PROCUREMENT AND SOURCING,SUPPLY CHAIN
SymphonyAI | September 22, 2022
SymphonyAI Retail CPG, a leading provider of end-to-end, integrated AI-powered merchandising, marketing, and supply chain solutions for retailers and CPG manufacturers, has announced a partnership and integration with PredictHQ, the demand intelligence company. Customers of SymphonyAI Retail CPG Supply Chain Demand Forecasting AI will benefit from more timely, accurate forecasting results through PredictHQ’s demand intelligence data.SymphonyAI Retail CPG provides AI-driven forecasting results, which show a vast accuracy and performance improvement over traditional statistical models. However, AI-driven solutions are only as good as the contextual data provided to them, and PredictHQ enhances the quality and quantity of that contextual data. By accessing PredictHQ event data along with other existing data used by SymphonyAI Retail CPG Demand Forecasting AI, retailers gain access to even greater accuracy and reliability in their forecasts.
The partnership will result in PredictHQ’s verified and enriched event data being integrated into SymphonyAI Retail CPG’s forecasting systems. This will enable SymphonyAI Retail CPG’s customers in 17 countries to better preempt and prepare for the demand impact of events such as public holidays, school holidays, and observances.
“Faced with unrelenting supply chain chaos, retailers and CPGs who use data-driven, AI-based solutions gain deep competitive advantage and measurable business results, Our industry-leading AI modeling provides superior forecasting for retail demand planning, so customers can optimize product availability and decrease out-of-stocks, waste, and spoilage, and gain deeper insights into sales patterns and anomalies. The partnership with PredictHQ will broaden access to rich, critical data within and outside customer organizations.”
-Raj Marimuthu, chief customer success officer and GM of supply chain management at SymphonyAI Retail CPG.
“As the pace of change in shopper demand patterns, market conditions, and supply chain constraints accelerates, demand forecasting AI that uses state-of-the-art models reduces guesswork and gives users a more strategic view,” said PredictHQ CEO Campbell Brown. “We are delighted to team with an AI innovator like SymphonyAI Retail CPG to enhance contextual data with seamless access to global and localized events, seasonality, weather, and more.”
PredictHQ, the demand intelligence company, empowers global organizations to anticipate changes in demand for their products and services. PredictHQ's demand intelligence API aggregates events from hundreds of sources and verifies, enriches, and ranks them by predicted impact so companies can proactively discover catalysts that will impact demand. With PredictHQ, businesses gain a leg up on the competition and remain confident in their ability to meet customers' ever-changing needs.
SymphonyAI is building the leading enterprise AI company for digital transformation across the most important and resilient growth verticals, including retail, consumer packaged goods, finance, manufacturing, media, and IT service management. SymphonyAI verticals have many leading enterprises as clients. Since its founding in 2017, SymphonyAI has grown rapidly to 2,000 talented leaders, data scientists, and other professionals. SymphonyAI is an SAIGroup company, backed by a $1 billion commitment from Dr. Romesh Wadhwani, a successful entrepreneur and philanthropist.
About SymphonyAI Retail CPG
SymphonyAI Retail CPG, a SymphonyAI vertical, is a leading provider of end-to-end, integrated AI-powered merchandising, marketing, and supply chain solutions for retailers and CPG manufacturers worldwide. Harnessing the power of AI, SymphonyAI Retail CPG solutions enhance agility, performance, and revenue growth across the retail value chain from source to consumer. Trusted by more than 1,200 leading retailers and manufacturers, SymphonyAI Retail CPG serves 15 of the top 25 global grocery retailers, the top 25 global CPG manufacturers, thousands of retail brands, and hundreds of national and regional chains. SymphonyAI Retail CPG is transforming retail and building a culture of contributing to positive change: SymphonyAI Retail CPG achieved 2022 Great Place to Work certification in all nine countries for which it was eligible.
Catena Solutions | September 19, 2022
Catena Solutions has launched to help companies build more resilient supply chains and create value from transformative projects. Catena Solutions is providing value to companies by focusing on specialization, expertise, and partnership in the supply chain industry.
"Catena Solutions was born out of a desire to help companies solve their supply chain problems through transformative projects, We know that supply chain disruption can derail a company's growth plans, which is why we are dedicated to helping clients meet their goals, whether that's related to people, productivity demands, green initiatives and more."
-Rich Diaz, CEO and President of Catena Solutions
With more than 250 advisors, strategists, and consultants with expertise in Business Transformation, Data & Analytics, and Strategic Finance & Global Sourcing, Catena Solutions is uniquely positioned to help companies create more efficient supply chains and stay ahead of market trends.
Catena Solutions works with a wide range of industries including logistics, manufacturing, food, retail and more. In the past year, the brand has helped more than 200 clients with supply chain projects, including some of America's largest, most trusted brands and midsize companies across industries.
We know every supply chain project is different, said Diaz. That's why we created a new kind of brand in Catena Solutions that understands a client's business, the transformation they are undergoing, and the people needed to accomplish their business goals today, tomorrow, and beyond.
About Catena Solutions
Catena Solutions, a division of Advanced Resources, helps companies solve their supply chain problems, creating value through their most transformative projects. Our team of advisors, strategists, and consultants support their transformation initiatives with expertise in three core areas: Business Transformation, Data & Analytics, and Strategic Finance & Global Sourcing. By understanding their business, transformation, and people needs to accomplish their goals, we create value today, tomorrow, and beyond. Learn more at www.catenasolutions.com.To learn more about Catena Solutions and its supply chain solutions visit www.catenasolutions.com/
SOFTWARE AND TECHNOLOGY
actyv.ai | September 21, 2022
actyv.ai seeks to interlink and impact enterprises, their business partners and financial institutions (FIs); orchestrating the whole business transaction on a single platform. Leveraging its SaaS technology platform, actyv.ai enables easy onboarding of distributors and suppliers onto an enterprise's network. The company’s aim is to provide alternative means of capital to an enterprise’s channel partners, based on their financial and non-financial data.
On a macro level, this is the value that actyv.ai brings to the table for all its stakeholders.
The enterprise has access to distributor’s digital records at the click of a button, is able to review and onboard credit worthy partners, can commence billing as early as day one, be risk compliant and offboard partners in case of noncompliance. FIs benefit by getting partners who have long standing relationships with enterprises and are credit worthy thus, offering lesser default risk.
actyv Score is a dynamic number which depicts current and future potential of business partners and is a key input to the credit scoring and underwriting algorithms of FIs and insurance providers. It is a multi-dimensional score based on financial and nonfinancial data of business partners.
actyv Go enables enterprises to discover, select, appoint, renew, empower and offboard distributors on its technology platform in a faster and more transparent way.
actyv PayLater is a BNPL approach towards B2B payment enabling flow of information across board. With this, the bank would rely not only on its algorithm but also the consumer’s actyv Score to assess credit worthiness, in addition to tracking and reconciliation.
With actyv Insure, an enterprise can enjoy bite sized products which offer protection against business loss.
Aligned to Environmental Social Governance (ESG), actyv.ai is reducing paper usage by digitising processes. The company is addressing the challenge of responsible and sustainable credit for SMBs by enabling manageable interest rates for the supply chain. Every document submitted by distributors on the actyv.ai platform is validated at source, aiding fraud prevention.
actyv.ai is in the process of transforming global B2B supply chain by making business transactions faster and easier through its AI-based offerings.