See procurement from a whole new perspective.
- Category Managers
ElectrifAi’s ProcurementAi suite is a SaaS solution that combines the power of artificial intelligence with deep domain expertise and transforms spend and contract data into actionable insights.
With ElectrifAi’s ProcurementAi Suite, you can finally gain an accurate understanding of your spend data and contracts: what savings you’re missing, what risks you’re incurring, how your compliance lines up, and more. By having this instantly actionable information right at your fingertips, your procurement department is better positioned to move decisively and cost-effectively.
The ProcurementAi Suite contains two pre-trained modules: SpendAi and ContractAi.
Powered by advanced machine learning science developed by processing over $6 trillion, SpendAi Module provides accurate, trustworthy and up-to-date visualization of your organizational spend.
Accounting for everything from the big-picture to the small details, SpendAi Module leverages the power of machine learning to identify more spend patterns and saving opportunities than other technologies can and does so with greater accuracy.
Integration with ContractAi Module ensures you reap rewards from prior difficult efforts in negotiating payment terms, rebates and risk to stop cash leakage, recapture lost savings and avoid large “surprise” costs.
ContractAi Module uses machine learning to read and understand contractual language and clauses that are all-too-often difficult to understand—giving you deep and detailed visibility into your supplier relationships while uncovering hidden risk.