Nia Procurement Insights- EdgeVerve

Nia Procurement Insights

Nia Procurement Insights delivers business relevant insights around sourcing & procurement, by automating procurement data ingestion and data management activities, classifying spends into right categories using ML (machine learning) techniques, generating predictive spend analytics (what-if and forecasting analysis) and highlighting guided opportunities to aggregate demand, optimize price, rationalize suppliers, and adhere to compliance and more.

This will enable enterprises to create best in class procurement practices, identify opportunities to reduce costs and improve risk management.

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Features


The comprehensive and future-proof Nia Procurement Insights solution offers complete procurement spends visibility and intelligent analysis, that equips procurement teams with enhanced decision making capabilities

  • Efficient Data Management
    Industry standard data models for transactions and master data, with data harmonization and normalization to enhance analytics

  • Automated Spend Classification
    Best in class spends classification powered by “Auto-Classification” and augmented by additional manual "Rules"

  • Advanced Spend Analytics
    Interactive dashboards supported by best-in-class visualization, with rich functional models and embedded intelligent insights

  • Guided Opportunity Analysis
    Dynamic guided opportunity analysis for continuous identification and validation of improvement opportunities

 

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Nia Procurement Insights

Nia Procurement Insights delivers business relevant insights around sourcing & procurement, by automating procurement data ingestion and data management...


 

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