The Tech

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

CART OPTIMIZATION

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
    • Download 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