SGS Maine Pointe partners with dSilo to provide AI-driven contract performance and insights

Global supply chain and operations implementation consulting firm, SGS Maine Pointe, a member of the SGS Group, has partnered with dSilo, a leading enterprise artificial intelligence (AI) company transforming how businesses extract contextual insights from business contracts and financial documents. Using dSilo’s deep-learning AI contract value management platform, SGS-Maine Pointe will build on its Total Value Optimization approach, helping clients discover and capture value, reduce costs and retain irreplaceable institutional knowledge otherwise lost to staff turnover.

“We are thrilled to be partnering with the dSilo team to offer our clients cutting edge, AI-generated insights that focus on value creation for the supply chain,” said Nathanael Powrie, EVP Data Analytics at SGS Maine Pointe. “We see a tremendous opportunity to help our clients process, and derive hidden value from, unstructured data received from their end-to-end supply chain.”

With the dSilo solution, SGS Maine Pointe will be able to greatly enhance the enterprise contract digital journey by easily accommodating contracts and spend data that often exists in multiple locations and formats including paper, eliminating compliance issues and value leakage, and automating commerce with self-executing smart contracts.

“The supply chain, including suppliers, transportation providers, and customer invoices, have very high variability and take a lot of manual data entry for clients to process,” said Powrie. “With deep learning AI technology, we can contextualize intelligence that provides information that can help our clients achieve new benefits.”

Just recently, SGS Maine Pointe was able to leverage this potential to process over 350,000 supplier invoices for a client project that provided critical visibility into SKU level information, to help better understand patterns in pricing and volume.

“Our proprietary deep-learning AI, which requires minimal human intervention, detects value leakage, and may present opportunities such as missed discounts or trade promotional rebates. This could lead to a significant increase in working capital savings across spend categories,” said Sharad Malhautra, dSilo CEO and cofounder. “Enterprises deploying dSilo’s AI platform can discover cost reductions and lower compliance risk almost immediately — while ‘future proofing’ their business by retaining contextual contract knowledge within the enterprise over time.”

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