Meti is a procurement operating system that automates order tracking, invoice management, and demand forecasting by extracting data from various sources using AI. This technology reduces manual data entry and processing time by over 50%, enabling teams to efficiently monitor and manage a significantly higher volume of orders.
Funding
Funding not disclosed
Founders
Product
Problem
Procurement teams often spend excessive time on manual data entry, tracking orders, and managing invoices across disparate systems and formats. This leads to inefficiencies, errors, and limited visibility into the overall procurement process.
Solution
Meti offers an AI-powered procurement operating system that automates data extraction, order tracking, invoice management, and demand forecasting. The platform automatically pulls data from emails, PDFs, documents, images, and supplier portals, eliminating manual data entry and providing real-time visibility into order statuses. By automating these processes, Meti enables procurement teams to monitor and manage a significantly higher volume of orders, reduce errors, and improve overall efficiency.
Target Audience
Meti is designed for procurement teams seeking to automate their processes, reduce manual effort, and gain better visibility into their supply chain operations.
Features
- Automated data extraction from various sources, including emails, PDFs, documents, images, and supplier portals, using AI.
- Real-time order monitoring with automated review of order links and supplier portals.
- Automated invoice tracking for instant visibility into invoice statuses.
- Demand forecasting to automate reorders and reduce out-of-stock situations.
- Analytics dashboard for improved supplier management and performance insights.
- Integration with existing tech stack for seamless data flow.
- Automatic follow-up on orders and flagging of issues and anomalies.