Freqens
About Freqens
Freqens is a Negotiation Intelligence Platform that centralizes supplier data and provides real-time market insights to enhance purchasing strategies. By leveraging live market data and peer benchmarking, it enables companies to identify cost-saving opportunities and optimize their negotiation terms effectively.
```xml <problem> Many companies lack real-time visibility into market pricing and struggle to benchmark their supplier terms effectively. This makes it difficult to identify cost-saving opportunities and optimize purchasing strategies during negotiations. Existing benchmarking processes are often time-consuming, rely on outdated data, and lack the granularity needed for accurate comparisons. </problem> <solution> Freqens is a Negotiation Intelligence Platform that centralizes supplier data and provides real-time market insights to enhance purchasing strategies. The platform allows companies to benchmark their purchasing performance against live market data and peer benchmarks, uncovering previously unreachable insights. By connecting order forms, contracts, and invoices, Freqens enables users to monitor suppliers, manage contracts, and identify savings opportunities. The platform empowers internal buyers with price insights before negotiations, fostering cross-team collaboration and enhanced teamwork. </solution> <features> - Centralized dashboard for managing suppliers' products, contracts, and purchasing terms - Real-time market data and peer benchmarking for accurate price comparisons - Identification of cost-saving opportunities and contract deadline control - Personalized insights and cost outlier detection - Secure data encryption, segregation, and EU cloud hosting - Role-based access control for enhanced teamwork </features> <target_audience> Freqens targets procurement teams, CFOs, and other professionals responsible for optimizing spending within organizations across various industries. </target_audience> ```
What does Freqens do?
Freqens is a Negotiation Intelligence Platform that centralizes supplier data and provides real-time market insights to enhance purchasing strategies. By leveraging live market data and peer benchmarking, it enables companies to identify cost-saving opportunities and optimize their negotiation terms effectively.
Where is Freqens located?
Freqens is based in Paris, France.
When was Freqens founded?
Freqens was founded in 2024.
How much funding has Freqens raised?
Freqens has raised 3220000.
- Location
- Paris, France
- Founded
- 2024
- Funding
- 3220000
- Employees
- 9 employees
- Major Investors
- Seedcamp