Xeeva Receives New AI Patent
January 24, 2019
has been issued a new patent (US10176427 B2) for its Virtual Data
Manager capabilities. The patent incorporates functionality for rapidly
enriching data records to improve both quality and consistency
Previously, Xeeva was granted multiple related AI patents for its spend
classification abilities. This new patent is an expansion of those,
beginning to cover the data enrichment process. Once spend data has gone
through cleansing and classification, the enrichment will be completed.
With Xeeva’s unique AI technology, its software is able to operate at
the individual line-item level, rather than holistically at the supplier
level. This granularity provides an unparalleled capacity to get
insights from spend data and uncover savings opportunities – ultimately
driving massive savings for procurement teams.
the hard work and dedication of the Xeeva team, we wouldn’t be able to
accomplish what we do,” said Dilip Dubey, CEO and Founder of Xeeva.
“It’s exciting to see our world-leading procurement software evolve as
we add even more advanced technology into our product suite. Our growing
list of AI patents highlights how innovative our solution is and how
it’s capable of delivering incredible results for our customers.”
Xeeva is standing out from the crowd in the procurement space with its
enrichment capabilities, as many solution providers only classify data
currently. By being able to cleanse, classify, enrich, and deduplicate
spend data, Xeeva’s software allows procurement teams to make educated
decisions with confidence that positively impact the bottom line.