Thinking Machine
www.thinkingmachine.coWe are an AI platform that helps enterprises extract quality data from their contracts and invoices to improve their global procurement strategies. We work best on the complex categories of IT (Telecom, Data Centers, Cloud Servers) where it isn't possible to extract today. This is a solution for forward looking enterprises who want to align Purchasing, Vendor Management, Finance, and Operations. We extract and connect the data from contracts and invoices, then run algorithms to automatically feed a Value Extraction framework built upon three key pillars: 1) Value Leakage 2) Contract Negotiations 3) Billing Mistakes The results are: - 20% cost savings from negotiating contracts with greater vendor intelligence and an alignment with actual business needs - 15% annual savings from optimizing the costs of existing contracts - 5% avoided costs by identifying billing mistakes All while saving thousands of hours of manual reporting and buget investigations. We can get you started with a free savings report to show you how easy it is to use.
Read moreWe are an AI platform that helps enterprises extract quality data from their contracts and invoices to improve their global procurement strategies. We work best on the complex categories of IT (Telecom, Data Centers, Cloud Servers) where it isn't possible to extract today. This is a solution for forward looking enterprises who want to align Purchasing, Vendor Management, Finance, and Operations. We extract and connect the data from contracts and invoices, then run algorithms to automatically feed a Value Extraction framework built upon three key pillars: 1) Value Leakage 2) Contract Negotiations 3) Billing Mistakes The results are: - 20% cost savings from negotiating contracts with greater vendor intelligence and an alignment with actual business needs - 15% annual savings from optimizing the costs of existing contracts - 5% avoided costs by identifying billing mistakes All while saving thousands of hours of manual reporting and buget investigations. We can get you started with a free savings report to show you how easy it is to use.
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