The future of Ai-enabled procurement
In today’s fast-paced business world, companies are constantly looking for ways to cut costs and improve their bottom line. One area that often gets overlooked is the low hanging fruit of hidden opportunities in the context of improved spend visibility.
Mithra-Ai allows to visualize & improve your current taxonomy, enrich supplier data (parent-child) and auto-classify spend very granular in weeks to see more opportunties, with few resources from your team.
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At Mithra’s Online Summit, we want to inspire our procurement community with pragmatic ways to digitally transform the function while also focussing on cost avoidance, savings and speed-to-value.
- What do we see in the market?
- What can we do about it?
- How can it be accomplished?
Among the many opportunities procurement has, artificial intelligence (AI) should be included. Many companies have yet to start really taking advantage of what AI can offer, so we’ve made it simpler and want to inspire you with stories and insights.
September 20th 2023
Mithra-Ai was founded in 2021 by, and for procurement teams with the aim to make procurement teams stand out by taking on time-consuming, laborious (low value, high volume) tasks so that they can concentrate on making important decisions and realising value for their business.
By gathering, cleansing, merging and allocating transactional spend data to the appropriate categories, Mithra-Ai’s software enables procurement teams (with a large supply base) to achieve spend visibility much faster, more granular. With spend data that is complete, precise, and enriched it allows for the execution of new possibilities and provides buyers with better insights for negotiating and strategic planning.