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Average Ratings 0 Ratings

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features
design
support

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Write a Review

Description

Coverbase is a procurement and third-party risk management platform powered by AI, crafted to streamline and automate every aspect of the supplier lifecycle, starting from vendor sourcing to contract management and ongoing monitoring. This innovative solution enables organizations to efficiently request suppliers, evaluate inherent risks, and collect necessary documentation through autonomous AI agents that can extract data from emails, portals, and internal systems, all without the need for manual involvement, thus removing the tedious back-and-forth communication. Furthermore, it offers workflow automation that harmonizes approvals, tasks, and information across various systems, complemented by a unified supplier data architecture that aggregates information from diverse tools into a singular, coherent record, enhancing workflows, reporting, and data-driven decisions. Coverbase integrates security, compliance, and risk assessment throughout the procurement process, empowering teams to validate controls, identify weaknesses, and keep comprehensive records ready for audits. By providing a comprehensive overview of supplier activities, it helps organizations remain proactive in managing their supplier relationships and associated risks.

Description

Felix (ASX.FLX) is a cloud-based procurement platform. It transforms the way asset owners and builders find, manage, and engage third-party suppliers. To significantly increase productivity, reduce risk, and reduce spending, centralise and streamline Vendor Management (S2C), and source-to-contract (S2C), processes. All the information, tools and people you need are connected in one platform.

API Access

Has API Yes 

API Access

Has API Yes 

Screenshots View All

Screenshots View All

Integrations

InEight No 
Oracle Aconex No 

Integrations

InEight Yes 
Oracle Aconex Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
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 No 
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 Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
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

Coverbase

Founded

2024

Country

United States

Website

www.coverbase.com

Vendor Details

Company Name

Felix

Founded

2014

Country

Australia

Website

www.felix.net

Product Features

Contract Management

Buy Side (Suppliers) No 
Completion Tracking No 
Compliance Tracking No 
Contract Lifecycle Management No 
Electronic Signature No 
Full Text Search No 
Government Contracts No 
Pre-built Templates No 
Sell Side (Customers) No 
Specialty Contracts No 
Version Control No 
Workflow Management No 

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 

Product Features

Compliance

Archiving & Retention No 
Artificial Intelligence (AI) No 
Audit Management Yes 
Compliance Tracking Yes 
Controls Testing No 
Environmental Compliance No 
FDA Compliance No 
HIPAA Compliance No 
ISO Compliance Yes 
Incident Management No 
OSHA Compliance Yes 
Risk Management Yes 
Sarbanes-Oxley Compliance No 
Surveys & Feedback Yes 
Version Control Yes 
Workflow / Process Automation Yes 

Contract Management

Buy Side (Suppliers) No 
Completion Tracking Yes 
Compliance Tracking Yes 
Contract Lifecycle Management No 
Electronic Signature No 
Full Text Search No 
Government Contracts No 
Pre-built Templates No 
Sell Side (Customers) No 
Specialty Contracts No 
Version Control Yes 
Workflow Management Yes 

Procurement

Asset Management No 
Auction Management No 
Bid Management Yes 
Budget Management No 
Catalog Management No 
Contract Management Yes 
Inventory Management No 
Invoice Processing No 
PunchOut No 
Purchase Order Management No 
Receiving No 
Requisitions & Approvals Yes 
Sourcing Management Yes 
Spend Management Yes 
Supplier Management Yes 

Sourcing

Auction Management No 
Budget Management No 
Collaboration Yes 
Global Sourcing Management No 
Rfx Management Yes 
Spend Management Yes 
Supplier Management Yes 
Supplier Qualification Yes 
Supplier Risk Management Yes 
Supplier Web Portal Yes 
Template Management No 

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