Classify Transactions Using Artificial Intelligence
Begin your spend classification process with a single click that will classify all your business transactions using generative AI. Review and revise the results if required to use the combined capabilities of generative AI and supervised learning to predict even more accurate spend categorization results.
Spend Classification requires supervised training for classifying the business transactions. With this feature the classification process considerably simplified. You can initiate the classification with Gen AI that uses descriptions in your transactions and categories for initial predictions. Review this prediction and finalize the first batch.
Classification using AI Assist
From the second run onwards GenAI is used in combination with supervised learning which is created from the already reviewed and approved batches.
This feature simplifies the initial classification, reduces the effort needed to prepare a training set, and improves the classification accuracy by using the best of GenAI and supervised learning.
Steps to Enable
You don't need to do anything to enable this feature.
Key Resources
- Refer to the Spend Classification chapter in Oracle Procurement Cloud documentation, available in the Oracle Help Center.
Access Requirements
- This feature is available without additional setup to users who have access to spend classification.
- You have a couple of options for giving people access to Spend Classification, depending on whether you're assigning them predefined job roles or your own configured job roles.
- Users who are assigned this predefined job role can access this feature:
- Procurement Data Analyst (ORA_POI_PROCUREMENT_DATA_ANALYST_ABSTRACT)
- Users who are assigned this predefined job role can access this feature:
The privileges needed to access this feature were available prior to this update.
- Users who are assigned a configured job role that contains these privileges can access this feature:
- Administer Spend Classification Application (POI_ADMINISTER_SPEND_CLASSIFICATION_PRIV)
- Manage Spend Classification Batch (POI_MANAGE_SPEND_CLASSIFICATION_BATCH_PRIV)
- View Spend Classification Work Area (POI_SPEND_CLASSIFICATION_WORKAREA_PRIV)