Accurator is a procurement platform designed specifically for the construction industry, automating the tendering and purchasing processes through integrated tools for supplier evaluation and contract management. By streamlining workflows, Accurator enables users to reduce procurement time by 40-70%, allowing them to focus on negotiations and value-added activities.
Funding
$974.3K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The construction industry faces challenges in efficiently managing procurement processes, including tendering, supplier evaluation, and contract management. Traditional methods often involve manual tasks, leading to time-consuming workflows and reduced focus on negotiations and value-added activities. Lack of a centralized platform for communication and documentation can also hinder transparency and traceability.
Solution
Accurator is a procurement platform tailored for the construction sector, designed to automate and streamline tendering and purchasing workflows. The platform integrates tools for supplier evaluation, contract management, and communication, providing a centralized hub for all procurement-related activities. By automating tasks such as supplier vetting and request for quotation (RFQ) distribution, Accurator enables users to significantly reduce procurement time. The platform also facilitates improved collaboration and transparency through features like centralized communication logs and document management.
Target Audience
Accurator primarily targets construction and real estate companies in Sweden seeking to streamline their procurement processes and improve efficiency.
Features
- Automated tendering process with digital RFQ distribution and management.
- Integrated supplier evaluation tools, including credit checks, ID06 verification, and collective agreement compliance checks via API integrations.
- Centralized communication log for all project-related discussions and documentation.
- E-signature functionality for contracts directly within the platform.
- Project overview dashboard for tracking active and completed projects.
- Role-based access control to manage user permissions and data visibility.