SIB’s AI-powered spend intelligence platform, has been recognized with an AI Excellence Award for innovation in procurement and enterprise AI. The award highlights SIB’s approach to helping organizations uncover savings opportunities, improve visibility across complex spend environments, and apply AI in a way that is accurate, explainable, and private.
Following the award announcement, SIB CEO Shannon Copeland joined the Winner’s Circle podcast to discuss the future of spend intelligence, ontology-driven AI, and why enterprise organizations need more than disconnected systems and generic AI tools to truly understand their data.
“Each client gets a private brain that no one learns from, including us. We use LLMs, but they are no better than the backup singer in the band. The lead singer is an ontology.”
Shannon Copeland,
Chief Executive Officer
Copeland explains why SIB built SpendBrain around private ontologies instead of relying solely on LLMs, how organizations are uncovering hidden savings opportunities across invoices and vendor contracts, and why human expertise remains critical in enterprise AI.
The conversation also explores the operational challenges facing procurement and finance teams today, including fragmented data, invoice errors, and the difficulty of maintaining real-time visibility across enterprise spend.
Listen to the full Winner’s Circle episode with Shannon Copeland to hear the complete discussion on award-winning AI, procurement transformation, and the future of enterprise spend intelligence.
