ACROSS DIFFERENT INDUSTRIES

Poor procurement costs businesses $1.98 trillion a year

LACK OF BUSINESS UNDERSTANDING

Business expectations are not always met by procurement teams

COMMUNICATION INEFFICIENCIES

Teams work in silos and lack of communication reduces the efficiency

LACK OF EFFICIENT RESOURCES

Procurement teams do not receive the same investment ( HR, technology ) as the rest of business

How it works

01

When logged in, user is recognized by the tool & relevant approver is assigned

02

For each project user completes an interactive template. If the project is above $Xk, procurement team receives a notification

03

Based on the project description, the most relevant suppliers are suggested from the existing pool. New suppliers can be added

04

User launches the project and once logged in, supplier(s) see the brief and a cost template to complete

05

When user receives a completed proposal from the supplier, an optimal price & KPI set are recommended by Promore analytics

06

User can modify the recommendation and share it back with the supplier(s) in one click. User can chat with the supplier(s) within the tool

07

When user receives a counter proposal that is matching the needs & budget, he/she approves it

08

If not involved earlier, procurement team receives a notification to review the project summary and approve the deal

09

Once the deal is approved, a summary is converted into a PO / Works order

What makes us different

SAVINGS INCREASE

By covering the unmanaged spend and increasing the efficiency of tactical spend negotiation we unlock at least 10% of additional savings

MINIMUM EFFORTS FOR YOUR TEAM

Once the intake phase is over, the tool gives price recommendations to the business stakeholders automatically

NO RESULT NO PAY

We make sure you spend budget on real added value. So you only pay when we hit the agreed KPIs

UNIQUE ANALYTICS APPROACH

We take the logic of procurement professionals when analyzing the quotes from suppliers and teach machines how to do it faster & more accurate

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