Artificial intelligence creates new possibilities for automating the notoriously complex process of offer creation. Digital transformation and innovation is the future of construction – the digitalBAU 2024 trade fair in Cologne from February 20 to 22 is the innovation platform for the entire industry. In Hall 1 Stand 143/8, kinisto presents the AI solution for construction suppliers that fundamentally transforms the quotation process.
The Role of AI in Offer Creation for Building Materials Distribution
The complex process of inquiry processing burdens building materials manufacturers and distributors. Even mid-sized companies sometimes have to invest more than 1,000 person-days per year in processing inquiries. This ties up valuable resources.
Through the use of artificial intelligence, new possibilities emerge for automating the notoriously complex process.
With the kinisto AI solution specifically for construction suppliers, incoming BOQs and email texts are analyzed, relevant items are recognized, and appropriate products for the offer are automatically suggested.
The automation of previously only manually executable activities enables processing inquiries and tenders in much shorter time.
The Significance for Sales at Construction Suppliers
Cutting-edge technology enables building materials manufacturers and distributors to automate previously only manually executable processes in offer creation. Sales teams can thus better exploit revenue potential, as processing inquiries takes less time, which in turn means that significantly more inquiries and tenders can be processed overall.
The AI Software kinisto as Assistant to Inside Sales
With reading comprehension at human level, the AI software kinisto recognizes information in previously non-machine-readable documents.
Using Natural Language Processing, a subset of artificial intelligence, the AI recognizes not only individual text components in documents but relates them to each other in context. This way, the software can recognize relationships, read and assign data very reliably.
Automated Item Recognition in Inquiries
kinisto can analyze BOQs for relevant items regardless of length, format, and structure of the documents. The AI software is high-performing, fast, and above all precise. Information is available in structured form in the shortest time, regardless of whether incoming documents were provided as PDF, in GAEB format, or as email. Inquiry items relevant to the company thus no longer need to be laboriously identified by employees and transferred into the system.
Suggestion of Own Products Matching the Inquiry
The AI software not only reliably recognizes items requested via BOQ, it can also suggest matching products from the company’s own portfolio based on specifications. This is independent of the exact designation in the document. kinisto can match direct inquiries as well as neutral tenders and tenders with third-party products. Furthermore, incorrect spellings or typos in texts do not affect recognition rates.
Quick Review of AI Results via Interface
kinisto is intuitive to use. Employees can quickly view extracted data on the user interface and check and edit it at any time in direct comparison with the original document. A simple color scheme also quickly shows with what “confidence” – i.e., how certain – the AI has correctly recognized the data. Product suggestions from the AI can also be adjusted via dropdown menu. With one click, quote data is then transferred to the ERP system.
See kinisto Live at digitalBAU 2024 – Hall 1 Stand 143/8
The trade fair focusing on digitalization and innovation in construction is an ideal framework to see the AI software in action and have personal discussions. We look forward to meeting you at our stand.
On Wednesday, February 21, 2024 at 4:30 PM, we will also give a presentation on the use of artificial intelligence in quote management.
Individual Consultation and Demo
Would you like to learn more about the AI software kinisto independent of digitalBAU 2024? Reserve an appointment that fits your calendar. We’re happy to answer your questions.
