The bumpy road to successfully building an AI procurement business

Explore how and why we build CostBits and leverages AI to transform messy procurement data into actionable insights with insights from CEO Thomas Njor and Charles Cormier.


🎙️ Excited to expand the discussion with Charles Cormier on how we leverage AI to solve the never ending issues with poor procurement data and what that journey really feels like (it's real life - not Hollywood)

In this episode, Charles and I dive into the journey we've been on at CostBits since our last podcast together a year ago. 🚀

From starting with a vision of transforming procurement to now actively leveraging AI to solve some of the biggest challenges in spend analytics, it’s been an incredible ride.

💡 We talk about:
👉 How CostBits is turning messy procurement data into actionable insights with AI
👉 The ups and downs of the founder journey and what I’ve learned along the way
👉 Our commitment to impact procurement—helping businesses reduce costs and their environmental footprint

The conversation was, as always, engaging, entertaining, and packed with honest reflections. Charles knows just how to ask the right questions and push the discussion deeper! 🔍

If you’re interested in:
✔️ AI’s transformative role in procurement
✔️ The real challenges (and triumphs!) of scaling a startup
✔️ Insights from the intersection of business, data, and sustainability

... then you don’t want to miss this one.

🎧 View it here: 



A huge thanks to Charles for having me back—these conversations are always a highlight! 

See also our top 20 free advice for rapidly reducing supplier costs

 

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