Amplifying Procurement Outcomes

ProcureEdge is a state of the art technology solution powered by ready to deploy AI/ML algorithms, intuitive user journeys, and preset improvement opportunities, with linkages back to your core procurement systems. ProcureEdge can then actionize these opportunities, addressing this gap in current procurement technology solutions.

In other words, be it a CPO, procurement manager, category manager or a category analyst, ProcureEdge addresses the stakeholder needs and enables them to contribute towards broader procurement goals of cost optimization, risk moderation, compliance, supplier performance and more.

Gaps in Procurement

Procurement is increasingly evolving from a support function to a key strategy enabler. To succeed in this transformation, procurement leaders place certain key asks on their ecosystem.

72%

CPOs believe risk management will play key role in the next 12 months

65%

Have limited visibility beyond Tier 1 Suppliers

91%

Agree that procurement will need to be more agile to repond to market changes

78%

Say that Cost reduction is their top priority

CPO Organization Challenges

With an an increasingly complex ecosystem of technology, suppliers and market information, Procurement Leaders have to tackle certain challenges to meet the rising expectations.

DATA

VISIBILITY

OUTCOMES

ProcureEdge – Amplifying Procurement Outcomes

ProcureEdge is an enterprise-grade, AI-powered product designed inhouse by EdgeVerve. Its various solutions sit on top of existing systems of record, eliminating the need for any rip-and-replace and augments the performance of various stakeholders in the procurement teams.

Procurement Manager

Procurement Manager

Category Manager

Category Manager

Sourcing Expert

Sourcing Manager

Data Analyst

Data Analyst

Contracts Manager

Contracts Manager

Others

Others

 

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Data Management

Achieve automated & AI-enabled Data Cleansing, Normalization, Harmonization and Spend Classification ...

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Spend Intelligence

Achieve holistic view of your procurement health & performance, with the help of improved Spend Visibility, Supplier Rationalization, Automated Opportunity Identification and mo...

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Category Intelligence

Leverage category specific data, industry trends, market insights and expert curated market intelligence to enhance visibility leading to improved Decision Making & Strategy....

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Contract Intelligence

Enable your organization to leverage Contracts Metadata along with Procurement Data & AI driven Insights to drive Contract Compliance, arrest Contract Leakages & mitigat...

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Risk Intelligence

Leverage external data-based Risk Profile to identify and assess risk exposure to your supply, evaluate Mitigation Strategies and implement Preventive Actions. ...

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Tail Spend Management

Reduce Maverick Spending and hack your tail spend with Demand Aggregation, Supplier Consolidation, Tail Spend Analytics and S2P Domain Expertise ...

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Cognitive Buying Assistant

Create a unified, hyper-personalized and holistic procure-to-pay ecosystem with AI-enabled Conversational Assistant, Intent Identification and Guided Buying Recommendations ...

Key Features

Data Hub

Data Management

Spend Classification

Intelligence Hub

Spend Visibility

Opportunities

Market Insights

Predictive Analytics

Supplier Risk and Performance Management

Digital Hub

Buying Channels

Conversational Procurement

Project Management

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