Products: ADA cloud-based Data-as-a-Service (DaaS) data analytics platform
Overview: Calculum’s ADA platform is claimed as the first AI-powered platform providing procurement and treasury insights on optimising supplier payment terms based on market and competitor data.
ADA is named after Ada Lovelace, the mathematician who did pioneering work on the earliest computer, the Analytical Engine. It uses rules-based logic to collate, process, analyse, predict, and visualise large volumes of data from multiple internal and external sources. It layers different factors to predict and estimate payment terms between corporates and their suppliers and customers.
The web-based data intelligence platform enables companies to analyse all of their suppliers with reference to payment terms, financials, credit ratings, diversity, and ESG, with a view to negotiating more favourable terms.
In addition, the ADA platform also facilitates collaboration between internal and external parties while eliminating the reliance on manual processes and Excel spreadsheets. Calculum’s data analytics is augmented by “negotiation scripts and arguments”, which are intended to provide additional competitive advantage for its users. Calculum claims on average more than 10% in working capital benefits and initiatives.
The end users for Calculum are wide ranging and include procurement officers, category managers, sourcing officers for indirect/direct spend, and treasury and finance professionals. It operates in most industries including retail, automotive, consumer goods, general manufacturing, mining, telecommunications, technology and electronics, food and beverage, agriculture, aerospace, and pharmaceuticals.
Clients: Forbes Global 2000 and mid-market firms
Active region(s): North America and Western Europe
Partners: Multiple, across various sectors, including LSQ, CRX Markets, Kyriba, ING Bank, Investverte, ModeFinance and Raistone Capital
Funding: Seed and investment
Ownership: Founders and co-founders, employees and investors, including Vestigo Ventures, NevCaut Ventures, Revolution, XBTO Humla Ventures, and KD Venture Partners.
Elevator pitch: “Calculum’s ADA platform is unique because it is the only platform that provides an objective, market-based, and yet constantly growing database with more than 1.2 million analysed suppliers. Driven by AI, it provides insights on the most appropriate payment terms with individual suppliers. In addition to an overview of more than 25 analysed data points, the ADA platform also generates customised scripts, with all required arguments for procurement to negotiate terms successfully with their suppliers.”
Email: [email protected]
Phone: +1 305 337 6347
TMI view: Payment terms negotiation and setting given the advanced technological treatment.
Verdict: A one-platform means of understanding, building, and presenting the best case for optimising payment terms, with working capital benefits for treasury.