How does Infinity Loop use AI and automation? We’ re an AI-native platform for enterprise procurement, for the strategic deals. We don’ t tackle tail spend right now, companies have seen more value in larger deals, above US $ 250,000, let’ s say.
The problem with autonomous solutions today, and there are companies doing that for tail spend, is that they’ re not able to go upstream, because nobody’ s going to trust a bot to negotiate a million-dollar contract, or higher. We’ re not there yet.
We might be in five to ten years, who knows? But right now, that’ s not the play. We focused on strategic deals because it’ s the hardest thing to do, you have to convince the procurement manager we’ re helping them be better at their jobs.
We think negotiation is an art, and it still happens face-to-face, or on Zoom. That’ s still a human-to-human interaction, and we want to maintain that for the larger deals. It’ s about providing the right information at the right time to upskill internal staff, so they get the best deal.
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