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
Category Manager
Sourcing Manager
Data Analyst
Contracts Manager
Others
Data Hub
| Data Management |
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Intelligence Hub
| AI driven Insights |
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| Opportunity Mgmt. |
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| AI driven Insights | Opportunity Mgmt. |
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Digital Hub
| Procurement Execution |
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Data Management
Achieve automated & AI-enabled Data Cleansing, Normalization, Harmonization and Spend Classification ...
Spend Intelligence
Achieve holistic view of your procurement health & performance, with the help of improved Spend Visibility, Supplier Rationalization, Automated Opportunity Identification and mo...
Category Intelligence
Leverage category specific data, industry trends, market insights and expert curated market intelligence to enhance visibility leading to improved Decision Making & Strategy....
Contract Intelligence
Enable your organization to leverage Contracts Metadata along with Procurement Data & AI driven Insights to drive Contract Compliance, arrest Contract Leakages & mitigat...
Risk Intelligence
Leverage external data-based Risk Profile to identify and assess risk exposure to your supply, evaluate Mitigation Strategies and implement Preventive Actions. ...
Tail Spend Management
Reduce Maverick Spending and hack your tail spend with Demand Aggregation, Supplier Consolidation, Tail Spend Analytics and S2P Domain Expertise ...
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
Resources
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