The Portuguese start-up has an experienced team combining research and management skills in:
- Statistics, data analytics and big data
- Econometrics and forecasting
- Optimization and mathematical algorithms
- Machine learning, artificial intelligence, neural networks and deep learning
- Computer vision and speech recognition
- Web and mobile development
The offer is a B2B cloud-based platform for improving efficiency and optimising companies’ procurement processes. It consists of a digital platform for centralizing, optimizing, negotiating, and monitoring the procurement system enabling buyers to consult with an infinite number of potential suppliers according to their needs.
Their proprietary algorithm calculates the optimal solution on the best prices, quantities, incremental discounts and supplier credit quality using AI (Artificial Intelligence) to minimize purchasing costs and complexity.
This is achieved through an integrated process of data import, processing, optimization, and export of results for web, mobile or desktop use.
Today there are some purchasing and e-commerce platforms between companies (B2B) that involve the purchase of one (or more) product(s) from the seller who offers the respective lowest unit price and, in some cases, satisfies the purchaser’s requirements (for example, the quality of the product, the delivery term, the service, among others).
The “state of the art” does not comprise any platform or digital system of corporate purchases, based on a mathematical optimization model, that can determine the optimal purchase – one that minimizes the total acquisition cost of multiple goods and services – in view of the extensive constraints imposed by the purchaser and by the supplier. These constraints relate to price, quantities, discounts, and supplier rating, including incremental quantity discounts and staggered discounts on total purchase value, financial discounts and other valuation premiums or exclusion of products and/or suppliers.
This Procurement Platform enables a purchaser to centralize, negotiate and optimize the purchase of multiple (an extended number of) products from (an extended number of) multiple suppliers to satisfy all the functional constraints described above.
The platform allows clients to reduce their procurement costs by more than 20% on average and it is present in several business areas such as:
• Health and Pharmaceutical
• Food and Drink
• Public Administration
• Tourism and Leisure
• Banking and Insurance
• Construction and Building services
The system is equipped with a multi-language tool (ex: English, Spanish, French and Portuguese) and it is already available with an ERP integration version.
As they have already implemented the solution in the Portuguese market with successful results, they are now looking for international partners interested to support the launch of the platform in other markets, through commercial agreements with technical assistance.
They are also willing to discuss other types of collaboration such a joint venture or financial agreement.
