Spend Analytics version 14.1 features Intelligent Opportunities as part of Xeeva’s commitment to Better Data, Better Insights, and Better outcomes. Xeeva continues to utilize intelligence throughout the procurement process. With our upcoming release of Xeeva Spend Analytics, customers will see AI/ML computed sourcing opportunities. When spend data is curated after each data refresh, our machine learning algorithms generate hundreds of category-based sourcing opportunities. Each opportunity: Displays an estimated savings amount Is ranked and scored This allows users...
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Xeeva, a provider of sourcing and procurement software, received another patent related to data management that uses artificial intelligence, the Michigan-based company said in a recent announcement.
The procurement and sourcing software firm Xeeva has announced an investment of more than $40mn led by PeakEquity Partners that it says will promote AI as “the future of procurement”.