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Vendor invoice reconciliation is an essential yet time-intensive task for finance teams. Accounts payable (AP) professionals, on average, process just five to ten invoices per hour, often focusing on the most significant contracts or suppliers. This leaves smaller invoices and less prominent vendors unchecked. While these smaller contracts may seem insignificant individually, their cumulative impact […]
Did you know that businesses using AI for demand forecasting have seen forecast accuracy improve by 30-50%, inventory levels reduced by 20-30%, and carrying costs cut significantly? These results transform how companies approach one of the toughest forecasting challenges: intermittent demand. Intermittent demand—the erratic, low-volume demand for certain products—has long frustrated demand planners. These items […]
For many retail and manufacturing companies, growth often comes from acquisitions, bringing valuable products, new customer segments, and increased complexity. Forecasting demand across thousands of SKUs – each with unique patterns and often housed in disconnected systems – can quickly overwhelm traditional methods. The result? Risky stockouts for high-demand items, costly overstock of slower-moving products, […]
In today’s fast-paced market, manufacturers and retailers face immense pressure to optimize pricing strategies and maximize profitability, yet many leave substantial profit potential untapped. A McKinsey study reveals that, on average, a 1 percent price increase can deliver an 8.7 percent boost in operating profits. Companies across industries have achieved profit-margin lifts of 3 to […]
https://sway-ai.com/wp-content/uploads/2024/08/DataExplorerMinute.mp4 In a data-driven world, businesses are eager to harness the power of AI and data science to drive smarter decisions and gain a competitive edge. Yet, many companies are stuck due to a shortage of skilled data scientists. The most time-consuming and challenging parts of data science—exploratory data analysis (EDA) and data preparation—create barriers, […]
Partnership brings AI automation to vendor risk management for credit unions. BOSTON, October 29, 2024 /PRNewswire/— Sway AI, an innovator in no-code AI for business teams, and Rochdale, a leader in strategy and risk management for credit unions, have partnered to streamline document management and vendor onboarding using Generative AI. The collaboration will integrate Sway […]
In today’s fast-paced AI landscape, accessing advanced models is critical for improving demand forecasting accuracy and making data-driven decisions. Businesses that want to stay competitive need more than simple forecasting tools—they require models capable of handling complex patterns and delivering precise results, even as their data evolves. With its growing library of state-of-the-art (SOTA) models, […]
It was just another day at Snowflake, but for me—and Sway AI—it was a little more special. As a startup partner with Snowflake, I appreciated the chance to talk about Sway AI and how we integrate with their platform for the AI Builders Series on YouTube. It’s not every day you get to sit down […]
In today’s data-driven world, businesses rely on AI and machine learning to gain a competitive advantage. With increased access to data and the emergence of no-code tools for data analysis, business teams are becoming more involved in AI projects, including preparing data for analysis. But, there is a problem. These new data users may fall […]
As businesses across various departments, including finance, marketing, and supply chain, embrace predictive analytics and AI to drive innovation, they often find themselves caught between the desire for speed and the imperative of data security. The allure of SaaS applications, with their promise of easy implementation and minimal IT support, can be compelling. However, these […]