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Average Ratings 0 Ratings
Description
Buyer24.ai is an advanced procurement network driven by artificial intelligence that streamlines the RFQ and quoting processes for both buyers and suppliers. When buyers issue requests for quotes, an AI agent meticulously manages each request, quote, and follow-up within a network of pre-approved suppliers, significantly reducing the time it takes to go from requisition to purchase order from several weeks down to just a few days. The AI technology standardizes supplier responses from various formats like PDFs, Excel spreadsheets, and emails, presenting them in a cohesive side-by-side comparison of total costs, while also providing automatic extraction of line items, translation services, reminders, and follow-up notifications. Suppliers have the flexibility to reply via email or through an optional portal, ensuring that all quotes are delivered in the format specified by the buyer. This innovative platform integrates seamlessly with existing email systems and spreadsheets, allowing organizations to automate time-consuming procurement tasks without the need to alter their core ERP systems. By leveraging such technology, businesses can enhance their efficiency and improve supplier collaboration in an increasingly competitive landscape.
Description
Elsai Sourcing Intelligence is a procurement workflow solution enhanced by AI that assists supply chain teams in managing their sourcing processes effectively. It streamlines various tasks such as sourcing intake, supplier research and selection, the creation of RFx events, auction management, bid analysis, award recommendations, governance oversight, and sourcing analytics. This tool enables teams to oversee the entire sourcing journey from request to award, providing justifications for supplier choices and award decisions, allowing for human intervention in cases of policy exceptions or threshold-related awards, and utilizing versioned templates and rules. Additionally, it maintains a comprehensive, traceable record of all events, bids, communications, and decisions made throughout the process. Its dashboards provide insights into the sourcing pipeline, event cycle times, captured savings, supplier participation, and adherence to compliance standards. Specifically designed for regulated enterprises, this solution can be deployed in various environments, including private clouds, on-premises, or localized settings, and it seamlessly integrates with existing procurement, ERP, contracting, and supply chain systems, enhancing overall operational efficiency. This integration allows organizations to harness the full potential of their existing infrastructure while improving sourcing outcomes.
API Access
Has API
No
API Access
Has API
No
Screenshots View All
No images available
Screenshots View All
No images available
Integrations
Coupa
No
SAP Ariba
No
Pricing Details
$49/month
Free Trial
Yes
Free Version
No
Pricing Details
No price information available.
Free Trial
Yes
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
Yes
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
Yes
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
Buyer24.ai
Founded
2025
Country
United States
Website
buyer24.ai
Vendor Details
Company Name
elsai
Founded
2025
Country
India
Website
www.elsai.ai/supplychain-procurement/sourcing-intelligence
Product Features
Procurement
Asset Management
No
Auction Management
No
Bid Management
No
Budget Management
No
Catalog Management
No
Contract Management
No
Inventory Management
No
Invoice Processing
No
PunchOut
No
Purchase Order Management
No
Receiving
No
Requisitions & Approvals
No
Sourcing Management
No
Spend Management
No
Supplier Management
No