CherryRoad and ElectrifAi partner up to benefit all NASPO members

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CherryRoad enhances the value of the cloud solutions being leveraged by NASPO members. Whether your organization is transitioning to the cloud to accelerate innovation, extract data driven insights to optimize decision making, or transform your work processes—you often need assistance.

ElectrifAi’s partnership with CherryRoad amplifies our ability to provide truly innovative technology solutions to NASPO members and continue to be your strategic partner offering the ProcurementAi suite.

ProcurementAi organizes and delivers the information you need from spend and contract data

State government organizations are adopting innovative technologies faster than ever before, driven by the need for better procurement visibility, streamlined processes and automation.

ProcurementAi augments contract professionals—allowing them to easily obtain the information they require from controls and spend data—so you can focus more time on high value work. Leveraging advanced machine learning technology, ProcurementAi supports organizational transformation by providing faster, more efficient insights into data.

State government purchasing professionals receive the actionable insights needed to become strategic leaders. Agency secretaries and department commissioners achieve their transparency and compliance objectives through deeper insights and enhanced reporting capabilities.

ProcurementAi unlocks the value of data to realize your procurement priorities:

  • Improve efficiency and effectiveness within the purchasing office to deliver value to agencies and taxpayers.
  • Ability to integrate with legacy systems and intake multiple data channels regardless of data quality.
  • Monitor compliance with an easy view of contracts.
  • Maximize adherence to contractual terms.
  • Increase reporting capabilities to ensure compliance with Minority Business Enterprise, Women Owned Business Enterprise, and other specialty designations.
  • Organize and visualize data to create insights.
  • Track and measure performance.
  • Increased agility within the purchasing cycle.

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ProcurementAi combines the power of SpendAi and ContractAi

SpendAi module leverages the power of machine learning to identify spend patterns
and savings opportunities with greater accuracy than other solutions—in order
to provide an up-to-date visualization on organizational spend.

ContractAi module reads and understands contractual language and clauses that are
all-too-often inaccessible, in order to provide greater visibility into supplier relationships and uncover hidden risks.

Leverage advanced data science technology

  • A unified data model enables fast setup and rapid analysis. The agile
    architecture facilitates quick and autonomous implementation, scalable
    services and seamless service updates.
  • Unique combination of optical character recognition (OCR) technology and
    machine learning increases accuracy and lowers review times.
  • Deep learning-based solution utilizes convolutional neural network (CNN)
    and natural language processing (NLP) to extract clause and contract
    information that otherwise requires time-consuming legal review.

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Security

ElectrifAi adopts industry best practices to protect critical business assets and data against unauthorized or unwanted use, and data corruption or destruction.