North Carolina analytics provider Beroe and Florida-based ProcureAbility are working together to provide utilities with AI-enabled market intelligence.

Beroe, a SaaS-based procurement intelligence firm, is combining its commodities and indirect spend market intelligence and analytics with ProcureAbility’s research, advisory and procurement execution services.

As volatile costs, inflation and supply chain disruptions threaten procurement strategies and operations of the utilities industry, accurate and in-depth market intelligence can help bring stability, growth and operational excellence. The Beroe-ProcureAbility partnership brings together a knowledge of the utilities industry, procurement advisory services and an AI-powered market intelligence platform to help the utilities industry make informed sourcing decisions.

“We are excited to partner with ProcureAbility to deliver world-class market intelligence specifically to the utilities sector,” said Vel Dhinagaravel, CEO at Beroe. “The combination of our AI-enabled platform and ProcureAbility’s widely adopted transmission and distribution, generation, MRO, and other category coverage when backed by their delivery teams, multiplies the value to the utilities industry manifold.”

Conrad Snover, CEO at ProcureAbility, added: “ProcureAbility’s partnership with Beroe is a first-of-its-kind industry collaboration that offers the utilities industry unparalleled access to procurement-focused market intelligence powered by AI and human intelligence.”

This partnership will provide subscribers with access to on-demand intelligence for more than 250 categories unique to the utilities industry.

Beroe is a SaaS-based procurement intelligence and analytics provider. It delivers intelligence, data and insights that enable companies to make smarter sourcing decisions, leading to lower cost, reduced risk and greater profits. Beroe has been a source of intelligence for more than 15 years and partners with 10,000 companies worldwide, including 400 of the Fortune 500 companies.

ProcureAbility provides procurement services, offering advisory, managed services, digital, staffing and recruiting. For more than 25 years, it has focused on helping clients elevate their procurement function. It combines methodologies, analytics, market intelligence and industry benchmarks with a flexible and customisable service delivery model.