Robobai Listed by Gartner in 2019 Cool Vendor Report!
We are delighted that Robobai has been included in Gartner’s 2019 cool vendor report. A big thank you to all our customers and congratulations to the entire Robobai team who have worked tirelessly around the clock during the last 2 years to develop a truly fantastic, and game-changing product for the procurement data analytics industry.
Robobai can now be seen listed in the Gartner 2019 Cool Vendor Report, under the category “Cool Vendors in Sourcing & Procurement Applications” For those of us who have Gartner research access the specific link can be accessed by clicking here.
Quoting Micky Keck from Gartner
Why Robobai is Considered Cool: Robobai provides a spend analytics platform that pushes AI spend insights to organizations rather than just being a reporting engine. Robobai uses industry-specific AI bots to improve data cleansing and classification. This results in faster turnaround times and lower classification errors compared to the typical rule-based cleansing process used by most vendors in the space. Robobai also offers a contract management module to provide customers with a contract repository, contract compliance information and analytics. Robobai uses an AI bot to extract key contract metadata, such as contract value, expiration date and supplier, to expedite legacy contract data loads. Combining spend and contract data, AI savings bots highlight additional savings opportunities. Examples of their output include:
- Consolidating spend within commodity categories with too many suppliers
- Taking control of a spend category with little contract coverage
- Identifying item pricing that is out of line with contracted amounts
- Identifying contract payment terms that are out of line with ERP payment terms
Robobai identifies responsible procurement practices by checking categories and vendors that have a high risk of slave labour within their supply chains. It also suggests alternate local/socially good supplier options. Robobai defines “social good” suppliers as those that are operating in depressed communities, providing jobs to underemployed groups, or owned by protected groups.
Who Should Care: IT application leaders, as well as those responsible for procurement, finance and treasury. Companies operating in Australia would have the added benefit of the socially responsible procurement functionality.
Such a glowing endorsement is a wonderful testament to our recent achievements here at Robobai and should be seen as further evidence of our market-leading position at the forefront of the procurement software space.
More information about the Robobai product suite is available by visiting our website. Get the Demo today.
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