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.
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
Our customizable Business Applications seamlessly integrate into your existing IT infrastructure, to enable smarter supply chains, last-mile trade visibility, touchless loan processing, truly digital banking, and more. Build intelligence into your businesses with applications #BuiltOnAI.
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