are you ready for robots in procurement? · 2017. 3. 13. · review automation supplier management...

Are You Ready for Robots in

Procurement?

BB&T

Rohan RanadiveSVP, EVM Program Group Manager

EdgeVerve Systems Limited

Nitesh BangaSenior VP – Client Services

sig.org/summit

2 © 2017 EdgeVerve Systems Limited External Confidential

The Future of Procurement

Are you ready for

Robots in Procurement?

15 March, 2017 – SIG Global Summit


Speakers

Nitesh Banga

Senior Vice-president and the Global Head of Sales,

EdgeVerve (An Infosys Company)

Rohan Ranadive

SVP and Third Party Program Group Manager,

BB&T


Company Background

EdgeVerve Systems, a wholly-owned subsidiary of Infosys, develops

innovative software products and offers them on premise or as cloud-hosted

business platforms. Our flagship procurement automation platform enables

continuous value discovery and savings realization across the Source to Pay

cycle through automation.

BB&T is one of the largest financial services holding companies in the U.S.

with $222.6 billion in assets and market capitalization of $30.6 billion. Based in

Winston-Salem, N.C., the company operates 2,220 financial centers in 15

states and Washington, D.C., and offers a full range of consumer and

commercial banking, securities brokerage, asset management, mortgage and

insurance products and services.


Agenda

• Evolution of Procurement technology

• Vision for the Cognitive future of Procurement

• Live demo of a Procurement Chatbot

• Automation and AI across Source to Pay

• A Buy-side perspective – Preparing for the future of

procurement technology

• Overview of Procurement Automation


Evolution of Procurement technology

Today

Au

tom

atio

n /

Bu

sin

ess

Val

ue

ERP

ProcurementeProcurement

Self Service

Procurement

Robotic

AutomationCognitive Automation


Vision for the Cognitive future of Procurement

Zero UI

Procurement:

Chat or email

based

Chat-based

Analytics

Hyper-

automation of

Spend

Classification

AI-based auto classification >95% Accuracy

Machine-learning to deriveclassification rules from data

Real-time classification – PO raised / Invoice received

Predictive to

Prescriptive

Analytics

Convergence of Internal and External Inputs

Predicting potential scenarios of overruns, disruptions

Combining with aggregatedknowledge to prescribe responses


Demo: Taking the grind out of

Procurement


Have you thought about applying RPA

or AI to Source to Pay processes?

Poll


Applying Automation and AI to Source to Pay

• Rfx Award

Analyzer

• Rfx Response

Scoring

• Rfx Template

Standardization

• PR to PO

Automation

• Invoice Digitization

• Candidate Ranking

• Cognitive Hiring

Manager

• Contract

Digitization

• Contract Template

Standardization

• Market/Rate Intelligence

• Contract Compliance

• Budget Compliance

• Cost code validation

• Requisition Automation

• FFT Automation

• PO Closure

• PO Management

Workflow

• Convert frequent CW

requirements into

catalog

• Tax code

suggestion

• Payment Optimizer

• Flagging Based on

Exception Trend

• Contract Compliance

• Budget Compliance

• Duplicate Payment

check

• Cost code validation

• Early Pay Discount/Late

Pay penalty analyzer

• Invoice Entry

• Invoice Workflow

• Invoice Process

Follow-up

• Template Selection

• Contract workflow

• Flip Contract to

Catalog

• Contract Risk

Analyzer

• Recommended

auto-approval

thresholds

• RFx Questionnaire

Consolidation

• RFx Cost Sheet

Consolidation

• Template Selection

• Data aggregation

• Sourcing workflow

• Certificate expiry

check

• Supplier Performance

Scorecard

• Supplier management

workflows

• Catalog upload and

review automation

Supplier

ManagementSource Contract Procure Settle

Knowledge Driven

Automation

(PI + MANA)

Data Driven Automation

(PI)

Process Automation

(RPA)

Valu

e

Am

plifi

cati

on

Valu

e

Gen

era

tio

n

Co

st

Red

ucti

on

• Market Intelligence

based price indexing

• SLA / Performance

Prediction


How do you prepare yourself for this

future of Procurement technology?

Buy-side perspective


Preparing yourself for this future

Executive Commitment

IT + Business Alignment

Expectations

Clear Roadmap / Quick Wins

Measures of Success

Right Partner – Technology + Services


Overview: Procurement Automation

Sourcing Specialists

Contract Management Users

Buyers

ERP 1 ERP n eProc 1 eProc n

User Group: Users across the Source to Pay spectrumUser-centric solution definition and design

Superlative Buying Experience: Chat, Voice, GUIIntelligence, Pattern Recognition, Rich & Real

Visual Process Orchestration: Pre-configured domain ontology, Drag & Drop modifications

Micro-bots: Process, Lookup, Data Entry, Data Query, Email, etc.

Adaptors: API, Screen-scraping, File extracts

Systems of Record: Multiple underlying ERPs or eProcurement Systems


© 2017 EdgeVerve Systems Limited (a fully owned Infosys subsidiary), Bangalore, India. All Rights Reserved. This documentation is the sole property of EdgeVerve Systems Limited (“EdgeVerve”). EdgeVerve believes the

information in this document or page is accurate as of its publication date; such information is subject to change without notice. EdgeVerve acknowledges the proprietary rights of other companies to the trademarks, product

names and such other intellectual property rights mentioned in this document. This document is not for general distribution and is meant for use solely by the person or entity that it has been specifically issued to and can be

used for the sole purpose it is intended to be used for as communicated by EdgeVerve in writing. Except as expressly permitted by EdgeVerve in writing, neither this documentation nor any part of it may be reproduced,

stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, printing, photocopying, recording or otherwise, without the prior written permission of EdgeVerve and/ or any named

intellectual property rights holders under this document.

Nitesh Banga – [email protected]

Rohan Ranadive - [email protected]

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EdgeVerve Systems Limited

Nitesh Banga

[email protected]

BB&T

Rohan Ranadive

[email protected]

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are you ready for robots in procurement? · 2017. 3. 13. · review automation supplier management...

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