The startup offers an integrated platform that connects suppliers and wholesalers with retailers, enabling efficient demand consolidation and purchase volume predictability. This solution enhances market transparency and competitiveness, allowing businesses to streamline their ordering processes and improve profitability.
Funding
$7.5M 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
Pharmacies often spend excessive time and resources manually comparing prices and stock availability across multiple distributors. This process is inefficient, leading to missed opportunities for cost savings and potential stock shortages.
Solution
Extendeal provides a centralized, intelligent purchasing platform that connects pharmacies with multiple distributors, enabling real-time price and availability comparisons. The platform streamlines the procurement process by consolidating distributor information, automating order placement, and factoring in special agreements and purchase priorities. By providing a single interface to manage multiple distributor relationships, Extendeal allows pharmacies to optimize their purchasing decisions, reduce stockouts, and improve profitability. The system also offers a reporting module that provides insights into purchasing patterns, identifies savings opportunities, and facilitates data-driven decision-making.
Target Audience
Extendeal primarily targets pharmacies of all sizes seeking to streamline their procurement processes, reduce costs, and improve stock management.
Features
- Real-time price and stock comparison across connected distributors
- Centralized platform for managing multiple distributor accounts with single sign-on
- Automated order placement with integrated stock validation
- Customizable purchase conditions to reflect special agreements and priorities
- Product recommendations based on past purchase history
- Identification of equivalent products to mitigate stock shortages
- Reporting module for analyzing purchasing trends and identifying savings opportunities
- Automatic documentation submission to distributors for new account requests