SpendAI

Harness the power of data to cut costs, de-risk, and streamline procurement using SpendAI, a state-of-the-art LLM-GenAI and ML-driven spend analytics solution. SpendAI supports spend data from Coupa, SAP, Oracle, and other leading ERPs.

Automated Spend Categorization and Vendor Grouping ensure 98% accuracy in spend visibility, enhancing strategic sourcing, cost reduction, and productivity.

Classifying spend into a predetermined taxonomy has always been a challenge. It is an essential step towards developing spend management strategies but is both tedious and repetitive. SpendAI automatically classifies the bulk of the data with speed and accuracy, leaving a smaller subset of data for qualitative assessment by the procurement staff. The result: Improvement in strategic sourcing, cost reduction, and efficiency.

Vendor Negotiating Leverage helps cut costs, secure better terms to boost negotiation, and unlock volume discounts and strategic savings by using Unique Vendor Identification.

Your vendors may not have precisely the same name across various disparate systems in your enterprise from where this data is pulled. Furthermore, with M&A, their identities may change over time. SpendAI normalizes the names to a single entity allowing you to know the total spend with each unique vendor. Normalization, thus, creates an opportunity for negotiating volume discounts and more favorable terms.

Watch how to identify unique vendors to boost negotiating leverage with SpendAi.

Industry-Specific Taxonomy streamlines procurement by simplifying spend categorization and aligning it to your business needs for better negotiating leverage and cost reductions.

The right taxonomy makes it easier to identify any problematic spend, and therefore realize savings. But creating a meaningful taxonomy is cumbersome and time-consuming. SpendAI brings unrivaled industry-specific taxonomy that you can customize to your business needs. Organizing data into meaningful structures allows you to evaluate suppliers across multiple category levels, while increasing your spend with key suppliers enhances your negotiating leverage.

Watch how to create meaningful and customizable spend taxonomy with SpendAi.

Actionable Savings Insights automates the process of identifying potential cost savings and supplier risks, uncovering new savings opportunities and maximizing ROI.

Do you find yourself beholden to data and having to look for insights from data manually? Whether you want to review spend at an aggregated level or scrutinize spend data at a granular level – your ML-driven dashboard should give you a holistic view. SpendAI automatically recommends new actionable savings, so you don’t have to look for them manually, and it continues to get better over time with more data.

Watch how to unlock insights by drilling down to granular level with SpendAi.

Watch how to evaluate vendor leverage and predict cost savings with SpendAi.

Risk Identification helps de-risk challenges from supplier overdependence or excess suppliers with ML-driven recommendations for better efficiency.

Knowing your supply chain vulnerabilities is vital to ensuring supply shortages don’t impact production. It’s hard to monitor the health of tens of thousands of suppliers. Proactive steps to ensure you have a balanced approach to sourcing in the event of a geo-political crisis or natural calamities is critical. SpendAI’s actionable recommendations allow you to be in a better position by de-risking your challenges from supplier over-dependence.

Watch how to mitigate supplier risks by predicting supplier reliability with SpendAi.

Automated Spend Categorization and Vendor Grouping

Automated Spend Categorization and Vendor Grouping ensure 98% accuracy in spend visibility, enhancing strategic sourcing, cost reduction, and productivity.

Slash costs with increased negotiating leverage

Vendor Negotiating Leverage helps cut costs, secure better terms to boost negotiation, and unlock volume discounts and strategic savings by using Unique Vendor Identification.

Watch how to identify unique vendors to boost negotiating leverage with SpendAi.

Industry-specific Taxonomy

Industry-Specific Taxonomy streamlines procurement by simplifying spend categorization and aligning it to your business needs for better negotiating leverage and cost reductions.

Watch how to create meaningful and customizable spend taxonomy with SpendAi.

Actionable Savings Insights

Actionable Savings Insights automates the process of identifying potential cost savings and supplier risks, uncovering new savings opportunities and maximizing ROI.

Do you find yourself beholden to data and having to look for insights from data manually? Whether you want to review spend at an aggregated level or scrutinize spend data at a a granular level – your ML-driven dashboard should give you a holistic view. SpendAI automatically recommends new actionable savings, so you don’t have to look for them manually, and it continues to get better over time with more data.

Watch how to unlock insights by drilling down to granular level with SpendAi.

Watch how to evaluate vendor leverage and predict cost savings with SpendAi.

Risk Identification

Risk Identification helps de-risk challenges from supplier overdependence
or excess suppliers with ML-driven recommendations for better efficiency.

Watch how to mitigate supplier risks by predicting supplier reliability with SpendAi

We take the risks, and you reap the rewards.

Save now, pay later with SpendAI

Harness the power of data to cut costs, de-risk, and streamline procurement using SpendAI, a state-of-the-art LLM-GenAI and ML-driven spend analytics solution. SpendAI supports spend data from Coupa, SAP, Oracle, and other leading ERPs.

Automated Spend Categorization and Vendor Grouping

Vendor Negotiating Leverage

Industry-specific Taxonomy

Actionable Savings Insights

Risk Identification

Value Proposition

Why is SpendAI better?

The five foundational pillars of Spend Intelligence

Our Clients

Blogs

Success Stories

Blogs

Headquarters

Global Offices

Save now, pay later with SpendAI

Harness the power of data to cut costs, de-risk, and streamline procurement using SpendAI, a state-of-the-art LLM-GenAI and ML-driven spend analytics solution. SpendAI supports spend data from Coupa, SAP, Oracle, and other leading ERPs.

Automated Spend Categorization and Vendor Grouping

Vendor Negotiating Leverage

Industry-specific Taxonomy

Actionable Savings Insights

Risk Identification

Value Proposition

Why is SpendAI better?

The five foundational pillars of Spend Intelligence

Related Products

ContractAi

SupplyRiskAi

Our Clients

Blogs

Success Stories

Blogs

Headquarters

Global Offices