The AI powered procurement solution has resulted in reducing the number of repeat purchases and improvements in the overall reporting accuracy and compliance standard for TCL.
Digitate, a leading global SaaS provider of AIOps solutions, has announced the successful implementation and go-live of its AI-powered spend intelligence solution with Tata Chemicals Ltd. (TCL), a global chemicals company. This collaboration marks a significant leap forward in intelligent procurement, enabling near real-time spend classification, optimization, and monitoring for enterprise-grade operations.
The partnership between TCL and Digitate was a deep and extensive one, beginning at the very early stages of concept development and product definition. Both teams collaborated closely, leveraging subject matter expertise, early prototyping, and prioritizing TCL’s specific requirements. This symbiotic relationship proved instrumental in developing a solution that directly addressed TCL’s needs, leading to tangible benefits such as a reduction in repeat purchases and marked improvements in overall reporting accuracy and compliance standards for the chemical giant.
Digitate’s ignio™ Cognitive Procurement solution harnesses advanced artificial intelligence to transform how organizations manage and optimize their spend. By integrating AI-driven spend classification, AI-based spend optimization insights, and continuous spend monitoring for compliance, the solution seamlessly integrates with TCL’s deep domain knowledge. This comprehensive approach empowers organizations to enhance their procurement processes and ensure robust compliance.
The key features of ignio™ Cognitive Procurement provides TCL with unprecedented visibility into their spending patterns. This enhanced visibility is crucial for identifying cost-saving opportunities and ensuring strict adherence to internal policies. Furthermore, the automation of key processes through the product has already yielded significant effort reduction savings for TCL, the charter customer. These savings have been realized through streamlined repeat purchase orders, efficient annual contract management, and improved KPI tracking. The automated reporting capabilities have also drastically reduced the time and effort traditionally required for management reporting, while digital controls and automated audit checks have significantly enhanced compliance and mitigated risks.
K. R. Venkatadri, Chief Commercial Officer of Tata Chemicals Limited, expressed his satisfaction with the deployment: “We have successfully deployed ignio™ Cognitive Procurement across all our plants in India and are now extending its implementation to our global operations in Kenya, the United Kingdom, and the United States. We have branded this initiative within TCL as SAKSHAM (Empowerment) of Procurement. This solution is the outcome of a collaborative effort that brings together TCL’s domain expertise and ignio’s technical capabilities.”
Akhilesh Tripathi, CEO of Digitate, echoed this sentiment, emphasizing the long-term collaboration: “We have collaborated with TCL across the lifecycle of their indirect procurement process across the enterprise. TCL, as charter customer for ignio Cognitive Procurement, has been a great partner and instrumental in shaping up, influencing, and adopting for its enterprise.”
