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View downloadsFinance scenario: Procurement insight acceleration
Download scenario guideAvailable with: Copilot for Finance (includes Copilot for Microsoft 365) Scenario level:
KPIs impacted
Supply chain costs
Value benefit
Cost savings
Using Copilot to procurement insight acceleration
1. Collaborative document review
Utilize Copilot for Finance in Excel to check for spending variances versus product deliverables.
![Excel icon](/wp-content/uploads/2023/10/icon-excel.png)
Copilot in Excel
Copilot for Finance (Preview)
Streamline contract review processes, Reduce manual effort, and ensure compliance.
2. Prepare for a meeting
In Outlook, use Copilot for Finance to display information about prior contracts and supplier payments to be confident you are negotiating with the latest info.
![Outlook icon](/wp-content/uploads/2022/05/outlook-mobile-icon.png)
Copilot in Outlook
Copilot for Finance (Preview)
Streamline contract review processes, Reduce manual effort, and ensure compliance.
3. Efficient meeting summaries
In the Supplier meetings, use Copilot in Teams to summarize agreements on deliverables and capabilities. Next, assign a rating based on established criteria.
![Microsoft Teams icon](/wp-content/uploads/2021/02/teams-icon.png)
Copilot in Teams
Improve meeting efficiency, capture essential points, and facilitate follow-up actions.
4. Interactive brainstorming
Have Copilot search data from contracts, meetings and e-mails to create a table of various suppliers organized by service delivered with a detailed assessment.
Copilot2
Boost creativity, foster collaboration, and generate innovative solutions.
5. Customized process documentation
Use Copilot in Word to generate new supplier contract terms and recommendations for updated preferred vendor lists.
![Word icon](/wp-content/uploads/2023/07/icon-microsoft-word.png)
Copilot in Word
Standardize procedures, reduce errors, and empower team members with comprehensive reference material.
1Access Copilot at copilot.microsoft.com or the Microsoft Copilot mobile app and set toggle to “Web”
2Access Copilot at copilot.microsoft.com, the Microsoft Copilot mobile app, or the Copilot app in Teams, and set toggle to “Work”