Melder is an AI agent that automates complex tasks within Microsoft Excel by generating formulas, creating visualizations, and cleaning data based on simple user commands. It allows users to instantly build financial models, sales reports, and statistical analyses directly within their workbooks. This platform streamlines data manipulation and insight extraction, eliminating the need for manual formula writing or chart creation.
Funding
$500K 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 with fragmented procurement processes due to disparate data sources, manual tasks, and limited visibility into supplier options. This often leads to missed cost-saving opportunities, inefficient contract management, and reduced negotiating leverage.
Solution
Melder offers an AI-powered platform that unifies procurement data from spreadsheets, PDFs, and ERP systems to automate key processes from supplier identification to contract negotiation. The system uses AI agents to cleanse, match, and enrich data, providing a consolidated view of spend and supplier performance. By extracting information from unstructured data and identifying opportunities for spend consolidation, Melder enables businesses to improve negotiating leverage and streamline contract management. The platform also facilitates RFQ creation and supplier benchmarking to optimize pricing.
Target Audience
Melder targets procurement teams and supply chain professionals seeking to streamline processes, improve data visibility, and identify cost-saving opportunities.
Features
- Automated data cleansing, matching, and enrichment from disparate sources
- AI-powered contract review and terms extraction
- Supplier identification and benchmarking
- Automated spend categorization
- RFQ creation and sharing
- Savings identification through spend consolidation analysis
- Purchase order and invoice review