TORONTO, March 10- OutsideIQ, a Canadian startup which uses cognitive computing to analyze data, is partnering with the world’s largest business commerce network, SAP Ariba, to help corporations quickly screen vendors for risk and regulatory compliance, they said. Companies spend a…
(Refiles to fix subsidiary name throughout)
TORONTO, March 10 (Reuters) – OutsideIQ, a Canadian startup which uses cognitive computing to analyze data, is partnering with the world’s largest business commerce network, SAP Ariba , to help corporations quickly screen vendors for risk and regulatory compliance, they said.
Companies spend a significant portion of their budget on meeting regulatory requirements. OutsideIQ’s software can do 80 percent of the error-prone work done by humans for a few dollars or tens of dollars in minutes instead of days, OutsideIQ founder and Chief Executive Dan Adamson said.
The partnership with SAP Ariba, a subsidiary of German software giant SAP, is set to be unveiled later this month, the companies said in interviews this week.
