Supplycart offers ADAM, a cloud-based procurement platform that digitizes purchase requisition and order workflows while enhancing vendor management through a centralized portal. The platform addresses issues of poor visibility, excessive paperwork, and inefficient approval processes, resulting in significant time savings and improved compliance.
Funding
$2M 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
Many organizations face challenges with inefficient procurement processes, including poor visibility into spending, excessive paperwork, complex integrations, and messy or late approvals. These issues lead to delays, increased costs, and difficulties in maintaining compliance.
Solution
Supplycart offers ADAM, a cloud-based procure-to-pay platform designed to streamline and digitize purchase requisition and purchase order workflows. ADAM provides a centralized portal for enhanced vendor management, facilitating collaboration between procurement, finance, and IT teams. The platform offers features such as budget management, three-way matching, and e-invoice verification to optimize costs, ensure compliance, and drive operational excellence. By automating and centralizing the procurement process, ADAM helps organizations take control of their spending and improve overall efficiency.
Target Audience
ADAM is designed for procurement, finance, and IT teams within organizations looking to streamline their procure-to-pay process and improve vendor management.
Features
- Digital purchase requisition and purchase order workflows
- Vendor management with RFx capabilities (RFI, RFP, RFQ, RFT), vendor registration, and a vendor portal
- Budget management and spend tracking
- Three-way matching for invoice verification
- E-invoice verification
- Multi-location and entity support
- Approval workflows with conditional logic
- Role-based permissions and visibility
- Comprehensive audit logs for tracking
- Integration capabilities with SAP and Ariba