Within the procurement technology sector, early artificial intelligence (AI) techniques have primarily been applied against structured data needs. Yet the class of AI techniques that these providers have deployed is actually quite different from the semantic AI analysis that is starting to gain traction in the contract search and analysis area. Within this new market, Counselytics is one of more than half a dozen upstart competitors that are collectively targeting an opportunity that is fundamentally different from — yet complements — contract lifecycle management (CLM).
This Spend Matters PRO Vendor Snapshot explores Counselytics’ 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 Counselytics. The third part of this series will offer a SWOT analysis, user selection guide, competitive alternatives, and additional evaluation and selection considerations.