Aera Technology

Aera Technology empowers procurement professionals by providing AI-powered technology to bridge the gap between supply chain and procurement and enable better, faster procurement decisions that automate work and achieve business goals.

The company’s AI decision automation platform, Aera Decision Cloud™, seamlessly integrates with existing systems and data sources to automate and scale procurement decisions with accuracy and speed. 

Aera Decision Cloud connects procurement, demand, inventory, order fulfillment, logistics, sales and marketing functions, and more – in one integrated platform. It digitizes and standardizes procurement processes to reduce the impact of volatility. Using the technology, procurement teams can capture the causes of spend deviations, the actual decisions made, and the outcomes of those decisions — in context, from one platform, and in real time.

Using the platform’s Aera Skills™ — decision-making capabilities that understand a set of business problems, make recommendations autonomously, and learn from the decisions made — procurement teams can improve how work gets done, increase transparency, manage cost control, and reduce risk and operational efficiency. 

Aera Procurement Skills include: 

• Purchase Price Variance (PPV)

• Payment Terms Management/Automation/Negotiation

• Spend Optimization

• Supply Resilience Management

• Contract Coverage Management

• Supplier Collaboration

• Procurement Operations Automation

• Alternate Supplier Recommendations

• Touchless P.O. including MRP automation.

For example, the Aera Payment Terms Management/Automation/Negotiation Skill enables procurement professionals to automate and negotiate optimal payment terms with suppliers. The Skill uses data science to understand payment terms of like suppliers, materials, and regions to generate terms that are likely to be accepted and closer to targets. 

The Aera Purchase Price Variance Skill can identify and execute decisions aimed at identifying PPVs and reducing associated costs annually. One global consumer packaged goods leader has identified 55 Aera PPV decision recommendations with a goal of trimming costs (56M EUR). 

Beyond point solutions that automate specific procurement tasks, Aera provides a transactional procurement system with a supplier collaboration capability to effectively manage both spend and supply in real time – including supplier risk, sustainability, disruptions, and more. 

Aera is the trusted choice of procurement leaders for its performance and value generation, enabling a more sustainable, intelligent, and efficient world. 

Learn more at www.aeratechnology.com.