Procurement Software Company Xeeva Announces Receipt of Multiple AI Technology Patents
Patents Cover Unique “Imperfect” Data Management Technology Platform to Help Procurement Organizations Structure Data, Drive Results, and Reveal Savings
MADISON HEIGHTS, MI, September 13, 2017 – Xeeva, Inc., a global provider of intelligent procurement software and strategic sourcing solutions announced recently the issuance of multiple patents, including US9665628 B1 and US9740979 B2, for its Virtual Data Manager and Virtual Catalog Manager capabilities. The patents cover techniques for rapidly classifying and enriching data records to improve data quality and consistency.
The Virtual Data Manager takes bad or “imperfect” data that is unstructured and fragmented across various systems and quickly cleanses and categorizes that data to provide a complete view of an organization’s spend data. By performing the heavy lifting for customers, this technology delivers detailed and granular visibility into spend, identifying immediate savings opportunities, and doing it more rapidly than using traditional methods and tools.
Building off of the work done by the Virtual Data Manager, the Virtual Catalog Manager converts the outcomes from strategic sourcing initiatives into immediately usable catalog items that seed Xeeva’s e-procurement solution right from the start. Converting negotiated savings into a catalog that requisitioners can order from ensures that hard fought sourcing battles translate directly into realized savings.
“These patents serve as additional validation of our differentiated technology that creates massive savings and hyper-efficiency in the procurement and sourcing functions,” stated Dilip Dubey, Chief Executive Officer at Xeeva. “With the addition of our unique procurement software, organizations are saving time and money, and can now identify opportunities that were completely hidden before. This technology changes the game completely.”
To learn more about Xeeva’s patented technology, visit www.xeeva.com.
Founded in 2014, Xeeva is a global provider of intelligent cloud-based procurement software and financial solutions for indirect spend and MRO. Used in over 45 countries and available in 18 languages, their software suite automates the source-to-pay process with open communication for e-invoicing, procurement, and sourcing. Xeeva’s innovative and patented technology is driven by advanced artificial intelligence and simplifies the procure-to-pay process with a focus on driving results – leading to increased productivity, improved compliance and control, and a sustainable bottom line impact. For more information, visit www.xeeva.com.
Marissa Bialick, Marketing Manager