Increase profitability through better use of your spend data.
Incorporating machine learning for exceptionally quick and accurate analysis
By combining cutting edge AI with hands-on procurement savings initiatives, Xoomworks can help you to significantly cut your costs:
Xoomworks collate data from multiple sources, countries, languages and commodity structures.
Artificial intelligence and machine learning software detects and corrects inaccurate or incomplete spend data and format errors. It then automatically categorises into a single, unified structure and with over $1 trillion ofspend processed to date, this approach leads to exceptionally accurate spend categorisation.
Data is presented in customisable output for immediate business use, benchmarking and opportunity identification.
Xoomworks provides the procurement expertise and momentum for sourcing, cost down and category development activity.
Fuller, cleaner, more accurate and normalised data within the first few weeks rather than months or years
Xoomworks work with you to develop a plan to achieve savings, and most importantly, work with you to deliver those savings
The customised spend data classification and reporting structures are available in an easy to use drill-down format
Gain insight into your industry sectors with full benchmarking capability
and improve supplier management and contract compliance