We are thrilled to introduce Aggregate Spend Reporting Solution Version 3.5—a vital step forward in managing and reporting spend data. This latest version includes upgrades designed to streamline your process and improve accuracy.
Key Updates
1. Technical Revamp for Pre-submission Data Mapping and Code Deployments:
One of the standout features of this update is a comprehensive technical revamp for pre-submission data mapping and code deployments. This revamp includes:
- Automated Data Fetching: We’ve introduced an automated process (SP) to fetch data from the industry, eliminating the need for manual activities and reducing the risk of errors.
- Enhanced Data Backend Mapping: The AggSpend/CIUS now boasts enhanced data backend mapping capabilities, ensuring that data is seamlessly integrated into the reporting system.
- Isolated Environments: To avoid any unintended impacts on the delivery environment during changes in the product environment, separate pre-submission copies are now required for both product and delivery. This isolation guarantees the stability and integrity of your reporting process.
2. De-minimus Value Update:
We’ve updated the de-minimus value thresholds in response to industry requirements and regulations. This adjustment ensures that your organization complies with current standards and regulations while simplifying the reporting process.
3. Designation Mapping Value Update:
We understand the importance of accurate designation mapping. Version 3.5 brings updates to designation mapping values, providing greater precision and consistency in your reporting.
These enhancements will streamline your data management processes, enhance compliance, and ultimately empower your organization to make more informed financial decisions.
