This Spend Matters PRO Vendor Analysis provides an overview of Mithra-Ai Solutions and its offering for spend analytics.
Many organizations handle spend data in one of two ways: a series of spreadsheets or a system so complex that only data scientists understand it. Data kept solely in spreadsheets is hard to analyze, update properly and track. Data in complex systems can be useful but often requires time and expertise to dig through it, which could create a bottleneck.
Mithra aims to solve these problems by finding a middle ground: it is a complex data system, but it operates on the tenet of being user-friendly. Users upload their spreadsheets, and Mithra’s AI does the hard work for them. While Mithra’s AI works in the background to complete complex data analysis, the user-facing aspect of the product is simple and easy to understand.
Here’s why Mithra-Ai matters:
- To the market — Mithra represents a trend in procurement technology to put user-friendliness at the forefront and may “shake up” some of the older, more complex solutions.
- To customers — Mithra’s tool “hides the complexity” for its customers; while complex data science and AI-driven analysis happens on the back-end, customers receive simply-displayed spend visibility and actionable insights.
- To the potential buyer — Mithra’s approach to user-friendly data analysis is necessary for buyers who need a tool that requires little technical knowledge.
This Spend Matters PRO Vendor Analysis explains what differentiates this vendor, gives an overview of its capabilities and competitors, provides tech selection tips and closes with key analyst takeaways.
