Tampa, Florida - 10/16/2024 - Veteran1, a leader in innovative global supply chain business solutions, today announced the launch of PrecisionForecast AI, a groundbreaking tool designed to transform financial planning and procurement processes for organizations across industries.
PrecisionForecast AI leverages advanced artificial intelligence and machine learning technologies to provide unparalleled accuracy in CPI (Consumer Price Index) forecasting. This cutting-edge solution enables businesses to optimize their financial strategies, budgeting, and purchasing decisions with data-driven insights.
Key features of PrecisionForecast AI include:
AI-Driven CPI Forecasting with exceptional accuracy (margin of error as low as 0.11 percentage points)
Dynamic Budgeting Tool that can potentially reduce IT budget variance from 15% to less than 5% year-over-year
Strategic Purchasing Advisor for optimal timing of purchases
Contract Negotiation Assistant providing data-driven insights
Cash Flow Optimization for enhanced financial management
Risk Management with AI-driven hedging strategies
Capital Expenditure Planner for informed long-term decisions
Budget Allocation Optimizer with AI recommendations
"PrecisionForecast AI represents a significant leap forward in financial management technology," said Anthony Therialt, Managing Partner of Veteran1. "Our solution empowers finance and procurement teams to make more informed decisions, reduce costs, and gain a competitive edge in today's challenging market."
Early adoption of this modeling approach has yielded impressive results. A Fortune 500 company achieved 25.54% year-to-date savings on annual IT purchases by leveraging this statistical model created by Anthony Theriault to enhance negotiations with suppliers.
PrecisionForecast AI is now available for implementation across various industries. Organizations interested in revolutionizing their finance and procurement processes are encouraged to contact Veteran1 for more information.
About Veteran1: Veteran1 is a global supply chain company that offers comprehensive support to organizations seeking commercial and corporate goods and services.
For more information, press only: info@Veteran1SCM.com
For more information on PrecisionForecast AI: https://www.veteran1scm.com/contact
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