Xeeva
Xeeva is an AI-powered procurement software that automates sourcing, supplier management, contract lifecycle management, and procure-to-pay processes. It aims to optimize spending, increase efficiency, and provide visibility into the supply chain.
Xeeva: AI-Powered Procurement Software
Xeeva automates sourcing, supplier management, contract lifecycle management, and procure-to-pay processes to optimize spending, increase efficiency, and provide supply chain visibility.
What is Xeeva?
Xeeva is an end-to-end procurement software solution that leverages artificial intelligence and machine learning to automate and optimize an organization's buying processes. Some key capabilities and benefits of Xeeva include:
- AI-powered sourcing - The software scans multiple supplier databases and uses natural language processing to identify and recommend the best suppliers for specific spending categories or products. This speeds up the supplier discovery and RFx process.
- Supplier management - Xeeva offers a supplier information database with built-in risk monitoring and performance analytics to choose the right suppliers and manage relationships more effectively.
- Smart order management - Using past buying patterns and price benchmarking, the software recommends the right products, quantities and reorder times to optimize spending.
- Procure-to-pay automation - Xeeva has OCR-based invoice processing and can integrate with ERPs to enable touchless processing and payment of supplier invoices.
- Spend visibility - The software provides spend analytics dashboards to visualize spending by multiple dimensions and allow better expense control.
- Contract lifecycle management - Xeeva centralizes contract storage and leverages AI to alert buyers of contract milestones, auto-renewals, expiration dates and performance issues.
By automating repetitive buying tasks and providing intelligence for strategic decisions, Xeeva aims to increase procurement efficiency, optimize costs, and improve supply chain resilience for organizations.
Xeeva Features
Features
- AI-powered sourcing
- Supplier management
- Contract lifecycle management
- Procure-to-pay automation
Pricing
- Subscription-Based
Pros
Increased efficiency
Optimized spending
Supply chain visibility
Cons
Requires integration with existing systems
AI capabilities may be limited
Official Links
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