Agiloft, the global standard in contract and commerce lifecycle management (CCLM), and Xeeva, a global provider of AI-powered specialized procurement software, announced they have forged a strategic partnership to provide a fully integrated source-to-contract experience for enterprise customers.
Industry analysts have endorsed the significant value customers gain from Agiloft’s CCLM suite. With this partnership, customers will now be able to leverage those strengths in the context of Xeeva’s source-to-pay solution and achieve improved ROI outcomes. The integrated solution offers customers in the industrial manufacturing and automotive industries the opportunity to rapidly improve their contract management process by containing exposure, controlling leakage, and driving their enterprise to improved levels of global procurement performance.
Xeeva’s AI-driven Visibility Results, Sourcing Results, and Procurement Results solutions solve real-world source-to-pay challenges and help organizations realize unprecedented savings and efficiency. Supporting 18 languages and used in over 45 countries, the Xeeva platform is uniquely built with patented AI at its core, which is integrated throughout the entire suite to drive quantifiably superior results across organizations.
Agiloft’s Spring 2019 release marked a pivotal moment for the no-code platform, as it announced the Agiloft AI Core, which will enable a host of new functionality, provide an immediate positive impact on user experience, and allow customers to add prebuilt models as well as build custom AI tools. This strategic partnership with Xeeva will further Agiloft’s AI strategy, as both companies are championing intelligent, automated technology that helps businesses solve procurement and sourcing challenges.
“Combining Xeeva’s patented AI procurement software with Agiloft’s market-leading CCLM solution will bring significant value and savings to our customers,” said Vikas Shah, Senior Vice President of Product and Business Development at Xeeva. “We are excited to partner with Agiloft and look forward to working with them to continue jointly developing AI-powered procurement and commerce technology.”