Core Functions to Transform Procurement
AI-Powered Orchestration
Integrates data and synchronizes processes across the entire procurement process — from intake, sourcing, contract, supplier, category, spend, risk to payment and across domains, delivering outcomes and significant cost savings.
Intake Management
Guides users through any request and approval processes, with statuses throughout for transparency, using a persona-driven, intuitive and conversational user interface for a superior user and customer experience while ensuring compliance.
Category Management
Provides comprehensive visibility across the enterprise, real-time market intelligence and deep insights. It helps users develop category strategies for direct and indirect categories by leveraging seamlessly integrated spend, supplier, sourcing, and commodity data, and automatically convert them into executable projects with detailed implementation plans.
Spend Analysis
Gathers raw spending data from multiple systems, categorizes every dollar spent according to a defined taxonomy, analyzes spending patterns, and identifies the best opportunities for cost savings.
Sourcing
Optimizes supplier selection, cost savings and supplier value by enabling cross-functional collaboration, managing RFx processes, conducting reverse auctions, overseeing supplier and contract management, and driving ESG requirements, analytics, and reporting.
Contract Management
Mitigates financial risks and captures unrealized value by managing business and contract risk, driving contract compliance, and executing obligations and warranties through an intelligent enterprise-wide contract lifecycle solution.
Supplier Management
Enhances supplier performance and innovation while reducing risk. Allows users to effectively handle supplier records, onboarding, collaboration, innovation and interactions and manage supplier performance and risk, driving value and relationships across a multiparty, multitier collaborative network with advanced AI.
Third-Party Risk Management
Safeguards business continuity and reputation in expanding ecosystems by enabling organizations to manage and monitor third-party risks with proactive and intelligent risk-mitigation strategies throughout the S2C process and vendor lifecycle.
Procure-to-Pay
Drives operational efficiency, improves budget control and compliance and optimizes cash flow by automating and optimizing the entire purchasing and payment process seamlessly across intake management, requisition, purchasing, invoicing and payment processes, providing end-to-end visibility and touchless processes or control.
Savings Tracking
Provides a complete view of an organization’s savings projects pipeline. Facilitates real-time collaboration to create, monitor and manage the savings pipeline, accelerating savings realization and aligning stakeholders.
Direct Material Sourcing
Drives cost optimization and informed decision-making with deep insights and recommendations on the BoM requirements, material specifications, supplier capabilities, production timelines, and associated risks, for optimized sourcing decisions.
Key Differentiating Features
Powerful Category Capability with Deep Intelligence
Transforms data into intelligence, empowering decision-making with advanced category analytics, best practices and a robust workbench with 100k+ market indices. Offers supplier insights, should-cost management, and predictive intelligence to optimize cost, risk and sustainability.
Robust AI and Advanced Analytics
Leverages generative AI and advanced analytics to address both strategic and operational challenges. The platform is scalable, future-proof and designed to provide practical solutions with real-world AI use cases embedded into the entire S2P process, ensuring strong data governance and security.
Rapid Deployment and Flexible Configuration
Enables organizations to select an end-to-end solution for full potential or select individual capabilities to meet specific needs. Allows users to tailor to implement the solution out of the box for fast deployment or perform high-level customizations for complex environments to deliver business outcomes and enable strategic transformation.
Strong Extensibility and Self-Service
With easy system integration capability, empowers users to create flexible workflows with low-code functionality through a personalized user experience, enabling agile supply chains and reducing reliance on IT.
Comprehensive ESG Management
Helps organizations set baselines, define targets, take meaningful action and report on ESG performance. Assesses and categorizes suppliers’ ESG maturity and performance to accelerate ESG initiatives.
Holistic Risk Management
Empowers organizations to proactively monitor, mitigate and manage supply, supplier, and supply chain risks through an intelligent, comprehensive risk framework. Ensures operational stability, improves compliance and supply chain resilience.
