Nia Tail Spend Management significantly reduces time and effort needed for the tail spend sourcing process, and enables communication between Buyer, Supplier and MSPs. It provides intelligent recommendation of suppliers for cost-effective and timely fulfilment of products & services requirements.
By enabling a conversation dashboard, category matching & spec clarity, supplier recommendations and price discrepancy identification, the application allows enterprises to achieve world class procurement, reduce costs and manage tail spend efficiently
Nia Tail Spend Management is designed to enhance efficiency and collaboration amongst various stakeholders, while reducing the overall tail spend
Single dashboard for all conversations (online/offline) for enhanced traceability and visibility
NLP and ML based automated category identification and pre-population of request details
Intelligent supplier recommendation to ensure user spend is channeled through preferred suppliers
Flag price discrepancies by leveraging contract and pricing terms & conditions in combination with historical data
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