ProcureGPT

CUSTOMER PAIN POINT: Current solutions for Contract Lifecycle Management (CLM) and Spend Analytics are proving to be highly inefficient and costly. Customers are experiencing spend leakage, poor contract compliance and inadequate control over accounts payable reconciliation due to a lack of visibility of contracts, MSA’s, SOW’s PO’s and invoices that impacts Finance, Procurement and Legal departments;

dSilo’s ProcureGPT and ProcurementGPT technology automatically extracts contextualized data from any document (e.g. contract, SOW, PO, invoice) and provides immediate visibility for contract and spend compliance.

BENEFITS:

• Minimize Spend Leakage

• Discover intelligent perspectives through contextual insights – enable new value through different types of spend control and reduction opportunities for positive working capital impact.

• Improve Productivity and Business Impact

• Improve organization’s efficiency, productivity and also retain institutional knowledge amid employee turnover using self-learning AI technology

• Increase Compliance and Reduce Risk

• Gain visibility and insights across contracts, SoWs, invoices and other procurement documents to identify compliance gaps and risk mitigation opportunities

ProcureGPT SOLUTIONS:

• Contract Intelligence

• Visibility of all your clauses and pricing terms across all contracts, SoWs, NDAs, POs and other procurement documents

• Self service access to intelligent analysis for cost saving, compliance ,risk and performance management on the entirety of the information in the documents

• Generate customized insights that support supplier negotiations and ongoing supplier management to achieve optimal value

• Spend Intelligence

• Extract invoice line-item level detail for a deeper spend analysis with data that is not available in the current solutions

• Automatic categorization and classification of line level data for net price analysis

• Actionable insights on all spend leakage for example due to non-compliance of contractual terms or buying off contract

• Intelligence into working capital improvement opportunities such as payment terms and supply chain financing