Financial managers find it very difficult to reconcile goods received against invoices not received. This issues called 'GR-NI' is time consuming to manage. The problem hence gets reduced to lowest of the priorities and leads to increase of financial liabilities and risk for the business. Without proper automation to monitor the discrepancies, paperwork gets piled up which leads to supplier connections suffering and credits being misused. However, with software based supplier reconciliation process in place, the organization can get rid of this huge task and also improve its audit processes solving several risk issues as they arise. A simple overview of the new 'GR-NI' process says that creation of a database with financial and orders data is to be integrated followed by different other steps. The key elements of this solution are methods to get statements directly into the system regardless of format and source and many others. To maximize the value, operational areas should be looked into that can benefit from better processes. Read more at: http://www.smartdatacollective.com/keith-peterson/329860/using-procurement-analytics-simplify-your-supplier-reconciliation

Lack of planning and special interest pressure among politicians resulted in failure of building the necessary infrastructure required for adequate water retention which lead to water crisis in the state of California. Governor Brown is trying to control who can use water and for what it can be used efficiently. Charging people for water won’t be of any help but through the use of technology things like underground leaks, non-revenue water loss can be identified specially by using the ‘Night-time Flow Analysis’ solution given from Esri. This analysis works by using an optimal time to analyse for leaks mostly at night when consumption is low comparatively. It is a configuration of ArcGIS platform which includes sample data. The accuracy of leak detection depends on customer’s pipe network. The solution responds in real time and is a freely available configuration used to observe base flow conditions and control water crisis.

Read more at: http://www.smartdatacollective.com/shawn-gordon/325636/where-did-all-water-go

According to the H.O. Maycotte (Austin Tech), Success in real time means collecting, assessing and acting on real-time customer data.” Ability to collect data and respond towards that data separates successful brands from the crowd. Steps to make real-time data and real-time response part of your operations, especially in marketing and customer service:
• Collect and consider real-time customer data in context.
• Look for context beyond the customer.
• Give mobile and social the central roles they deserve.
• Act fast.
• Anticipate your customer’s next move.
Read more at: http://www.forbes.com/sites/homaycotte/2015/06/16/5-ways-improve-customer-service-with-real-time-data-and-real-time-responses/