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

Cognitive Connected Procurement across S2P Lifecycle

With ready to deploy AI/ML Solution , intuitive user journeys, and preset improvement opportunities for functions across your Procurement organization.

Procurement Manager

Procurement Manager

Category Manager

Category Manager

Sourcing Expert

Sourcing Manager

Data Analyst

Data Analyst

Contracts Manager

Contracts Manager

Others

Others

Data Hub

Data Management
  • Ingestion
  • Cleansing
  • Normalization
  • Classification

Intelligence Hub

AI driven Insights
  • Spend Insights
  • Market Insights
  • Category Insights
  • Contract Insights
  • Supplier Insights
Opportunity Mgmt.
  • Automated opportunity identification
  • Opportunity assessment
  • Project Management
AI driven Insights Opportunity Mgmt.
  • Spend Insights
  • Market Insights
  • Category Insights
  • Contract Insights
  • Supplier Insights
  • Automated opportunity identification
  • Opportunity assessment
  • Project Management

Digital Hub

Procurement Execution
  • Intelligent digital Procurement
  • Cognitive Procurement
  • Recommendations across Value chain
  • Conversational digital assistant
  • Intelligent routing for buying channels
  • Sourcing Project management

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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