Tradata Systems

Tradata is a web and mobile application that streamlines, optimizes and drives cost savings for the procurement function in financial services companies and SMME’s. We identified that our target market’s current procurement processes are rigid and manual leading to operational complexities and inefficiencies. The net result has been no real-time oversight of budget versus actual spend data, an increase in error rates, process bottlenecks, non-compliance increasing their risk exposure to fraud and increasing administration costs. On Tradata leading Group financial Institutions have been able to manage spend within budget after continually overshooting their budget allocations. We have companies whose procurement processes are now paperless, seamless and compliant after constantly failing internal and external audit reviews. Comprehensively our clients are realizing cost savings of up to 30% on our solution. Our solution uses process automation, real time insights and data analytics to deliver on the unique requirements of our target market at a lower cost than our competitors. Secondly our solution aggregates the data and correlates it into algorithms based on our client’s business models using machine learning. Predictive analytics and AI technology applied on their data models will prompt real-time responses and recommendations where for example; stock usage patterns or purchases are not efficient and optimal for the organization.