This company provides AI agents specifically designed to automate and optimize procurement workflows. Their agents handle supplier discovery, autonomous price and terms negotiation, and compliance verification before contract signing. The core value is achieving better procurement outcomes through automated, intelligent execution of sourcing and negotiation tasks.
Funding
Funding not disclosed
PAFounders
Product
Problem
Many organizations face challenges in maintaining compliance with evolving regulations, managing complex contracts, and extracting actionable insights from vast amounts of data, leading to increased operational costs and potential risks. Existing solutions often require significant manual effort, are prone to human error, and lack the speed and scalability needed to address these challenges effectively.
Solution
12New.ai offers a suite of AI-powered agents designed to automate and optimize key business processes across procurement, compliance, finance, and business intelligence. The platform leverages generative AI to verify policy compliance in text and visual content, streamline contract management by identifying risks and extracting key actions, and provide portfolio news analysis for informed decision-making. By automating routine tasks and providing intelligent insights, 12New.ai enables organizations to reduce operational costs, improve efficiency, and mitigate risks associated with non-compliance and inefficient processes. The AI agents empower teams to focus on strategic initiatives while ensuring accuracy and consistency in critical business functions.
Target Audience
The primary target audience includes finance, construction, security, and insurance companies, as well as legal teams, compliance departments, and investment professionals seeking to automate and improve efficiency in procurement, compliance, contract management, and business intelligence.
Features
- **AI-Agent for Text Compliance:** Verifies documents against corporate policies, flagging violations in minutes.
- **AI-Agent for Visual Compliance:** Detects legal violations in visual advertisements, ensuring adherence to regulations.
- **AI-Agent for Contract Management:** Identifies financial pitfalls, extracts key actions, and compares document versions.
- **AI-Copilot for Portfolio News Analysis:** Assesses the impact of news on stock prices, providing in-depth analysis and email alerts.
- **Policy Management:** Centralized interface for managing and updating corporate policies and regulatory acts.
- **Red Flags AI-Analyzer:** Identifies unfavorable terms and financial risks within contracts.
- **Actions AI-Extraction:** Automatically extracts key tasks and deadlines from contracts.
- **Document AI-Comparison:** Highlights differences between document versions to ensure consistency.