Artificial Intelligence company Dhatim, has launched Conciliator.ai in the UK. A powerful Cloud solution, Conciliator™ uses AI to increase administrative teams’ productivity by up to 30%. It streamlines purchasing, HR and accounting functions and improves job quality. Conciliator™ is already saving more than 300m euros for over 50 customers, including Vodafone Ireland, L’Oreal, Engie, and Bouygues. Dhatim is head-quartered in France and turned over €5m in 2015.
Jean-Phillippe Collin is a key figure in the purchasing world and has recently joined Dhatim’s Strategic Board as the company moves to scale. His experience includes the role of Chief Procurement Officer and executive board of Sanofi, plus executive purchasing roles at large, international corporates like IBM, Valeo and PSA Peugeot Citroën. He says:
“It is imperative that organisations start to think and plan for Artificial Intelligence. AI will bring a step change in efficacy and efficiency for those companies that understand it. The efficacy, or power, will come from regaining control of processes through automation. This will lead to operational efficiencies because it frees up time to focus on high value work, which will increase productivity. Through automation, organisations will be able to leverage data intelligence to augment their value proposition. This will in turn, improve spend competitiveness while ensuring compliance to continuously evolving sourcing strategies”.
Thomas Bourgeois, CEO and co-founder of Dhatim explains:
“We are witnessing a real revolution in certain business areas, which are often the poor relations of innovation. Purchasing, finance and HR functions can benefit enormously from the clever application of Artificial Intelligence. Our Conciliator technology tackles the often under-utilised business data in these three functions and brings productivity gains through automation”.
Conciliator™ uses AI and deep learning algorithms to automate manual, repetitive tasks. For example, it automates the reading of thousands of line-by-line invoices, their control, by comparing them with purchase orders and supplier contracts, and by automating the allocation of the spend into accounting plans. It then allows verification of thousands of lines or facilitates cross-checking errors in heterogeneous and complex databases, such as ERP.