Procurement software developer Beroe has announced a suite of new features and upgrades to its procurement intelligence platform, Beroe Live.ai. According to the company, the enhanced features provide procurement professionals with unprecedented insights and support. Their platform reportedly excels at combining AI with expert human insight.
The new features include enhancements to Beroe Live.ai’s Category Watch and Risk Watch modules. Also Beroe has made upgrades to Abi, the company’s AI assistant. Beroe is also launching ‘Category Digest’, a groundbreaking AI-generated category podcast.
Data driven insights with human expertise
A large part of the way Beroe approaches designing its procurement solutions is driven by the understanding that AI tools should exist to support human decision making.
“Businesses deserve smarter, more powerful solutions combining reliable, data-driven insights with human expertise,” said Prerna Dhawan, Chief Product Officer at Beroe. “At Beroe, we believe there’s a different way to make procurement decisions, and the new features and updates we are announcing today reinforce our commitment to empowering procurement professionals to make confident choices every day, helping them to be in the know, always.”
The new and upgraded features coming to Beroe Live.ai include:
Category Health Score: One Metric for a Holistic View
With the introduction of ‘Category Health Score’, a unified weighted indicator that provides a quick and comprehensive signal of category performance, Beroe is enabling faster response times in a dynamic market.
Category Digest: AI-Generated Category Podcast Series
Initially for a limited set of categories, these AI-generated monthly podcasts powered by Beroe’s expert-curated data will provide a new way to catch up on significant developments and market dynamics wherever you are.
Supplier Disruption Monitoring
This new capability enables customers to gain real-time insights on global and local events impacting their suppliers. The soluton categorises insights for relevance, mapping them visually to enhance supply chain resilience and continuity.
Abi, Beroe’s AI Assistant, with enhanced HITL capabilities
In addition to Abi’s multilingual features and industry-leading integration with enterprise collaboration tools such as Microsoft Teams, Slack and Zoom, Beroe has further strengthened its HITL (Human in-the-loop) capabilities, ensuring accurate and nuanced responses tailored to customers’ needs.
With this release, Beroe is expanding its tools’ category coverage. It now provides insights on 2,300 direct and indirect categories at global and regional levels. This is an increase from 1,500 at the start of 2024. Coverage of commodity price forecasts and other macro indicators has also increased from 8,000 region-grade combinations to more than 12,000.
“We understand that many procurement professionals are dealing with cognitive overload managing large amounts of data across disparate tools. To help address this, our product roadmap is focused on simplification and contextualisation, delivering not just reliable data but intelligent recommendations,” Dhawan added. “We will continue to expand our category coverage and strengthen ecosystem partnerships with leading procurement technology and solution providers to ensure our customers can make smarter, faster, better decisions.”
