A global provider of intelligent, AI-powered procurement software continues its aggressive growth strategy with a new AI technology patent.
Xeeva, recognised in the Gartner Cool Vendor 2018 list, announced in a statement this week that it has issued a new patent for its Virtual Data Manager capabilities. The solution will look to enable the rapid enrichment of data records to “improve both quality and consistency.”
Xeeva is, in its own words, “leading the next generation of procurement and sourcing software.” It works with companies from all over the world to offer full suite source-to-pay solutions that are powered by its patented AI technology. Xeeva will work to reveal “insights no other solutions can see, eliminates tactical and tedious procurement tasks, and generates immediate bottom-line value.”
The latest patent is the fourth within Xeeva’s product portfolio since being founded back in 2014. Along this growth journey, the company has been recognised as a Gartner Cool Vendor in Procure-to-Pay applications, Innovative Procurement technology of the Year, and Outstanding Solution Provider as well as many other accolades.
“It’s exciting to see our world-leading procurement software evolve as we add even more advanced technology into our product suite,” said Dilip Dubey, CEO and Founder of Xeeva. “Our growing list of AI patents highlights how innovative our solution is and how its capable of delivering incredible results for our customers.”