Xeeva files fourth technology patent as it continues to power procurement through AI

By Dale Benton
A global provider of intelligent, AI-powered procurement software continues its aggressive growth strategy with a new AI technology patent. Xeeva, rec...

A global provider of intelligent, AI-powered procurement software continues its aggressive growth strategy with a new AI technology patent.

Xeeva, recognised in the Gartner Cool Vendor 2018 list, announced in a statement this week that it has issued a new patent for its Virtual Data Manager capabilities. The solution will look to enable the rapid enrichment of data records to “improve both quality and consistency.”

Xeeva is, in its own words, “leading the next generation of procurement and sourcing software.” It works with companies from all over the world to offer full suite source-to-pay solutions that are powered by its patented AI technology. Xeeva will work to reveal “insights no other solutions can see, eliminates tactical and tedious procurement tasks, and generates immediate bottom-line value.”
 

Related stories:

Six ways in which Artificial Intelligence brings value to Contract Lifecycle Management

SAP Ariba, Coupa and Zycus named "leaders" in contract lifecycle management (CLM), report finds

Blockchain, AI and supplier growth: Tradeshift continues major growth journey

 

The latest patent is the fourth within Xeeva’s product portfolio since being founded back in 2014. Along this growth journey, the company has been recognised as a Gartner Cool Vendor in Procure-to-Pay applications, Innovative Procurement technology of the Year, and Outstanding Solution Provider as well as many other accolades.

“It’s exciting to see our world-leading procurement software evolve as we add even more advanced technology into our product suite,” said Dilip Dubey, CEO and Founder of Xeeva. “Our growing list of AI patents highlights how innovative our solution is and how its capable of delivering incredible results for our customers.”

Share

Featured Articles

IBM CSCO & COO survey shows tech & sustainability key areas

IMB Institute for Business Value (IBV) study surveyed 1,500 CSCOs and COOs, and they are ramping-up investment in automation, AI and sustainability

Suppeco and Market Dojo partner on e-sourcing solution

Supplier relationships platform Suppeco & digitised procurement solution Market Dojo join forces to provide embedded on-demand e-sourcing service

Pitney Bowes Index shows China breaks 100bn parcels barrier

Latest Pitney Bowes Parcel Shipping Index Global shows parcel volume hit 159bn in 2021, or 5,000 parcels per second, with total carrier revenue of $491.5bn

CPG packaging supply problems sees Lidl buy paper mill

Supply Chain Risk Management

CPG & retail IT talent quest 'is driving tech investment'

Digital Supply Chain

Value chain, tech, logistics and procurement news round-up

Technology