For Procurement & Finance

Surface Hidden Cost Savings Automatically.

We help Procurement & Finance eliminate wasted spend by extracting in-depth granular spend data from Page 2+ of every invoice and contract.

Trusted All Over the World

You can't manage what you can't see

Incomplete and unreliable data consistently undermines your cost-saving efforts. Much of the data you have available to deliver cost savings is incomplete, dirty, and unreliable. 

The current state of solutions today only add to this problem.

  • Spend Analytics

    Today's solutions are all built on transactional data from Accounts Payable systems. This provides at best a summary of your spend.

  • Purchase Orders

    Provide a limited glimpse at inventory-level data over a limited number of spend categories

  • Manual Reports

    Generated by vendors and internal stakeholders raise more questions than they answer

  • Expense Management Platforms

    Specialize in complex categories like Logistics & Utilities but are locked to those categories

You Know You Have A Data Problem When Your Cost Saving Strategies Keep Running Into Implementation Roadblocks:

  • Pushback From Internal Stakeholders
  • Difficulty Aligning With Vendors
  • Results Are Just… Inconsistent

We help you take Invoices & Contracts from PDFs to Intelligence so you can influence all areas of Spend

Control all areas of Spend

With in-depth catalogues and inventories reconciled to consumption, SLAs, and pricing.

Enrich & Reconcile Data from Anywhere

Transform disparate and messy data into a golden source of record.

Automated Cost Saving Analytics

Automatically identify refundable billing errors and opportunities to optimize spend.

We built the system completely in-house to bring you state-of-the-art performance in each module

Document Automation

Extract and structure in-depth data for financial analyses from any document

Taxonomy Management

Automate the hardest parts of setting up and mapping taxonomies. Create your own or use our taxonomies specialized for cost optimization analytics

Invoice Line Item Extraction

99.5% accurate over any document complexity, format, and language

Contract AI

Automate key procurement metadata extraction. Answer any question with supporting evidence in real-time

Technology Expense Management

Automate cost center allocation and expense management reports over Cloud, SaaS, Telecom, IT services

Contract-to-Bill Audits

Automate in-depth audits at the product / SKU level. Configurable for complex pricing and rating algorithms

Inventory Mapping

Enrich and reconcile inventory data from documents, reports, and ERP/CRM data

Enhanced Spend Analytics

Add 7 new levels of depth to your spend analytics. Map 100% of spend to services, products, prices, consumption, and SLAs

The data you need to deliver on key initiatives. Always On. Always Available.



Tangible value generated for our customers

$2B
spend reconciled into service inventories and product catalogues
$50m+
in annualized savings
70%+
performance improvement delivering savings
How it Works
Edit

Import Documents from Anywhere, in Any Format.

Connect your Email inbox. Integrate your SharePoint, ERP or CRM. Drag-and-drop manually. Wherever your documents are, in any format or language, we’ll handle the rest.

Edit

Our AI platform automatically identifies savings opportunities for you from hidden expenses.

What we find for you:

Internal saving opportunities from existing contracts
Benchmarking data to support future negotiations

Edit

Our platform creates analytics dashboards for you - use it out-of-the-box or customize it to your needs

These analytics connect detailed data about your vendors, services, and products from any geography and language. This is your key for automating the creation of complicated report building, and achieving transformation in your global workflows.

Edit

Implement saving opportunities within your business, or we can help you do it.

Our platform provides you all the detailed information and context needed to empower internal teams to work together and implement opportunities.

We also offer managed customer success packages if you want a helping hand.

"I use Thinking Machine daily to quickly answer the questions I need.... but it's especially when I have a project involving complex supplier data that I'm so happy to have Thinking Machine on my side. My stakeholders think I have superpowers!"

Procurement Analytics Manager, Redcentric

TMS

TMS is an AI company that creates cost savings from Telecom expenses.

Solutions

Subscribe for Exclusive Offers