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.
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.
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.
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.
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.
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.
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.
Granularly define rules to ensure autonomous sourcing and negotiations agents align with your unique business needs and supplier engagement strategies.
Autonomously gain control over your tail-spend by performing competitive tenders and negotiations for lower value requests and instilling competition.
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.
Run tactical sourcing events and tail-spend negotiations autonomously and enable business stakeholders to self-serve to increase procurement’s reach without adding headcount.
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Autonomous sourcing in Procurement: Enabling Procurement to unlock new savings from tail spendDiscover how autonomous sourcing helps procurement unlock savings from tail spend, streamline processes, and boost efficiency.
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Autonomous negotiations help Procurement deliver increased cost savings with AIAI-powered autonomous negotiations give procurement the tools to save more, scale faster, and increase efficiency. Explore how it works.
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Better together: Connecting autonomous sourcing and negotiation for maximum savingsDiscover how autonomous sourcing and negotiation work together to unlock savings, optimize tail spend, and scale procurement efficiency.
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