 years of big effort and we got this good new product.

So whats the real difference that SAP partners like Bristlecone can offer now ?
1. A faster engine - Which means less execution time for a engagement - traslated into quick spend visbility
2. Large vendor repository - a real good more than 100 million large vendor compendium that SAP setup with its partnership with various data providers like D&B. This means greater accuracy in terms of supplier normalization
3. A better interface - Interface is built using its consistent corporate style objects based on Java engine and Adobe Flex. So it gives one product shape to entire landscape.

Are we done with all spend products now ? No. The verdit is not yet out really. This is still first step of this product - and it really needs to be seen how customer accept it and how it really works for customers.

If you have any questions related to this product - please send me a mail pmendki (at) gmail (dot) com and I will surely get more information
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