Axtom Technologies
Axtom has developed a proprietary approach to perform spend analysis and direct multi-round negotiations with suppliers using automation and AI. Clients are using the technology today for indirect spend and large-volume consumables procurement.
Axtom frees up resources churning on management of small suppliers, and/or restores control over suppliers who have become neglected. Axtom can complete a spend analysis, set targets, and engage suppliers to begin negotiating within minutes.
By enabling companies to increase the scope of smaller suppliers it engages with, Axtom provides greater visibility into costs and trends, also helps companies mitigate inflation by automating and improving negotiations with suppliers. Mitigating inflation and direct savings can be between 7% to 12%.