Business function
Sourcing, supplier management, purchase to pay and third party risk.
13 organizations in 3 countries run these use cases in public. 18% of those 17 deployments disclose a measurable outcome.
An assistant for procurement and vendor management that reads supplier contracts and proposals, extracts the key terms, flags deviations from the organization's standard positions, drafts requests for proposal and evaluation matrices, and prepares negotiation positions, with a procurement or legal owner approving every conclusion.
AI that captures supplier invoices from any format, extracts header and line data, matches them to purchase orders and goods receipts, proposes tax and cost centre coding, flags duplicates and suspected fraud, and routes them for approval and posting, leaving only exceptions to accounts payable staff.
AI that reviews a vendor's security questionnaires, SOC and assurance reports, contracts and model documentation against the organization's control requirements, researches the vendor's ownership, sanctions, financial health and adverse media, drafts the risk assessment for a human to approve and keeps the register of material service providers current with ongoing monitoring.
AI that reads purchase orders, invoices, card transactions and contracts and assigns each line of spend to a category in the organization's taxonomy, and to the right supplier, so that procurement can see what is bought, from whom and where to consolidate or negotiate.
Computed from the 17 public deployments behind these use cases. Numbers update with every checked record.
Administration for Children and Families, Federal Deposit Insurance Corporation, General Services Administration, Internal Revenue Service, Kingfisher, U.S. Department of Agriculture, U.S. Department of Justice, U.S. General Services Administration, U.S. Immigration and Customs Enforcement, U.S. Trade and Development Agency, Veolia, Veterans Health Administration, Walmart.
