EqualLevel Savings Advisor (ELSA)

WHAT IS IT?

A sophisticated AI engine paired with EqualLevel's federated search technology identifies savings opportunities throughout the purchasing process

How does it work?

     •  Federated search collects product data across distributed sources

     •  AI uses product data and shopper behavior to suggest savings opportunities

     •  ELSA uses machine learning to become smarter with every purchase

SCHEMATIC

CART OPTIMIZATION

     •  Analyzes Search and PunchOut items
          ·  Utilizes massive product database

     •  Suggests lower price alternatives
          ·  Exact matches and substitute items

     •  Optimizes total cart

     •  Prompts shopper to enter justification for decision

3 BIDS AND A BUY

     •  Receive and compare bids in the marketplace
          ·  Send RFQ to multiple suppliers
          ·  Receive bids and compare side-by-side
          ·  Add bid to cart and enter justification

     •  View 3 bids-and-a-buy report
          ·  Report available from requisition or order
          ·  Available to shopper, approvers, admins
          ·  Downloadable PDF report

REPORTS

     •  Shopper Reports
          ·  On Requisitions/Orders – View alternatives and justification
          ·  “3-bids-and-a-buy” report for quotes

     •  Admin Reports
          ·  Savings achieved by item and month summary report
          ·  Replacement savings, Total savings, Savings missed

BENEFITS

     •  Prevent unnecessary overspending
          ·  ~40% of items checked out are not the best price

     •  Maximize savings
          ·  ~15% savings by optimizing cart
          ·  ~50% total savings from ELSA

     •  Capture user justification and streamline approvals

     •  Visibility into user behavior and missed savings opportunities