Aerchain: Revolutionizing your Procurement
Procurement has long been a vital part of a business’s value stream and an important aspect of business growth and competition. Procurement, much like other areas of business, has been undergoing a massive shift towards increased digitisation and automation. Automation of supply chain management and procurement functions can help an organisation grow, spend less, and save on manual work while avoiding human errors. At the forefront of this rapid digitisation is Aerchain, an AI-driven Source-to-Pay platform that focuses on improving efficiency, enabling savings, making businesses compliant, and improving collaboration between various stakeholders.Aerchain offers procurement solutions to enterprises via a modular source-to-pay platform. Aerchain features several key modules including cognitive sourcing, smart contract management, e-procurement, tail end spend automation, AI-powered analytics, and deep learning-powered invoicing automation that gives them and their clients a competitive edge.
Seamless and Intelligent Features To Drive Efficiency
Among their many features, Aerchain provides a few distinct modules that set them apart from the crowd. Aerchain drives automation with their tail end spend automation module that takes in requirements via a chatbot, processes them against past data to identify the correct buying channels, negotiates with suppliers, and processes all the way to invoice automation and supplier payments. This seamless automation results in up to 15% hard cash saving.
Aerchain also improves transparency in enterprises with its unique vendor portal. The vendor portal gives visibility to vendors at the convenience of a mobile. It shows POs, contracts, and other key information. Most importantly, it automates query management to provide real-time support to vendors through Vendor Support Bot. 70-80% of vendor queries can be automated this way which improves efficiency and builds trust with vendors.
Invoice automation is another standout feature from Aerchain. This feature uses deep learning to extract data from any invoice format and create an e-invoice and match this against POs & GRN with no manual intervention needed. If there is a dispute or disagreement, Aerchain will root it back to the system's corresponding workflows. Aerchain has achieved 80-90% touchless invoice automation which makes the process free of manual errors and compliant with regulations. Automation also reduces the cost of invoice processing by 70%.
Easy, Efficient, And Transparent Procurement Across Industries
Aerchain is a horizontal platform with a highly configurable productfirst approach and they serve clients in industries such as F&B, healthcare, pharmaceuticals, manufacturing, construction, and many more. Their global clients include AB InBev, WeWork, IndiQube, PNC Infratech, Manjushree Technopack, TTK Prestige, Colive & many more.
Aerchain has a proven record of impressive KPIs including helping their clients achieve savings of up to 20% when using e-sourcing and e-auctioning modules, up to 15% of hard cash savings, up to 60% efficiency gains, and 70% reduction in invoice processing costs.
Their competitive edge is strengthened with data-backed automation which allows for the ability to work with unstructured data. Their product-first approach also lends itself to being very userfriendly with an Invisible interface and simple UI/UX enabling faster change management with NLP at the core of many functions.
"Future of Procurement is going to be re-defined by the use of Artificial Intelligence. Leveraging the same, we have built our product to take technology to the existing platforms like mail, excel, WhatsApp to ensure 100% adoption & seamless change management" says Harsha Kadimisetty, CEO & Co-founder, Aerchain.
Easy, Efficient, And Transparent Procurement Across Industries
Aerchain is a horizontal platform with a highly configurable productfirst approach and they serve clients in industries such as F&B, healthcare, pharmaceuticals, manufacturing, construction, and many more. Their global clients include AB InBev, WeWork, IndiQube, PNC Infratech, Manjushree Technopack, TTK Prestige, Colive & many more.
Invoice automation is another standout feature from Aerchain
Aerchain has a proven record of impressive KPIs including helping their clients achieve savings of up to 20% when using e-sourcing and e-auctioning modules, up to 15% of hard cash savings, up to 60% efficiency gains, and 70% reduction in invoice processing costs.
Their competitive edge is strengthened with data-backed automation which allows for the ability to work with unstructured data. Their product-first approach also lends itself to being very userfriendly with an Invisible interface and simple UI/UX enabling faster change management with NLP at the core of many functions.
"Future of Procurement is going to be re-defined by the use of Artificial Intelligence. Leveraging the same, we have built our product to take technology to the existing platforms like mail, excel, WhatsApp to ensure 100% adoption & seamless change management" says Harsha Kadimisetty, CEO & Co-founder, Aerchain.
