SGS Maine Pointe partners with dSilo to improve contract value
SGS Maine Pointe, a global operations and supply chain consultancy, has partnered with technology firm dSilo to create improved contract environments for clients.
SGS Maine Pointe will now leverage dSilo’s AI-powered contract management platform to help clients capture value, reduce costs, and retain institutional knowledge.
In contrast to older digitization technologies, dSilo’s product automates the conversion of contractual data to smart contracts and derives key terms and clauses for deeper insights. The AI tech also identifies and quantifies risk within contracts and reduces validation time from days to minutes.
“We are thrilled to be partnering with the dSilo team to offer our clients cutting-edge, AI-generated insights that focus on value creation for the supply chain,” said Nathanael Powrie, EVP for data analytics at SGS Maine Pointe. “We see a tremendous opportunity to help our clients process, and derive hidden value from, unstructured data received from their end-to-end supply chain.”
SGS Maine Pointe will combine dSilo’s platform with its industry and subject matter expertise in maximizing contract value. Contract review and analysis is key a part of the firm’s Total Value Optimization model, which synchronizes the buy-make-move-fulfill supply chain to deliver the greatest value to customers and investors – while also achieving lowest cost and risk to business.
“Our proprietary deep-learning AI, which requires minimal human intervention, detects value leakage, and may present opportunities such as missed discounts or trade promotional rebates. This could lead to a significant increase in working capital savings across spend categories,” said Sharad Malhautra, dSilo CEO and cofounder. “Enterprises deploying dSilo’s AI platform can discover cost reductions and lower compliance risk almost immediately — while ‘future proofing’ their business by retaining contextual contract knowledge within the enterprise over time.”
SGS Maine Pointe recently utilized AI-driven contract management technology to help a client process over 350,000 supplier invoices to create visibility into SKU-level information and better understand patterns in pricing and volume.
Based in Boston, SGS Maine Pointe works with clients across the globe to optimize their operations and supply chains. The firm is part of SGS, a 96,000-strong multinational inspection, verification, testing, and certification company.
