AI Sourcing Assistant
Universal Connector
Integrates within 15 minutes with
SAP S/4HANA, Coupa, Ivalua, Onventis, Infor, Mercateo - Unite
and many more systems having a Catalog Punchout feature
The solution works using punchout catalogues with many ERP or Procurement systems. It assists requesters in defining demands, choosing the right category and sourcing terms, then automatically route them either to self-service sourcing or procurement. This way, requesters streamline their purchasing journey, reducing the need for extensive operational sourcing by procurement teams.
Key Benefits
Reduced effort for
smaller spend
Simplify the sourcing of low-value goods with the automated use of predefined templates containing relevant sourcing details for specific categories, suppliers, locations, and payment terms. Once the requestor enters the demand and specifications, the AI Assistant automatically chooses the right template and the sourcing event can be executed automatically in self-service.
Better demand description
As users type in their requirements in, our advanced AI assists by asking tailored questions, refining their needs effectively. It provides suggestions to create a comprehensive and precise description of the demand. A properly defined demand is crucial to finding suitable suppliers and facilitating better understanding with procurement.
Save money using automated negotiations
Utilise best-in-class game theory and AI algorithms for optimal negotiation outcomes (5-11% savings) while saving time and reducing effort by 50%. We use algorithmic game theory to set the negotiation strategy and execute the negotiations by using chat bots and reverse eauctions. Increase sourcing efficiency and achieve significant cost savings.
No more maverick spend
Optimize your procurement process with predefined templates, designed to cut out maverick spend. Our AI-driven tool matches demand with the right template, ensuring compliance and efficiency. Say goodbye to unauthorized spending and welcome a streamlined approach to sourcing.
Say goodbye to lengthy sourcing processes and hello to efficiency, thanks to our integrated AI technology
Features
AI Demand Definition
As users type in their requirements in our advanced AI assists by asking tailored questions, refining their needs effectively. Based on the user's stated demand, our AI efficiently determines the appropriate purchasing category, ensuring accurate procurement alignment.
AI Category Identification
The request information can automatically correspond with the sourcing setup to execute the defined sourcing flow. Maintained by category managers, this setup ensures optimal sourcing results and compliance.
Customised Buying Flows
Based on the category management configuration, the appropriate workflow is automatically initiated. This may be self-service sourcing flow, autonomous sourcing with mysupply, or PO creation in existing procurement solution.
Offer Evaluation
Offers are displayed to the requestors after they have been submitted. The requestors evaluate which offers suite their demands. After confirmation next steps of the process are being automatically triggered.
Offer Negotiation and Awarding
The solution chooses the right negotiation strategy and automatically negotiates and awards the offers. Requestors stay informed with timely notifications on purchase progress.
Example Flow
Self Service
Flow
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