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Dhatim Conciliator: Vendor Analysis (Part 2) — Product Strengths & Weaknesses

11/22/2017 By

Image by Karolina Grabowska from Pixabay

“Cognitive” procurement has a ring to it. Enough so that any CPO who works for an organization with a broader digital transformation mandate just might pick up the old handset when a new technology provider that uses artificial intelligence (AI) in new ways decides to call. And Dhatim’s Conciliator, one of the first entrants into the cognitive sourcing market that uses AI and customized learning models to identify and predict savings opportunities, classification errors, and even individual (and theoretically supplier/vendor) performance/quality, may very well be the one on the other end of the line.

Conciliator is not the first “next generation” integrated AI-based solution that we have seen with true cognitive procurement (or sourcing) capabilities. LevaData (see our Vendor Snapshot series here, here and here) takes that prize. But Conciliator is one of the first true cognitive platforms on the market with an ability to do deep predictive analytics on certain categories in certain verticals in ways that go beyond basic AI applications to spend classification, fraud detection, predictive risk scoring and other established use cases alone.

This Spend Matters PRO Vendor Snapshot explores Conciliator’s strengths and weaknesses, providing facts and expert analysis to help procurement organizations decide whether they should consider the provider. Part 1 of our analysis provided a company and detailed solution overview and a recommend fit list of criteria for firms considering Conciliator. The third part of this series will offer a SWOT analysis, user selection guide, competitive alternatives, and additional evaluation and selection considerations.

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Vendor Analysis