Achieve sourcing goals with the right data.
Leverage the power of Artificial Intelligence and Human Intelligence for spend data you can trust.
Spend HyperCube
Opportunities & Savings Pipeline
Digital Sourcing Operations
AI + Human Intelligence.
AI+ Human Intelligence for 100% visibility including tail spend to discover significant savings opportunities and increased compliance.
100% Visibility
Leverage a single source of truth to drill down to the deepest level.
99% Accuracy
Accuracy with spend classification so you can trust your data.
Integrate data from multiple sources.
Connect and draw data from ERPs, T&E, AP, POs, Contracts, P-cards and more. Access all your data from a single source of truth.
ERP Systems
T&E
P-cards
Purchase Orders
Invoices
Other Systems
Taxonomy that reflects sourcing buckets.
Categorize directly to your organizational taxonomy, UNSPSC or any other standard code of your choice. We can also help you improve your current taxonomy or build a new one for better savings insights.
Classify uptill Level 5
Our AI+ Human Intelligence engine enables the deepest level of categorization with 99% accuracy.
Robust Normalization & Enrichment.
Advanced Supplier Normalization leveraging AI. Parent-child vendor relationship enrichment to help you map supplier families clearly and consolidate contracts quickly.
Market Intelligence and Supplier Risk.
Leverage our category market intelligence. Enrich data with third-party sources including category benchmarks, supplier financial data, and other insights.
15%
Average Savings
across projects
4.7
Flexibility & Ease
with collaboration
98% of customers see 15X ROI within the first 3 months of Proacure.
Over 15+ Clients
Spend Analytics for a 104 Billion Insurance firm.
Read about how Proacure worked with one of the largest Insurance companies to help them with their spend visibility and analytics.
Proacure enabled a 70% increase in accuracy & depth of categorization for their spend data, and built a suggested taxnonomy to enhance visibility of savings opportunities.
AI driven
Spend Baseline.
Our spend cube is powered by Natural Language Processing to extract metadata from contracts, PO/invoices and consumption data to build a Spend Baseline & Forecast to help you with sourcing.
NLP Metadata extraction
Extract metadata from any type of file format and schema.
Smarter Sourcing
With a clear spend baseline, go into negotiations fully informed.
Consumption Analytics for savings.
Leverage usage logs and contract data to compare and analyze actual usage. Target specific categories and identify under usage or over usage.
65% Savings
Achieve maximum savings with minimal disruption.
Smarter Negotiations.
E-Source & negotiate with data-driven insights and fact-based inputs. Leverage our managed procurement services for easier sourcing and greater savings.
Enhance Savings
with sourcing.
Reduce your RFx bid time to award by more than 300%.
Through dynamic data transparency, supplier
collaboration and automated bid evaluation,
you can now achieve significant savings.
Better sourcing decisions start here.
Leverage Market Supplier Intelligence with Industry Category expertise for smarter Sourcing negotiations.
Opportunities & Insights at your fingertips.
Discover opportunities and insights for savings, compliance, diversity, innovation and more. Achieve your sourcing goals with targeted opportunities with estimated financial impact and ease of implementation.
Demand Aggregation
Across
Business Units & Suppliers
Opportunity Assessment
Savings
Contract Consolidation
Across
Business & Supplier Subsidiaries
Opportunity Assessment
Savings
Spend with Diverse & Sustainable Suppliers
Insights
Diversity
Achieve sustainable savings and more.
Choose from 30+ opportunity and insight reports. We also enable you to identify hidden opportunities, and ensure that savings are sustainable.
Savings
Compliance
Diversity
Innovation
Payment
Mitigate Risk
Optimize payment terms and cash flow.
Drill down into your data. Discover opportunities to harmonize and negotiate vendor credit & payment terms. Inventory and SKU rationalization for enhanced cash flow.
Increase spending with diverse suppliers.
Identify and monitor spending with diverse suppliers. We enrich your data with over 10+ supplier diversity certifications including minority suppliers, women owned businesses and more.
Build Strategic Supplier Relationships.
Identify monopoly suppliers and create strategic relationships. Drill down into Tier 2 suppliers. Identify categories with single-source vendors, and mitigate risk through supplier discovery or substitute sourcing.
Track savings to bottom line.
Create savings pipeline and track savings to bottomline.
Define Savings
We help you define savings and differentiate it from cost avoidance.
Measure Savings
Measure, track and Realize Savings to the bottom line.
Working with Keolis to enhance spend visibility.
Proacure leveraged machine learning and human intelligence to collect our data, taxonomize it into our multi-tiered category structure and format it to support the identification and execution of improvement initiatives.
This was a challenging task involving collaboration with stakeholders across three Keolis entities in North America.
