Skip to main content

ProcurementAi

Electrifai

0.0 out of 5 stars

See procurement from a whole new perspective.

Transform raw contract data into actionable insights

Procurement professionals are under more pressure than ever to find efficiency and savings in an ever-expanding ocean of information. Luckily, new technology makes it possible for your procurement team to have the intelligence they need to drive business results.

Introducing ProcurementAi. Using practical Ai and machine learning technology, ProcurementAi uncovers unparalleled insights into spending and savings opportunity so you can make better decisions.

Paint a more accurate picture of your contracts and spend

  • Generate significant cost savings by looking at combined spend and contract data.
  • Discover negotiated rebates hidden in contracts and compare to spend data.
  • Improve accuracy and lower review times so you can make quicker, confident decisions.
  • Uncover working capital improvements by viewing contract data versus invoice terms – bridge the gap between what actually happened and what should have happened.

Leverage advanced data science technology

  • ProcurementAi combines the power of SpendAi and ContractAi to show spend and contract data together.
  • SpendAi leverages the power of machine learning to identify spend patterns and savings opportunities with greater accuracy than other solutions, in order to provide an up-to-date visualization on organizational spend.
  • ContractAI reads and understands contractual language and clauses that are all-too-often inaccessible, in order to provide more visibility into supplier relationships and uncover hidden risk.
  • The unified data model enables quick data analysis and fast setup. The agile architecture allows for quick and autonomous implementation, scalable services, and frequent, effortless service updates.
  • Unique combination of optical character recognition (OCR) technology with machine learning, allows for higher accuracy and lower review times.
  • Deep learning-based solution using convolutional neural network (CNN) and natural language processing (NLP) to extract clause and contract information that otherwise requires time-consuming legal review.  
https://store-images.s-microsoft.com/image/apps.33086.730988ae-181a-4637-bdae-169c73fdfcbb.47fbd8a5-c018-4907-b7d6-0728fe86d37e.df100055-947b-4858-92d7-a1967fd83544
https://store-images.s-microsoft.com/image/apps.33086.730988ae-181a-4637-bdae-169c73fdfcbb.47fbd8a5-c018-4907-b7d6-0728fe86d37e.df100055-947b-4858-92d7-a1967fd83544
https://store-images.s-microsoft.com/image/apps.17529.730988ae-181a-4637-bdae-169c73fdfcbb.47fbd8a5-c018-4907-b7d6-0728fe86d37e.2ce32688-5150-4ab0-92b7-bfd937f9994b
https://store-images.s-microsoft.com/image/apps.4745.730988ae-181a-4637-bdae-169c73fdfcbb.47fbd8a5-c018-4907-b7d6-0728fe86d37e.185c5198-20af-4786-b230-94e321276fbf
https://store-images.s-microsoft.com/image/apps.57656.730988ae-181a-4637-bdae-169c73fdfcbb.47fbd8a5-c018-4907-b7d6-0728fe86d37e.cf0399b3-9c48-4844-b042-0ded7a04d6cd