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Description
Freqens’ AI-driven technology transforms software expenditures into valuable savings by focusing on renewal detection, market benchmarks, vendor satisfaction, and dependable alternatives.
Essential Features
- Subscriptions: Stay ahead of renegotiations with our AI system that automatically identifies critical deadlines in supplier contracts and notifies the appropriate personnel at just the right moment.
- Reviews: Gather insights on supplier satisfaction directly from the teams that interact with them, ensuring feedback is relevant and actionable.
- Alternatives: Instantly discover the most suitable alternative suppliers using reliable market data and current industry trends with just one click.
- Benchmarks: Access real-time market pricing derived from anonymized transactions, scrutinize each line item, and reveal concealed costs down to the SKU level.
Advantages
- Achieve savings of up to 45% on your software acquisitions.
- With Freqens technology, every software expense is leveraged as an opportunity for savings, enabling organizations to optimize their budgets effectively.
Description
Maximizing the profit margins you gain from your suppliers can be a challenging endeavor and is often regarded as a skillful art. In the realm of purchasing, it's apparent that suppliers do not always provide their most competitive pricing. This creates a perpetual cat and mouse dynamic regarding how profits are shared between your company and the suppliers. The best pricing is influenced by how eager the supplier is to secure your business, and their level of concern about potentially losing it. So, how can one effectively and swiftly illustrate this concept? Procurement Power offers a streamlined platform where suppliers compete against one another and can clearly see their bidding positions, which ultimately creates a more equitable marketplace. Numerous Fortune 500 companies have recognized the advantages of this purchasing strategy and have been implementing various auction systems for their suppliers for several years now. It's important to note that every purchase carries its associated costs, which can fluctuate based on the nature of the item being procured and the extent of negotiations involved. Additionally, understanding these dynamics can lead to better decision-making and improved supplier relationships.
API Access
Has API
No
API Access
Has API
No
Screenshots View All
No images available
Integrations
No details available.
Integrations
No details available.
Pricing Details
900€/month
Free Trial
No
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
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)
No
In Person
No
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
Freqens
Founded
2024
Country
France
Website
www.freqens.com
Vendor Details
Company Name
Serex Procurement Solutions
Founded
2013
Country
Canada
Website
www.serexprocurementsolutions.com
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
Product Features
Procurement
Asset Management
No
Auction Management
Yes
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