Having witnessed transformation from e-procurement to self-service systems, the sourcing and procurement space has reached an inflection point. Some of the biggest challenges that procurement faces today are spend management, decision support through prescriptive analytics, increasing compliance, efficient procurement task management and effective risk mitigation. Machine learning (ML) and Automation unlock new means to address these problems and drive the next wave of transformation of procurement function.

Nia Sourcing & Procurement Business Applications leverage these technologies to simplify procurement processes, enhance user experience and deliver insights and recommendations for higher process efficiency and cost optimizations in procurement.