As a result of a highly competitive and volatile marketplace, the focus for procurement continues to be around driving cost savings, increasing profits, and mitigating risk. Yet, procurement teams need to find innovative ways to accomplish these tasks beyond their outdated processes, and limited tools and resources. Procurement is already experiencing an explosion towards digital … Read More
Suplari Purchasing Intelligence enables financial and procurement professionals to proactively improve process, manage spend, drive compliance, and identify fraud and abuse. Suplari, the AI-driven insights platform for procurement and finance, today announced the launch of Suplari Purchasing Intelligence. This new release enables companies to apply artificial intelligence (AI) to monitor, analyze and enforce the buying … Read More
Wasted time. Missing invoices. Late payments. Finding out you were charged how much for what? Procurement is a necessary and immense part of any business. Managing, monitoring, and crunching numbers from that part of your business probably takes a lot of time and effort. In fact, organizing and cleansing your spend, purchase, and supplier data … Read More
AI in Procurement can give enterprises real-time visibility into supplier spend to quickly identify missing contracts to reduce spend, negotiate better terms, and improve compliance. Procurement organizations use a set of criteria to determine if the spend with a supplier should be governed by a contract. Every organization defines that threshold differently, yet only a … Read More
Enterprise companies can leverage AI in Procurement to quickly connect their spend and contract data to surface opportunities for demand aggregation. With increasing labor rates and the rising cost of fuel, freight and raw materials, finding opportunities to reduce spend is becoming more difficult by the day. Aggregating the spend for each supplier under one … Read More
When it comes to re-negotiating your supplier contracts, timing, and the right data, is everything. This is where using AI in Procurement comes in handy. With AI, Enterprises can quickly gain the information they need to avoid unwanted renewals and strengthen their negotiating position to get the best deals. For a suspense novel or a … Read More