What is Axe?
Axe is an AI-powered procurement assistant designed to streamline the intake process for purchase requests. It utilizes a chat interface, making it easy for employees to initiate requests and receive real-time guidance. The AI assistant, Mia, handles queries, automates data entry, enforces policies, and notifies the appropriate personnel for approvals.
Axe AI offers features beyond intake, including automated contract renewals, vendor consolidation, and document extraction. These capabilities contribute to a centralized system, improved spend visibility, and reduced costs. The system integrates with existing tools like Slack, Teams, Docusign, and NetSuite.
Features
- AI Assisted Intake: Streamlines requests through a simple chat interface.
- Automated Renewals: Tracks spending and contracts to prevent missed renewals.
- Vendor Consolidation: Identifies redundant requests and contracts for cost savings.
- Document extraction: Extracts key data from various documents.
- Workflow Engine: Automates request routing and approvals.
Use Cases
- Streamlining purchase request intake
- Automating contract renewal management
- Consolidating vendors to reduce costs
- Improving spend visibility and policy compliance
- Centralizing procurement communication
