TCO Calculator
for Procurement Performance Analytics

Enterprises often struggle to measure procurement effectiveness due to fragmented data across invoices, POs, and supplier systems. Legacy OCR solutions can extract procurement data but cannot provide analytics on vendor performance, category spend, or purchasing trends. This forces procurement teams to rely on manual reporting, resulting in inefficiencies, limited visibility, and missed opportunities for cost optimization.

AI-powered procurement performance analytics aggregates and analyzes invoice and PO data to deliver actionable insights into vendor spend, category costs, and purchasing trends. By providing real-time visibility into procurement efficiency, organizations can optimize sourcing strategies, improve supplier negotiations, and strengthen overall financial performance.

This total cost of ownership calculator helps you evaluate the true ROI of the category using modern AI powered alternatives over traditional OCR based solutions.

TCO with Existing Solution

Legacy OCR systems achieve 80% accuracy and cannot generate advanced procurement insights. Procurement teams must manually consolidate and analyze spend reports, leading to delays, higher costs, and limited ability to enforce strategic sourcing.

TCO with AI-based Solution

Modern AI combining OCR, NLP, and analytics achieves 92% accuracy ±2%, enabling procurement teams to access real-time performance dashboards. While this reduces manual reporting significantly, AI cannot fully account for unique business rules, requiring human review for final procurement strategy decisions.