An AI agent that proactively monitors active supplier contracts to ensure compliance with key terms (e.g., pricing, volume commitments, service levels) and tracks important milestones (e.g., renewal dates, price adjustment windows, reporting deadlines). It alerts procurement professionals to deviations, upcoming obligations, and potential risks.
An AI agent streamlines the supplier onboarding process by automating data collection from potential suppliers, performing initial validation of submitted information (e.g., tax IDs, bank details), conducting preliminary risk assessments by checking against third-party databases, and routing information for necessary internal approvals before creating/updating supplier master records.
An AI agent that automates the collection of supplier performance data from diverse internal and external sources, standardizes the information, calculates key performance indicators (KPIs), and provides an initial analysis, flagging underperforming suppliers or emerging risks for further review by procurement professionals.
An AI agent that ingests spend data from various sources, automatically classifies and enriches it, identifies spending patterns, detects maverick spend, benchmarks against market data, and highlights potential savings opportunities (e.g., supplier consolidation, volume discounts, contract renegotiation) for procurement and category managers.
