Keelvar Unveils Autonomous Sourcing Solution for 360 spend

Keelvar Unveils Autonomous Sourcing Solution for 360 spend
Keelvar Launches next-gen autonomous sourcing solution for cross-cycle spend optimisation and automation

Keelvar has unveiled its newest solution for transforming sourcing processes: the next-generation Autonomous Sourcing solution. As a global pioneer in intelligent sourcing optimisation and automation solutions, Keelvar has combined its Autonomous Sourcing solution with its Sourcing Optimisation platform to provide businesses with a revolutionary approach to sourcing.

Keelvar is the only provider in the market to offer optimisation and automation in one easy-to-use tool for sourcing across the full spend lifecycle – from strategic to tail – without requiring any prior sourcing experience or training.

The current marketplace demands that procurement teams complete tasks with faster turnaround times and with fewer resources. Keelvar understands this challenge and has created a solution that addresses the shortcomings of legacy sourcing applications. Keelvar's Autonomous Sourcing solution empowers business users to manage frequent spot bids and low-spend events themselves, while its Sourcing Optimiser streamlines complex and large tenders through intelligent recommendations and analysis for human action.

According to Keelvar's 2023 Voices of Sourcing Report, 89% of sourcing professionals are relying on automation to reduce manual tasks and cut costs. Keelvar's Autonomous Sourcing solution meets this demand by leveraging category-specific bots to fully automate workflows around supplier invitation and bid monitoring. This solution reduces tactical workload by up to 90% and costs by up to 25%.

Keelvar's customers include leading enterprises such as Coca-Cola, Mars, and Siemens, which are using the Autonomous Sourcing solution to fuel better decisions, reduce maverick spend, improve supplier relationships and generate cost savings.

Alan Smith, Procurement Director of Global Logistics (CEPG) at Coca-Cola, states that "as one of the early adopters of Keelvar's AI sourcing solution, it's been groundbreaking for us in the Coca-Cola system."

Keelvar's Autonomous Sourcing solution reaffirms its vision of making frictionless, no-code automation available to all, from large enterprises to mid-market businesses.

It has already gained cross-industry recognition as a groundbreaking approach to sourcing that combines automation and optimisation into one easy-to-use tool, as it has the power to address the challenges of legacy sourcing applications by empowering business users to manage frequent spot bids and low-spend events themselves - all while streamlining complex and large tenders through intelligent recommendations and analysis for human action.

With the demand for automation in procurement increasing, Keelvar's solution meets the needs of sourcing professionals by reducing tactical workload and costs while improving decision-making, reducing maverick spend, improving supplier relationships and generating cost savings.

In summary, Keelvar's customers, including leading enterprises such as Coca-Cola, Mars, and Siemens have already seen groundbreaking results. The importance of Keelvar's Autonomous Sourcing solution for procurement cannot be overstated, as it enables frictionless, no-code automation for businesses of all sizes. By embracing this next-generation solution, procurement professionals can take their sourcing processes to the next level and drive better outcomes for their organisations.

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