ROCKVILLE, MARYLAND, DECEMBER 2020 – Facing significant financial shortages and possible budget cuts, Chicago Public Schools (CPS) has contracted with EqualLevel to utilize their e-Procurement Marketplace, featuring an AI-powered technology to unearth massive savings opportunities. With EqualLevel’s ELSA software in place, CPS has uncovered a staggering $250,000 in savings in just 180 days. These funds will be redirected toward the purchase of vital resources needed to ensure students and staff are supported.
“ELSA was designed specifically to achieve these types of returns,” explained Orville Bailey, CEO, and co-founder of EqualLevel. “We are proud to partner with CPS in their quest to support students and provide the highest quality education possible.” CPS has faced significant financial shortages in 2020 and announced the possibility of major budget cuts as recently as August. With AI-powered ELSA, CPS procurement has taken a major step towards ensuring that budget dollars for goods and services are spent wisely.
EqualLevel is a Rockville, Maryland-based technology company with over ten years of experience in e-procurement software development. EqualLevel’s ELSA (an acronym for EqualLevel Savings Advisor) allows CPS and other school districts to leverage the power of advanced data analytics and AI to achieve greater visibility into spending, unearthing critical areas where savings can be captured as employees shop. “But most importantly, ELSA captures the shopper’s justification for choices that don’t fall in line with established procurement protocols,” Eddie Potocko, EqualLevel CTO, explained. “It delivers that information in a structured report that provides just-in-time knowledge to managers.” The patent-pending, groundbreaking AI also learns and grows with the organization, offering additional insights and intelligence the more it is used.
EqualLevel was founded with the goal of creating a straightforward procurement solution that helps public sector organizations streamline operations and optimize spending. EqualLevel combines the best e-procurement marketplace and e-invoicing capabilities into a single solution that is easier-to-use, faster to configure and deploy, and more cost-effective than any other procurement platform available today. With deep domain knowledge in e-procurement, a best-in-class cloud platform, a fast-growing community of customers, and industry-first innovations like ELSA, EqualLevel is leading the way in helping the public sector spend smartly and save more. For more information about EqualLevel’s ELSA visit https://equallevel.com, or contact Anthony Blake at 800-818-5408 or firstname.lastname@example.org.