DigiProc offers a cloud-based platform for end-to-end supplier management, centralizing vendor data, contracts, and performance metrics. It streamlines procurement workflows, from onboarding to risk assessment, to optimize supplier relationships and ensure compliance.
Funding
Funding not disclosed
Founders
Product
Problem
Many organizations struggle to efficiently manage their tail spend, which includes a large number of suppliers that individually represent a small percentage of overall procurement spend. This often-overlooked area can lead to inflated costs, missed savings opportunities, compliance risks, and inefficient cash flow management.
Solution
DigiProc is a ProcureTech SaaS platform designed to provide actionable visibility and continuous optimization of tail spend. The platform enables procurement teams to comprehensively manage their entire supplier base by identifying suitable suppliers, creating data-driven negotiations, and tracking progress in real-time. DigiProc helps companies reduce costs by identifying and addressing excess supplier margins, proactively locking in prices, and ensuring favorable payment terms. The platform also helps to remove risk and secure compliance by ensuring adherence to ethical standards, Supplier Codes of Conduct, ESG criteria, and company Terms & Conditions.
Target Audience
DigiProc primarily targets procurement teams within organizations that are looking to gain better control and optimize their tail spend, reduce costs, improve cash flow, and ensure compliance across their supplier base.
Features
- Supplier base visualization for identifying suitable suppliers for negotiation.
- AI-driven negotiation suggestions based on DigiProc benchmarks and customer-specific insights.
- Automated negotiation execution and real-time progress tracking.
- Centralized dashboard displaying negotiation results for easy overview.
- Supplier adherence evaluation based on ESG criteria and CSRD requirements.
- Digital platform to manage supplier data, contracts, and performance metrics.