dSilo utilizes Generative AI and Large Language Models to analyze contracts and spend data, enabling organizations to identify cost savings, enhance productivity, and improve compliance. The platform delivers actionable insights that reduce off-contract purchasing and missed rebates, achieving over 5% savings in fragmented spend categories while automating manual processes to eliminate over 95% of verification tasks.
Funding
$2.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many organizations struggle to gain visibility into their contracts and spend data, leading to missed cost savings, reduced productivity, and compliance issues. Manual processes for contract analysis and spend verification are time-consuming and prone to errors, hindering effective decision-making.
Solution
dSilo offers a platform that leverages Generative AI and Large Language Models to analyze contracts, spend data, and AP workflows, providing actionable insights for cost savings, productivity gains, and improved compliance. The platform identifies opportunities to reduce off-contract purchasing, capture missed rebates and discounts, and optimize working capital. By automating manual verification tasks and providing line-item level analysis, dSilo helps organizations improve spend management and contract compliance.
Target Audience
dSilo targets procurement professionals, finance teams, and contract managers seeking to improve spend management, reduce costs, and enhance compliance within their organizations.
Features
- AI-powered contract intelligence for extracting key terms, obligations, and risks from agreements
- Spend intelligence module for identifying value leakage, off-contract spending, and pricing discrepancies
- AP Workflow Intelligence to automate invoice processing and reconciliation, preventing value leakage at the line-item level
- Contract Lifecycle Management (CLM) module to streamline contract creation, negotiation, and monitoring
- ProcureGPT platform utilizing Large Language Models (LLMs) for advanced procurement data analysis
- Line-item spend intelligence for detailed comparisons and validation against contractual agreements
- Working capital improvement tools to identify opportunities by matching payment terms against invoices and actual payments
- Purchase price variance analysis to compare pricing for like items across different locations and suppliers