Businesses are sitting on a goldmine of data. Contracts, invoices, purchase orders – these documents hold the key to unlocking millions in savings and driving smarter decisions. Yet, most organizations struggle to harness this power, with critical information siloed across disparate systems. Also, ERPs and P2Ps do not have AI document intelligence, leaving a huge data gap.
This is where Terzo comes in, leveraging cutting-edge AI to unlock critical data hidden in documents, empowering data-driven decisions that maximize financial performance. And now through our collaboration with IBM, we can deliver generative AI and Natural Language processing capabilities through IBM watsonx Assistant, helping customers get insights faster from their financial data.
With the integration of Terzo and watsonx Assistant, Finance and Procurement teams will be able to instantly access insights from documents like supplier contracts and invoices. This will help accelerate decision-making and save teams time on reporting and forecasting. Supplier cost optimization and consolidation remain top priorities for Terzo’s customers who on average, are saving 10% on annual supplier spend based on customer surveys.
IBM watsonx AI Assistant embedded in Terzo
Terzo engineers collaborated with technical experts from IBM’s Ecosystem Engineering team to bring enterprise customers a dynamic AI assistant that can rapidly learn from unique data sets and user interactions. Terzo users will be able to effortlessly search, sort, and report on their data. The platform’s intuitive design eliminates the need for multiple mouse clicks and streamlines the user experience. In fact, by leveraging watsonx Assistant, Terzo intends to reduce 6+ clicks down to a single prompt for its customers when doing initial UX testing.
“The IBM team has been incredible to work with across sales, engineering and the partner org. I am so impressed with how they have treated us since day 1 and how seriously they are taking this AI opportunity from the top down. We are so grateful to have a powerhouse partner like IBM team up with us to serve Fortune 500 customers” said Terzo CEO and founder, Brandon Card.
Users will be able to ask their data questions like, “Show all FY25 renewals over $100k ” or “Find invoices with payment terms less than Net-60,” and Terzo Assistant leveraging watsonx can instantly analyze thousands of documents to deliver precise answers. This intelligent assistant will continuously learn and adapt to each customer’s unique, private data, ensuring accuracy and relevance. In today’s environment, Procurement teams need to find a way to “Do more with less” and this combination certainly helps.
This powerful combination can change how users interact with large data sets to quickly uncover insights and answer critical questions with a goal to drive better financial outcomes.
The Terzo and IBM collaboration is underpinned by trust and innovation
Terzo is working with IBM to leverage their expertise in building trustworthy AI, particularly for large enterprises with stringent data security and privacy requirements. Terzo strengthens its commitment to transparency and data protection, ensuring that sensitive information remains secure while enabling clients to leverage the full potential of their data with confidence.
We believe this focus on enterprise-grade security and compliance will help set Terzo apart from many startups that are not prioritizing data governance or properly handling sensitive information. With the addition of generative AI on top of high-quality data, Terzo can help transform business operations and enable companies to unlock their data to make smarter, data-driven decisions.
To learn more about how Terzo can improve financial performance, book a demo today.
