Automatically get quotes for purchase requests from your existing suppliers
Intercept your existing purchase request (PR) approval process and automatically collect competitive quotes from your existing suppliers and a broader marketplace to achieve massive savings and gain visibility with all of your spending.
Overview
Speed up sourcing
Use automation to remove manual steps from the source-to-award process and drive up to 40% cycle time reduction, including supplier recommendation, RFQ publishing, supplier bid collection, and RFQ awarding.
Drive down costs
Find relevant suppliers for your RFXs within your supplier base and our marketplace to ensure you have the most competitive quotes possible. Your buyers now have the data they need to make effective business decisions now or re-negotiate contracts down the line.
Ensuring internal sourcing compliance
Automatically ensures compliance to 3-bid-and-a-buy policies, strategic and preferred vendor programs, and competitive bidding requirements. Exceptions are documented, managed and reportable.
Details
Solution type
Extensions and Add-ons
Industry
Cross-Industry, Oil, Gas, and Energy, Chemicals, Telecommunications
Compatibility
Works with
Features
Leverage native integration with SAP S/4HANA
Leverage out-out-the-box APIs and functionality of SAP S/4HANA's purchasing modules and integrations to provide a seamless experience for buyers and suppliers.
Recommend suppliers using AI and ML
Use our AI-powered recommendation engine and your existing supplier master to identify the correct suppliers for your event. Intelligent supplier recommendations find the best suppliers for your purchases, using both your historic data and ours.
Automating processes
Automate entire sourcing events, including vendor identification, bid invitations, and response scoring. Less manual work for your team means they’re spending more time on projects that matter.
