Fixefy automates supply chain financial control by utilizing AI-driven audits and real-time data reconciliation to uncover hidden savings and enhance profitability. The platform reduces reconciliation time from 15 days to just 4 hours, enabling finance and operations teams to collaborate effectively without the need for external auditors.
Funding
$5.4M 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
Supply chains generate vast amounts of data, making it difficult to reconcile logistics records with inter-company financial data. Manually combining this data is time-consuming and prone to errors, leading to missed cost-saving opportunities and reduced profitability. Traditional audit processes struggle to handle the volume and complexity of supply chain data, often requiring expensive external auditors.
Solution
Fixefy offers an AI-powered platform that automates supply chain financial control by connecting operations and finance. The platform ingests various data types, including free text communications, and performs automated audits to identify cost savings. It reconciles data in real-time, providing insights into cost analysis and profit risk. By automating reconciliation and providing actionable insights, Fixefy enables finance, procurement, and supply chain teams to collaborate effectively and optimize company activities.
Target Audience
Fixefy targets finance, procurement, and supply chain teams seeking to improve financial control, reduce costs, and enhance profitability within their supply chain operations.
Features
- Automated AI audits that identify and recover lost funds.
- Real-time data reconciliation, reducing reconciliation time from 15 days to 4 hours.
- AI-driven analysis providing actionable insights for cost reduction.
- Real-time cost analysis and profit risk assessment.
- Ability to ingest various data types, including free text communications.
- Automated reconciliation with suppliers.
- No supplier onboarding required.