Tendrel
Tendrel
Cost
Optimization
Assistive AI in making decisions around procurement, spend and invoice management to improve profitability in any organization
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Tendrel AI
Contracts and Financial Statements
Market Intelligence
Inventory
Performance and Sentiment
Tendrel’s assistive AI helps to understand opportunities for cost savings by analyzing MSAs, RFXs, Contracts, market intelligence, EDI information and Slack based surveys to make recommendations for cost optimization. Categories of spend optimization include:
Professional Services
Heavy Machinery
Medical Supplies
Staffing
Background Checks
Medical Supplies
Software
Benefits
Property, Plant and Equipment
Leases and Facilities
Research and Development
Logistics
How It Works
Master Service Agreements
Purchase Orders & Invoices
Market Benchmarks
Slack based Surveys
Tendral AI Scope:
- Master service agreements are reviewed to understand addendums, break clauses and termination constraints.
- Purchase orders and invoices are monitored to evaluate redundancies, including overspending and conspicuous grouping of line items.
- Tendrel connects to market benchmarks to ensure that all overspend risk is managed.
- NPS surveys are collected and analyzed to ensure that engagement and internal perception data is incorporated in renegotiation.
Net Impact: Identified overspend, including asset reconcilliation opportunity, which led to 20% cost savings.
Vendor Renegotiation
SLA Adjustment
Savings: Case Study Software
$500K (20%)
- Per market benchmarks and internal sentiment, there was a reduction opportunity identified in terms of number of seats.
- In addition, per redundant invoices and unclear line items, the vendor contract was renegotiated for 70% of existing value.
About Us
Tendrel’s assistive AI provides 360 intelligence to capture savings by analyzing contracts, P&L, sentiment and market intelligence data to recommend the best rates, automate renegotiations and rebalance P&Ls for customers.
Mission
We improve corporate liquidity and optimize organizational spend for transparent vendor management, FP&A support and profitability.
Vision
Tendrel’s leading enterprise AI automates best-in-class administrative functions, so any organization can maximize time on product engineering and commercialization.
About Us
Tendrel’s solutions are designed to leverage AI with research and expertise from Stanford, INSEAD and Singularity University.
Tendrel AI
info@tendrel.ai