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Procure Ai

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What is Procure Ai?

 

Procure Ai is an augmented intelligence platform that leverages advanced data analytics and AI to optimize the end-to-end procurement process.

The platform enables procurement to access real-time analytics, breaking down data and information siloes and driving process and task efficiency and overall productivity.

Procure Ai provides out-of-the-box advanced analytics and data insights so procurement can easily manage data volume and complexity to autonomously execute real-time data-driven decision making, risk mitigation, cost savings, and efficiency.

Founded: 2020

HQ Location: London, UK 🇬🇧

Categories: Procurement Consulting, Advisory, and Outsourcing Services

Featured Content

 

AOP Introducing... Procure Ai

 

Provider Perspective

Provider submitted responses to an AOP RFI

About Procure Ai

Procure Ai is at the forefront of transforming enterprise procurement. Our Augmented Procurement Platform enhances purchasing operations by integrating advanced data analytics and AI-driven insights, enabling organizations to actively influence and optimize procurement processes.

Our platform offers a suite of features from real-time analytics to automated order processing, drastically reducing manual effort and enhancing operational efficiency.

With over €30 billion in analyzed spend, Procure Ai equips customers with crucial insights into cost savings, risk management, and leverage opportunities.

Our platform facilitates strategic supplier selection based on price, compliance, and regulatory performance, reducing procurement operation touch rates by 37% and cutting process costs significantly. Clients also see an average savings increase of 4.6% through autonomous supplier negotiations and decision-making, all at a fraction of the cost of traditional, in-house solutions.

Product Strengths

  • Full Spend Management Suite
  • Procurement Services (Consulting, Advisory, BPO, etc.)
  • Procure-to-Pay 
  • Source-to-Contract
  • Procurement system health check: Assess the current state of your procurement platform

Ideal Customer

  • $1B - $3B / yr
  • $3B+ / yr

Resources

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