Creactives has developed a suite of solutions, empowered by Deep Learning technology, to optimize procurement processes, provide real-time insights, cleansing and enriching business data overcoming geographical, language, and backend systems barriers.
It is a Virtual Assistant, easily embeddable in any backend system transaction, to support the end-user in categorizing his data entries. Supplier onboarding, new material master data, free text order, demand planning are some of those entries where categorization is mandatory, and MG Prompt can prevent errors and assure over 95% of precision on Custom taxonomy category selection.
MG Prompt suggests the right Custom category, based on the description of the material provided by the end user in his natural language.
It is a Virtual Assistant, easily embeddable in any Source to Pay platform or other backend systems, to support the end-user in categorizing his data entries based on UNSPSC Taxonomy. UNSPSC is becoming more and more the reference taxonomy in the B2B marketplaces, so many companies are also adopting it as its categorization structure. Nevertheless, the extension of UNSPSC (v.21 has more than 170.000 categories) can make the categorization tasks painful for the end-user.
UNSPSC Prompt can prevent errors and assure over 95% of precision on category selection.
UNSPSC Prompt suggests the right category, based on the description of the material provided by the end user in his natural language.
It is a Virtual Assistant, easily embeddable in any Source to Pay platform or other backend systems, to support the end-user in Material and Services searches. There is a barrier between the way people can describe their needs and the way the materials and services are codified in the systems. Unnecessary new material master data, free text order, or worst, maverick buying, most of the time depend on the fact end-users are unable to find what already exists and negotiated in an internal catalog, frame contract, or outline agreement. The Matcher overcomes these barriers maximizing procurement compliance and risk reduction.
Matcher suggests the most suitable materials that match with the description of the material provided by the end-user in his natural language.
It is a Virtual Assistant easily embeddable in any Material Management systems or PLM that combines MG Prompt and Matcher functionalities plus technical attributes capture and normalization. The same barrier described for the Matcher drives, especially the engineering department, to invent the wheel every time. Unnecessary new material master increase working capital frozen in the inventories. Smart Creation suggests the right categorization and matches to existing materials. If no of the options is suitable, by capturing the technical attributes provided in the description, it drives the end-user to create a new material safely and completely.
Smart Creation suggests the most suitable existing materials or drives the safe creation of a new one exploiting the description of the material provided by the end-user in his natural language.
TAM (Technical Attribute Management)
TAM is a dedicated tool to cleanse, enrich, deduplicate and govern the evolution of Material Master data, exploiting all the description of the materials stored in the back-end systems, and creating a single version of the truth.
Material Master Data Cleansing and Governing is a strategic project for many Industries: Process and Discrete Manufacturing, Oil & Gas, Mining, Energy, Pharma, TLC, and more generally speaking for all capital-intensive industries. Most of the current Material Master Data is the result of historical data, often merged or migrated from different ERPs and partially or never cleansed at all. An MDM initiative has enormous impacts on Inventories, both Production Materials and MRO Materials and specifically on one-time measurable costs, measurable recurrent costs, and hidden costs. Figures collected on real projects of MRO MDM show that in a period of 4 years, the savings achievable can be more of the 25% of the current stock value.
Master Data Management tool for cleansing and governing Materials Master data.
TVS (Total Spend Visibility)
TSV is a service to cleanse, enrich, and harmonize spend data (Purchase Orders, Invoices, Frame contracts) in a single categorization structure. Historical data of previous years can come from different sources in any language, and TSV automatic re-classify them as well as the new future data for refresh Spend Analytics purposes. Processed data can be fully exploited by Spend Analytics platforms of certified Creactives’ partners, by third parties Spend Cube tools or using standard data presentation tools available in the market.
TSV is an automatic service to correctly categorize and enrich Spending Data for Analytics.
Learn more about Creactives Group
Creactives S.p.A. was founded in June 2000 as a cost reduction consulting company.
Our Business model
Learn about our flexible business model: from setup to SaaS and “pay as you go”.
Our key people
More than 20 years of experience in developing and selling tech solutions to enterprise clients worldwide.