VisionClerk is the fastest and most accurate way for businesses to monitor contract compliance and identify cost savings opportunities. Our platform helps users integrate spend and procurement data to find and deliver value, identifying fraudulent activity, giving a legal overview of existing contracts and uncovering opportunities for savings and risk mitigation.
Whatever the business issue or industry sector, procurement departments are required to source supplies based on the information available at the time. In our experience this data is often stored in disparate sources, requiring manual analysis to extract the insights required to make meaningful business decisions. This is a timely process and can often result in procurement lacking the necessary information to negotiate value. However, the biggest challenge is often in contract compliance once deals have been formed. It is rare to see organisations tracking contract and spend data to monitor rate dispersion, maverick spend and ensure that specific terms are adhered to. Part of the problem is that the data sources have historically been very difficult to analyse, often requiring manual data cleansing prior to analysis. At VisionClerk we’ve found a solution. Using Artificial Intelligence (AI), we’re able to structure data, ask the most relevant questions and analyse datasets with maximum precision and impact.
VisionClerk beta model being tested with select customers in the healthcare market.
Procurement and Finance Departments