Procuro
About Procuro
Provides an AI-powered contract management platform that automates procurement contract digitization, analysis, and optimization. It reduces manual effort by 700 hours annually and identifies cost-saving opportunities, helping organizations save an average of 0.5% of their total procurement spend.
```xml <problem> Managing procurement contracts often involves manual processes for digitization, analysis, and tracking, leading to inefficiencies and potential oversights. Searching for specific clauses, identifying risks, and ensuring compliance across a large volume of contracts can be time-consuming and error-prone. This can result in missed cost-saving opportunities and increased exposure to contractual risks. </problem> <solution> Vallor AI provides an AI-powered contract management platform designed to automate and optimize the entire procurement contract lifecycle. The platform digitizes and centralizes contracts, making them easily accessible and searchable. Its AI copilot analyzes contract clauses to identify potential risks and provides insights to improve contract terms. By automating tasks such as obligation tracking and reporting, Vallor AI enables procurement teams to make data-driven decisions and unlock more value from their contracts. </solution> <features> - AI-powered contract digitization and centralization for easy access - Automated risk analysis and clause identification - AI Copilot to answer questions about contracts and provide transparency - Obligation tracking and automated alerts for key dates and milestones - Customizable reporting and analytics dashboards - Integration with existing procurement systems via API - Secure, cloud-based platform with role-based access control </features> <target_audience> The primary target audience includes procurement, finance, operations, and legal teams within organizations of all sizes that manage a significant volume of procurement contracts. </target_audience> <revenue_model> Vallor AI offers a subscription-based pricing model with different tiers based on the number of contracts and users. </revenue_model> ```
What does Procuro do?
Provides an AI-powered contract management platform that automates procurement contract digitization, analysis, and optimization. It reduces manual effort by 700 hours annually and identifies cost-saving opportunities, helping organizations save an average of 0.5% of their total procurement spend.
Where is Procuro located?
Procuro is based in Miami, United States.
When was Procuro founded?
Procuro was founded in 2023.
How much funding has Procuro raised?
Procuro has raised 100000.
Who founded Procuro?
Procuro was founded by Shane Martin and Antonio Goncalves.
- Shane Martin - Founder
- Antonio Goncalves - CEO
- Location
- Miami, United States
- Founded
- 2023
- Funding
- 100000
- Employees
- 4 employees