AI PROCUREMENT2018-06-25T14:45:09+00:00

PROCUREMENT MARKETPLACE

The challenge Procurement organisations often face is gaining control over multiple initiatives, distributed stakeholders and complex tools that complicate efforts to drive savings and efficiencies. Scopeworker Procurement automates true optimisation of suppliers, sub-vendors and workers across an unlimited number of procurement events with no human touchpoint.

Scopeworker’s cognitive Procurement goes beyond legacy ERP sourcing software; Scopeworker real-time tracks the deliverable’s true cost, quality and timeline throughout the end-to-end business process lifecycle. This enables auto-ranking of awards for future, automated sourcing and optimises all efficiencies in the automated, recursive proxacurement cycle.

The challenge Procurement organisations often face is gaining control over multiple initiatives, distributed stakeholders and complex tools that complicate efforts to drive savings and efficiencies. Scopeworker Procurement automates true optimisation of suppliers, sub-vendors and workers across an unlimited number of procurement events with no human touchpoint.

Scopeworker’s cognitive Procurement goes beyond legacy ERP sourcing software; Scopeworker real-time tracks the deliverable’s true cost, quality and timeline throughout the end-to-end business process lifecycle. This enables auto-ranking of awards for future, automated sourcing and optimises all efficiencies in the automated, recursive proxacurement cycle.

PROCUREMENT

COST EFFICIENCY

Sourcing events generate measurable business value when you create a transparent, integrated approach to managing spend. Scopeworker Procurement helps close the loop by integrating Sourcing into Procurement and extending it to an automated, day-to-day cognitive management of AP, AR, CLM, orders, suppliers, workers and measured deliverable.

TIME EFFICIENCY

Scopeworker’s cognitive Procurement goes beyond legacy ERP sourcing software by real-time tracking the deliverables true cost, quality and time throughout the end-to-end business process lifecycle. This enables auto-ranking of suppliers for future, automated sourcing and optimizes all efficiencies in the automated, recursive procurement cycle.

QUALITY EFFICIENCY

No human touch-points means the best decision is automated every time based upon historical and real-time data.

SCALE EFFICIENCY

Touchless procurement provides significant scalability.  With Scopewoker’s automated procurement stakeholders engage more strategically, at any scale, with Artificial Intelligence Analytics and interactive Business Intelligence Dashboards to create profit.

FRICTIONLESS FINTECH

COST EFFICIENCY

Scopeworker’s touchless AP and AR aligns goods and services with orders, receipts and supplier SLAs between all stakeholders layers (buyer, supplier, sub-vendor and worker). Finance departments now gain greater control and transparency over larger volumes. Scopeworker Fintech pulls metadata from the end-to-end business lifecycle to seamlessly integrate AP and AR with invoice management, Procurement and supplier SLA’s. Traditionally manual functions are automated, cycles are instant and Finance Departments now focus on exceptions.

TIME EFFICIENCY

End-to-end touchless financial workflows are automated in real-time. As our the real-time integrations with ERPs and DBs.

QUALITY EFFICIENCY

Financial compliance requires centralized control with decentralized execution. Scopeworker Fintech enables this. The platform yields business agility, informed purchasing and process efficiency, whilst providing financial oversight and Sarbanes-Oxley audit-ability

SCALE EFFICIENCY

Touchless automation enables unlimited scalability.  Stakeholders can control financial items that require manual review with buyer defined settings which may be set globally or at a commodity level. Scopeworker’s predictive analytics anticipate non-matching algorithms (e.g. invoices), flag them and then route them to financial depertments for instant review and resolution.

BIDDING

COST EFFICIENCY

A smart way to increase profits is to make procurement savings. Scopeworker’s suite of programmatic bidding tools enable both buyers and suppliers to adjust bids at anytime at the touch of button.  These include:

1.  Supplier Discounts Against Catalogs
2. Buyer Surge Pricing Against Catalogs
3. Spot Reverse Auctions
4. Grouped Award (Geography & Scope)
5. Time Sensitive Nearest Supplier Award

TIME EFFICIENCY

Supplier-led discounts are automated in real-time with no buyer-side human interaction to slow down workflow. Supplier’s real-time discounting is the only guaranteed way a buyer can know they have the best market price. Suppliers increase revenue. Buyers increase profit.

QUALITY EFFICIENCY

Scopeworker’s bidding algorithms are automatically updated against a matrix of historical and real time metadata. Scopeworker’s automated integration into legacy ERP’s and databases follows existing workflow rules.

SCALE EFFICIENCY

Automation enables unlimited pricing adjustments with unlimited suppliers. For discounts buyer side of the process is touchless; no action is required at any point..

SCOPEWORKER

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