Digitate, a software venture of Tata Consultancy Services (TCS), has launched ignio Cognitive Procurement to help enterprises make smarter purchase decisions and take action faster.
Global organizations with large and diverse procurement needs, can get superior outcomes by minimizing the number of purchase transactions that result in sub-optimal spend, non-compliance and processing fallouts. Traditionally, procurement organizations have tried to address this with tighter controls and regulations, which adversely impact the overall cycle time.
ignio Cognitive Procurement leverages AI/ML to bring speed and scale to this process, enabling enterprises to deeply understand procurement behavior, monitor purchase transactions in the background, and intervene when needed.
TCS is an IT services, consulting and business solutions provider that has been partnering with the world’s largest businesses in their transformation journeys for the last fifty years.