2024 was a big year for Terzo, full of fantastic events. One of the biggest events of the year was DPW (Digital Procurement World) Conference in Amsterdam on October 8-10.
DPW is the premier conference for innovation, collaboration, and knowledge-sharing in the procurement and supply chain space. We were thrilled to showcase how Terzo’s contract and spend intelligence can help procurement leaders across the globe.
This year’s conference brought together a diverse mix of industry professionals, from start-ups to Fortune 500 companies. At our booth (all in purple), we enjoyed making new connections, reconnecting with current customers face-to-face, and sharing how our AI solutions empower procurement teams to drive smarter decision-making, improve efficiency, and drive cost optimization across their suppliers.
For the first year, Terzo sponsored the Official DPW Afterparty. Our team had a great time networking and celebrating a productive, and inspiring week at DPW. This is an event we look forward to all year and this year was one of the best.
How Terzo is changing the game for procurement officers
We believe procurement is a critical part of running a successful enterprise business. Right now,procurement teams are being asked to do more with less. We know that CFOs are prioritizing costs optimization, risk reduction and tracking every single dollar. With Terzo, procurement leaders can gain access to the data they need to accomplish more and make data-informed decisions.
Even when budgets are slashed and headcount is reduced, there are still thousands of supplier documents and invoices to manage. Terzo gives teams the power of artificial intelligence through a unique AI-as-a-Service model or what some innovators refer to as “Service-as-a-Software” to meet this demand. No more manual contract review. Our AI document intelligence saves teams time and money immediately.
Historically, procurement technology has some big gaps in functionality. For example, SAP Ariba or Coupa can’t read PDFs. If they can’t extract metadata, the critical information buried in contracts, invoices, and purchase orders has to be manually extracted and analyzed. Terzo integrates and complements systems like SAP Ariba and Coupa to manage this impossible task for procurement teams. We provide contract intelligence into all the documents and static PDFs that the legacy systems cannot.
Terzo unlocks insights into your siloed financial documents and that data can turn into impactful savings across your enterprise.
The Future of Procurement
Procurement teams are facing bigger challenges than ever. But they’re not alone, and there is hope for the future.
AI-driven procurement technology solutions like Terzo can help break down silos between departments, empowering increased collaboration across your entire enterprise. When Procurement works with Finance, IT, and Legal to create organization-wide change, everyone can benefit. Terzo supports collaboration between teams and helps each team solve unique challenges.
To learn more about leveraging the power of AI to improve your procurement strategy, reach out to the team at Terzo for a free consultation.
