Finance scenario: Procurement insight acceleration
Available with: Microsoft 365 Copilot for Finance Scenario level:
KPIs impacted
Supply chain costs
Value benefit
Cost savings
Using Copilot for procurement insight acceleration
1. Collaborative document review
Utilize Copilot for Finance in Excel to check for spending variances versus product deliverables.
Copilot in Excel
Copilot for Finance (Preview)
Benefit: 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 information.
Copilot in Outlook
Copilot for Finance (Preview)
Benefit: Simplify the process of finding customer information to prepare for a meeting.
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.
Copilot in Teams
Benefit: Improve meeting efficiency, capture essential points, and facilitate follow-up actions.
4. Interactive brainstorming
Have Copilot search data from contracts, meetings, and emails to create a table of various suppliers organized by service delivered with a detailed assessment.
Business Chat2
Benefit: 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.
Copilot in Word
Benefit: 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 Business Chat at copilot.microsoft.com or the Microsoft Copilot mobile app and set toggle to “Web”.
3Copilot agents allow Microsoft 365 Copilot to access your organization-specific apps. In the past, this would have required an API call to get data from a system of record. The content in this example scenario is for demonstration purposes only. You should evaluate how Copilot aligns with your organization’s business processes, regulatory requirements, and responsible AI principles.
The content in this example scenario is for demonstration purposes only. You should evaluate how Copilot aligns with your organization’s business processes, regulatory requirements, and responsible AI principles.
