AI-powered Corporate
Travel & Expense Sourcing
Optimise your sourcing using a complete view of your T&E Spend, coupled with market insights and AI-powered analytics
PredictX enables you to find and action sourcing opportunities in all categories and across all data sources in your program. Our AI-centric approach enables you to go beyond single-channel spend visibility and manage all T&E data from a single, 360-degree view of activity. With our analytical approach, you can quickly manage existing, and find alternative suppliers, see the right strategies, and exercise opportunities based on holistic, accurate data.
Key Features:
Single source of truth - all suppliers for all categories in one place. Go beyond single-channel spend visibility
The true reflection of reality that enables you to demonstrate your value to your suppliers.
Comparative data across all categories - market share data calculated at the micro level with effects summed up to the macro.
Data presented in the way your business views it - spend aligned with your and markets, haul types, policies and business units.
Sourcing challenges that we are solving :
Data split between multiple providers - for example, most hotel sourcing programs that we see are based on a program that is missing 40% of the activity.
Lack of visibility into contract effectiveness - once a contract is signed, most analytics is forgotten about - but in the real world, the best strategy is constantly shifting.
Data quality issues - from supplier fragmentation to air travel in the wrong class, data quality issues in T&E are rife.
Data wrangling - sourcing managers in T&E spend more time than any other doing data wrangling - before they even get to a supplier meeting.
Data wrangling - sourcing managers in T&E spend more time than any other doing data wrangling - before they even get to a supplier meeting.
How it works:
Data ingestion:
We ingest 200+ travel and expense data sources,
validate them based on ML models, cleanse and consolidate the data lake.
Supplier Analysis:
We provide a full supplier view, including preferred statuses, actual paid rates, variances, demand trends, and travel pattern changes.
Market Analysis:
We perform market share analysis, comparisons to current and proposed contracts with detailed data focusing on classes of service/tiers, brand/supplier(chain), alliances and more.
Customisations:
We provide customisations for client regions, haul-types, and specific supplier relationships.
Actionable insights:
We provide reliable and accurate segment data,
taking advantage of the PredictX knowledge engine
and data lake.