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.
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.
CPOs believe risk management will play key role in the next 12 months
Have limited visibility beyond Tier 1 Suppliers
Agree that procurement will need to be more agile to repond to market changes
Say that Cost reduction is their top priority
With an an increasingly complex ecosystem of technology, suppliers and market information, Procurement Leaders have to tackle certain challenges to meet the rising expectations.
|AI driven Insights|
|AI driven Insights||Opportunity Mgmt.|
Achieve automated & AI-enabled Data Cleansing, Normalization, Harmonization and Spend Classification ...
Achieve holistic view of your procurement health & performance, with the help of improved Spend Visibility, Supplier Rationalization, Automated Opportunity Identification and mo...
Leverage category specific data, industry trends, market insights and expert curated market intelligence to enhance visibility leading to improved Decision Making & Strategy....
Enable your organization to leverage Contracts Metadata along with Procurement Data & AI driven Insights to drive Contract Compliance, arrest Contract Leakages & mitigat...
Leverage external data-based Risk Profile to identify and assess risk exposure to your supply, evaluate Mitigation Strategies and implement Preventive Actions. ...
Reduce Maverick Spending and hack your tail spend with Demand Aggregation, Supplier Consolidation, Tail Spend Analytics and S2P Domain Expertise ...
Create a unified, hyper-personalized and holistic procure-to-pay ecosystem with AI-enabled Conversational Assistant, Intent Identification and Guided Buying Recommendations ...
Supplier Risk and Performance Management
The challenges are witnessed across the entire value chain of the procurement right from RFx evaluation, budget and inventory checks, supplier discovery, negotiations till approval and submissions of ...
Procurement organizations often deal with numerous suppliers spread across the globe. This creates an imminent need for procurement functions to set-up a robust mechanism that will help proactively id...
ProcureEdge Tail Spend Management provides a holistic layered approach to managing Tail Spend by enabling end to end spend visibility, apply category management rigor to manage demand and enable new a...