Gedanken provides an AI-driven platform that automates the supplier onboarding process and risk management by utilizing big data and machine learning for compliance and performance evaluation. This solution significantly reduces onboarding time by over 90% while ensuring adherence to legal and sustainability standards in supply chains.
Funding
$708.5K 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.
CCFounders
Product
Problem
Many organizations face challenges in efficiently onboarding new suppliers and managing supply chain risks, often struggling with time-consuming manual processes and ensuring compliance with legal and sustainability standards. Traditional methods can be slow, costly, and prone to errors, hindering agility and potentially exposing businesses to significant operational and reputational risks.
Solution
Gedanken offers an AI-powered platform designed to automate supplier onboarding and streamline risk management within supply chains. By leveraging big data and machine learning, the platform automates compliance checks, evaluates supplier performance, and monitors ESG (Environmental, Social, and Governance) risks. The solution reduces onboarding time by automating checks against hundreds of databases, automatically classifying risk, and accelerating analysis. Gedanken's platform facilitates sustainable procurement by integrating ESG criteria into the purchasing process, enabling businesses to reward and incentivize suppliers with better adherence to sustainability standards.
Target Audience
Gedanken primarily serves procurement, compliance, finance, and sustainability departments within medium to large enterprises across various sectors, including finance, agriculture, health, construction, food, and retail.
Features
- Automated supplier onboarding process reducing time and effort by over 90%
- Continuous monitoring of supplier risk levels with automated alerts for any changes
- Automated checks against 400+ databases for compliance and risk assessment
- ESG integration within the procurement process, tracking over 80 KPIs
- Structured performance evaluation process for supplier recognition programs
- Customizable risk matrices for automated risk classification of counterparties
- Streamlined due diligence processes with automated checks on CNPJs and CPFs
- Integration with existing systems via APIs and webhooks