Procurable provides a strategic procurement platform that automates the RFQ process for manufacturing teams. The system structures and benchmarks supplier quotes against cost expectations, immediately highlighting overpayment opportunities. This allows procurement teams to execute cost reduction strategies efficiently without increasing manual workload.
Funding
Funding not disclosed
Founders
Product
Problem
Supply chain managers often spend excessive time on manual tasks such as redundant data entry and email communication with suppliers, leading to inefficiencies and reduced visibility into supplier performance. This reliance on manual processes hinders productivity and increases the risk of errors in procurement operations.
Solution
Procurable is a supply chain management platform designed to automate procurement operations by seamlessly integrating with existing technology stacks. The platform eliminates redundant data entry and streamlines communication with suppliers, acting as an assistant that retrieves updates and collaborates with suppliers. Procurable offers features such as request management via email, automated order management, live supplier scorecards, and automated invoice processing and validation. By automating these processes, Procurable enhances efficiency, improves visibility into supplier performance, and reduces the time spent on manual tasks.
Target Audience
Procurable targets supply chain managers seeking to automate procurement operations, reduce manual tasks, and improve visibility into supplier performance.
Features
- Seamless integration with existing tech stacks for streamlined data flow
- Request management via email, automating purchase request processing
- Automated order management, understanding supplier emails and updating systems accordingly
- Live supplier scorecards providing visibility into supplier performance
- Integration with ESG and third-party screening solutions for risk mitigation during supplier onboarding
- Automated invoice processing and validation, resolving discrepancies with suppliers
- Interactive reporting with conversational AI for managing supplier data and answering supply chain queries