Kreta provides a cloud‑based platform that uses AI agents to automate the end‑to‑end sourcing workflow for SMB procurement teams. The system generates RFx documents, manages supplier Q&A, scores bids with analytics, and drafts contracts, cutting cycle times from weeks to days and delivering data‑driven supplier selection. Integrated market benchmarks and spend dashboards give continuous insight for cost optimization.
Funding
Funding not disclosed
Founders
Product
Problem
Small and medium-sized enterprises often lack dedicated procurement resources, causing sourcing cycles to stretch over weeks or months. Manual creation of RFx documents, supplier outreach, bid evaluation, and contract drafting are time‑intensive and prone to errors, limiting the ability to make data‑driven purchasing decisions.
Solution
Kreta delivers a suite of AI‑driven agents that automate each step of the sourcing workflow. The platform generates RFx documents from captured requirements, fields supplier inquiries through an intelligent chatbot, scores and compares bids using built‑in analytics, and drafts contracts ready for review—all within minutes. By operating continuously, the agents keep procurement pipelines moving 24/7, reducing cycle time from months to days. Integrated market analysis and performance dashboards provide quantitative insights that support better supplier selection and cost optimization. The solution is packaged as a cloud service, requiring no on‑premise hardware or specialized staff.
Target Audience
The primary users are procurement teams at small and medium-sized businesses seeking to accelerate sourcing and improve decision quality, as well as suppliers who engage through the AI‑enhanced response portal.
Features
- Task‑specific AI agents for RFx authoring, supplier Q&A, bid evaluation, and contract drafting
- Automated intake module that parses procurement requirements and populates structured RFx templates
- Supplier Response Portal with AI‑powered proposal assistance, real‑time chatbot support, and collaborative editing tools
- Bid scoring engine that applies weighted criteria, historical pricing data, and risk metrics to rank suppliers
- Data‑driven decision dashboard offering market benchmarks, spend analytics, and win‑rate forecasting
- Continuous 24/7 operation with cloud‑hosted infrastructure and role‑based access controls
- Secure data handling compliant with industry standards, including encryption in transit and at rest