Tonkean ProcurementGPT fully automates all tail-spend processing (“three bids and a buy”) by automatically identifying appropriate purchase categories, analyzing vendors’ websites, extracting their benefits and capabilities, suggesting alternatives, and generating RFI/RFPs—ultimately reducing unnecessary spend.
Procurement teams are in desperate need of a better and more efficient way to intake, triage, and coordinate responses to unstructured inbound requests.
An excellent example of a process procurement teams need help with is tail spend.
Most organizations have strict processes in place to govern and facilitate tail-spend buying experiences. The problem is, often these processes require employees to perform a lot of manual work. To abide by tail-spend buying processes, for example, employees often have to:
This is inefficient and unenjoyable for employees—driving them to circumvent the process entirely—as it proves unreliable and risky for procurement teams.
Tonkean's process experience and no-code automation software, coupled with the language learning power of GPT, allows procurement teams to fundamentally transform their guided-buying experiences and tail-spend processes. For example, procurement teams can use Tonkean to fully automate all tail-spend processing (“3 Bids and a Buy”). Here's how.
Tonkean Procurement GPT works, in other words, not only to save time for procurement teams and for employees, but to actively reduce spend.
Benefits extend far beyond efficiency or performance. With Tonkean, you can wrap GPT-3 around every single process you run. You can trigger flows based on entity values or changes, and incorporate data from these entities into your workflow. Automate actions such as creating or updating any entity as well as any of the listed actions. Oh, and anyone can use Tonkean's OpenAI GPT-3 integration to accomplish these things because Tonkean's interface is 100% no-code.