Proacure Corp., is an AI procurement analytics & visibility company. 1. Strategic Spend - We will take your spend data, analyze it by category and which suppliers are you buying from and which business units are buying the item and if there is an underlying contract. The Spend Diagnostic enables to aggregate the spend across similar categories and consolidate the contracts as well. The differentiator is the taxonomy, spend categorization coverage (99%), classification accuracy, parent-child trees, for a 360-degree view. The deliverable is a data-driven plan (with actionable insights and opportunity assessment) for strategic sourcing to realize savings and reduce maverick spend. The Spend Analytics goes far beyond the usual Spend Cube to include consumption analysis, demand management, contract analytics, supplier intelligence, supply chain risk, diversity & sustainability certifications, payments, and any additional inputs required for a smarter sourcing & negotiation. 2. Tail Spend - The Solution categorizes P-card & Tail spend to aggregate with contracted spend, rationalize vendors and discover hidden savings 5-20%. It helps understand requisition patterns, segment the tail and carve out a strategy for Long tail sourcing. The deliverable is supplier rationalization (tail has 80% suppliers) and enhanced compliance. Our expertise lies in indirect categories like IT, marketing, professional services, facilities management, etc. and direct categories for pharma/biotech, chemicals/plastics, hospitality/entertainment, Insurance, Technology & Internet, transportation, etc. The team consists of US-based ex-McKinsey, BCG, GE subject matter experts with data scientists & analytics experts. Learn More about us: www.proacure.com
