AUTONOMOUS SOURCING & NEGOTIATIONS
Value creation from tail spend
on autopilot.
Identify suppliers, execute tactical tenders, and run
more negotiations to drive competitiveness and
generate savings. While others complain about their
tail spend, you create value from it.
KPI’s
Drive real results
4.9%
Average Cost Savings
43%
Reduction in Cycle Time
100%
Automated Tail Spend
CUSTOMERS
Trusted by leading procurement
teams worldwide.
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Automate your tactical & tail spend sourcing.
Touch more spend to deliver more savings. Increase your spend under management and extend procurement’s reach by automatically running sourcing events on tactical and tail spend requests. Enable stakeholders and buyers to comply with category-specific requirements and collect bids from preferred suppliers to increase your spend under strategy and competitive pressure.
Guided RFP development, execution & analysis.
Stop the inconsistency with guided sourcing events. Ensure clear project briefings, preferred supplier involvement, and detailed proposal analysis to handle more events and create efficient buying experiences for stakeholders. Decrease sourcing cycle times by as much as 43% by using our conversational AI agent for creating sound briefings, finding relevant suppliers, autonomously collecting bids, and analyzing proposals.
Predictive supplier scouting for increased competition.
Identify capable suppliers and increase the competitive pressure in negotiations. Explore relevant suppliers in your system or discover relevant new ones with intelligent AI supplier scouting capabilities. Leverage challenger suppliers to increase your supply chain resilience, reduce your dependencies, and negotiate better commercial terms that drive bottom-line savings.
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“The intuitive user experience and excellent support have noticeably upgraded our tail spend management. Suppliers praise the simple login and fast processing. For us, it enables efficient processing and emphasises our commitment to digitalization.”
Natalia Baum
Specialist Sourcing & Procurement
Non-Production Material
Your negotiations, your rules.
Configure your negotiation playbook to fit your unique requirements. Gain insightful supplier negotiation briefings and configure detailed negotiation parameters, behaviors, and tactics of our autonomous negotiation agents in our AI Negotiation Cockpit. Gain a holistic picture of the negotiation context and tailor your approach for each category.
Autonomous negotiations, really.
Make it easy for your suppliers to give you discounts. Deliver an average 4.7% savings by autonomously negotiating commercial terms across previously untouched tactical and tail spend requests. Reach out to more suppliers and provide them with a simple and intuitive user experience that guides them through the process and helps them improve their offer.
Integrated automation from request to order.
Don’t just automate the negotiation, automate the end-to-end Procurement process. Increase operational efficiency across sourcing and purchasing by leveraging AI capabilities across sourcing management, negotiations, and purchasing operations. From requirement definition to autonomously sourcing and negotiating deals, completing the PR and managing approvals, our Procurement Automation Platform helps you orchestrate the Source-to-Pay process.
BENEFITS OF AUTONOMOUS SOURCING & NEGOTIATIONS
AI tools that help you touch more spend
and deliver more savings
without adding resources.
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Customizable business
logic and rules.
Granularly define rules to ensure autonomous sourcing and negotiations agents align with your unique business needs and supplier engagement strategies.
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Tail-spend, under new management.
Autonomously gain control over your tail-spend by performing competitive tenders and negotiations for lower value requests and instilling competition.
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More spend under management, more savings.
Increase your spend under management and achieve an average 4.7% cost savings without adding headcount by executing more negotiations on your tactical and tail spend.
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Increased resource efficiency, not headcount.
Run tactical sourcing events and tail-spend negotiations autonomously and enable business stakeholders to self-serve to increase procurement’s reach without adding headcount.
FEATURES
Autonomous agents & workflows that deliver savings, configured by you.
Sourcing
- GenAI RFP development
- Supplier identification & scouting
- Autonomous tender execution
- Proposal analysis & summary
- Automatic contract resourcing
- Award recommendation
Negotiations
- Negotiation briefing summary
- Auction design recommendation
- Predictive negotiation insights
- Negotiation rule builder
- Autonomous negotiation execution
PRODUCT DEMO
Ready to transform
your tail spend?
See how autonomous sourcing and negotiations can drive efficiency and unlock fresh savings.
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Connected & secure automation for Procurement.
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