BoltWise provides an AI-powered quoting and supply chain platform specifically designed for fastener and industrial distributors, enabling rapid part matching and automated quote generation. This technology reduces quote turnaround time from days to minutes, allowing sales teams to focus on customer relationships and efficiently manage inventory.
Funding
$4M 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
Fastener and industrial distributors often face challenges in quickly matching customer requests to available parts due to messy part descriptions and the need to manually search through extensive catalogs. This process leads to long quote turnaround times, hindering sales team efficiency and potentially losing business to competitors.
Solution
BoltWise offers an AI-powered quoting and supply chain platform designed to streamline the quoting process for fastener and industrial distributors. The platform uses AI-driven part attribution and search capabilities to rapidly match customer requests with the distributor's inventory, regardless of the format in which the request is received. By automating part matching and quote generation, BoltWise reduces quote turnaround time from days to minutes, enabling sales teams to focus on customer relationships, manage inventory effectively, and respond quickly to new opportunities. The system also facilitates onboarding new sales representatives and expanding into new product lines by providing seamless navigation of the distributor's catalog.
Target Audience
The primary target audience includes fastener and industrial distributors looking to improve quoting efficiency, reduce turnaround times, and empower their sales teams.
Features
- AI-powered part attribution and search to categorize and attribute parts from messy descriptions in minutes
- Automated quoting to convert customer requests into ready bids without manual data entry
- Quote management dashboard providing insights into quote times, win rates, and sales trends
- Compatibility with 150+ types of fasteners and 250+ types of other industrial goods
- ERP data import/export capabilities without requiring an API connection
- Supplier library (coming soon) for checking part availability across multiple suppliers
- Data encryption to ensure data privacy and security