Finance scenario: Procurement insight acceleration

Download scenario guide
Available with: Copilot for Finance (includes Copilot for Microsoft 365) Scenario level:
Buy

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.​

Excel icon

Copilot in Excel

Copilot icon

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.

Outlook icon

Copilot in Outlook

Copilot icon

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.

Microsoft Teams icon

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.

Microsoft Copilot icon

Copilot2

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.

Word icon

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 Copilot at copilot.microsoft.com, the Microsoft Copilot mobile app, or the Copilot app in Teams, and set toggle to “Work”.

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.