184. Making savings from better contract management

Bicara Supply Chain

Guest Name: Richard Martin, Founder & CEO, Thinking Machine, Language: English, Publication date: Oct, 01. 2022

Richard is the founder and CEO at Thinking Machine, it's a new breed of expense management focused on savings and consolidated billing where he created a special system with machine learning and AI technology dedicated to making complex contracts and billing reporting simple and accurate. With close to US$1M in funding by 2021, and experience working with invoices and contracts from 26 countries in 18 languages, Thinking Machine is rapidly becoming a must have solution for telecom companies and enterprises with large annual spend on Telco and IT services. Prior to this role, Richard was a Business Intelligence Lead at Tesla for over a decade.

Some of the questions we asked Richard during our conversation.

• What are the most common leaks that procurement overlooks when looking for cost savings?
• How can a better CM (Contract management) improve savings?
• If I were a founder of a new SME (Small business-entreprise), Will you still recommend using "the technology" to manage CM (Contract management)
• What is the ideal CM (Contract management) in one sentence?

Connect with Richard on Linkedin by clicking here.