Transparency across all procurement activities and purchases.
Contract compliance is critical for the buyer and supplier, but it is also complex and confusing. When negotiating and implementing a contract with a preferred supplier, part of the process is ensuring the buyer/s place the right purchase orders with the preferred supplier. But with a globalised and diversified array of suppliers, coupled with a high volume of contracts and purchase orders, the task is impossible if not adequately supported.
This is where Robobai’s innovative AI-powered platform comes in, linking contract data with AP/PO/GL etc spend data. Robobai’s AI is able to process huge amounts of line-level data, often millions of lines with a 90+% level of accuracy. Taking standard monthly data extracts from your ERP systems, Robobai classifies and categorizes your spend and then analyses against preferred contracted suppliers within the category and effectively identifies compliance and valuable insights that your procurement teams can reliably act on.
This allows your procurement team to spend less time crunching data and sifting through spreadsheets and more time ensuring you keep the savings that have already been claimed, providing procurement with credible, reliable and accurate saving numbers.
Ultimately, ensuring contract compliance is a must do for procurement, because if the business is not buying from preferred suppliers, what’s the point!