Creation of a connected world of all data sources in procurement. Digital Backbone is a central, intelligent data hub that integrates all globally distributed data, from isolated data silos to data stored in external cloud platforms. Digital Backbone helps to combine all relevant procurement data with financial and technical data and to enrich it with external market data or data from highly specialized data providers.
Digital Backbone ensures easy integration of all procurement relevant information as well as innovative analysis options for the collected data. With the Orpheus Data Categorizer, your raw data stored in the Digital Backbone can be transformed into consistent, classified & consolidated information that can then be used for advanced analysis, comparison and benchmarking.
Semantic data management to improve data quality and spend transparency. Data Categorizer is an AI-based framework that implements various functions for Semantic Data Management (SDM). SDM improves the quality and structure of procurement and financial data of all kinds. Text mining methods and AI-based classification algorithms support and automate the structuring of data according to a standard taxonomy or a taxonomy individually specified by the customer.
Orpheus' Data Categorizer is capable of structuring even the most extensive data sets in a semantically sound manner to provide the basis for advanced analytics and analysis automation. Hierarchical data algorithms help to group similar articles and suppliers and to create supplier families and trees (consolidation).
An integrated solution for procurement analytics and controlling. It offers an innovative platform for transparency, analytical "insights", fact-based strategy development and procurement optimization. Spend Control includes all relevant procurement KPIs, reports and dashboards and other key functions required to optimize each procurement category and procurement organization.
An extensive library of procurement KPIs, combined with pre-built standard reports, enables detailed spend, price or savings analysis with just a few clicks.
Companies managing billions of dollars in spend are turning to their Chief Procurement Officer (CPO) and procurement teams to identify the spend optimization measures that will have the greatest impact. But given the vast amounts of data generated and the many possible levers for different categories of spend, it's difficult to know where to focus and where the greatest potential lies.
Category Analytics "leverages" the category-specific transaction data to identify the most effective actions that teams can take to immediately optimize spending and meet their goals. It covers category-specific commercial, demand and process levers.
Advisory Center & BOTs
Orpheus Advisory Center & BOTs automate many routine tasks for today's busy lead buyers and category managers. The software automatically analyzes data and suggests alert-relevant KPIs & data patterns, unused potential or outliers in data. Analysis BOTs create free capacity so that buyers can concentrate on their core strategic tasks and leverage additional potential. Analysis BOTs help companies to preserve their world-class knowledge because they can store it securely in "programmable software BOTs" for regular reuse.
The BOTs can be trained to meet the specific needs and alert levels required by a company and its users. In addition, a feedback learning mechanism is provided to improve learning skills and make the BOTs smarter and more sophisticated over time. BOTs can be defined very easily.
Impact Tracker is a software for planning, forecasting and monitoring savings initiatives, for controlling the procurement organization via target figures & initiatives and for measuring procurement performance. It gives you the opportunity to react early on to deviations between target and actual figures.
Impact Tracker enables the mapping and planning of procurement projects and activities, and their assignment to relevant teams -> Initiatives Controlling / Savings Tracking. Impact Tracker is open for any kind of "indirect/direct" efficiency levers such as Design to Cost or classic savings levers of procurement. Impact Tracker contains preconfigured templates of initiative types, e.g., Product Substitution or Mixed Savings - cost reduction and avoidance, etc.