Actual-world pilot finds agentic AI delivers $10M in value financial savings and a pair of,000 hours per 12 months in time financial savings, whereas reinforcing the function of human experience.
Rivio, the procurement intelligence automation platform, and HEX Advisory Group, a trusted sourcing advisory, introduced a strategic partnership and the discharge of joint analysis: Benchmarking with Synthetic Intelligence: When AI Meets Actual-World Procurement Skepticism.
The analysis affords one of many first sensible assessments of agentic AI in procurement processes, grounded in operational proof fairly than theoretical modeling. Whereas many organizations assume that AI’s highest worth is to automate the analytical output of benchmarking, the analysis suggests the true worth is in lowering preparation time by 90% and rising accuracy.
The partnership compliments this discovering. Rivio’s AI procurement agent, Sheldon, is now built-in with the HEX Index®, the foremost device for correct benchmarks within the sourcing business, tightly curated by senior sourcing advisors and offering solely modern benchmark information from IT, Enterprise Course of, and World Functionality Heart transactions. Combining the 2 offers procurement groups negotiation-ready context in minutes fairly than weeks.
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“The bottleneck in benchmarking has by no means been the calculation, it’s the preparation and the provision when you actually need them,” mentioned Hala Jalwan, Co-Founder & CEO of Rivio. “Integrating Sheldon with the HEX Index® means our prospects stroll into each negotiation with a depth of market information that used to require a six-figure consulting engagement. That modifications the maths on what a procurement workforce can really accomplish.”
“The advisory business is basically modeled to profit from a dependent shopper, not an autonomous one. HEX disrupts that,” mentioned Sarthak Brahma, Founder and CEO of HEX Advisory Group. “Sheldon, powered by HEX Index®, takes that disruption to its logical conclusion placing practitioner-grade intelligence immediately into the fingers of procurement groups, on demand. Stay benchmarks on the negotiation desk, not a stale report from final quarter.”
The joint analysis is the primary in an ongoing sequence exploring how agentic AI is reshaping procurement technique and execution.
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