Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
The Source-to-Pay (S2P) process represents a comprehensive sequence of activities that link an organization with its suppliers, initiating with the identification of suitable suppliers to meet specific needs, followed by negotiations and contract agreements for the acquisition of goods and/or services. This process concludes with the invoicing and payment to these suppliers. S2P also involves strategic procurement processes, including spend analysis, sourcing, contract management, and supplier management, which addresses supplier information, risk assessment, and performance evaluation, along with downstream tasks such as electronic procurement, purchase orders, invoice automation, and accounts payable operations. Organizations leverage the Source-to-Pay framework to minimize expenses, mitigate risks, foster innovation, enhance supplier partnerships, and achieve a range of other objectives. Additionally, Ivalua’s Source-to-Pay platform streamlines and digitizes the entire process across all categories of spending and supplier relationships, thereby improving efficiency and effectiveness in procurement activities. This holistic approach empowers businesses to respond quickly to market changes while optimizing their supply chain management.
Description
ProQurAI, developed by Digicode, is an innovative procurement automation solution that is independent of any specific ERP system and employs multiple AI agents to enhance the Source-to-Contract (S2C) process. Functioning securely within the confines of corporate firewalls, ProQurAI utilizes nine distinct autonomous AI agents that tackle various stages including Intake, Sourcing, RFx, Evaluation, Risk, Contract, Negotiation, Spend, and Orchestration, allowing them to collaboratively manage intricate procurement workflows without being dependent on conventional software bundles. This advanced system significantly reduces the time traditionally needed for procurement cycles from 60 to 90 days down to less than 30, transforms RFP drafting into a matter of minutes, and enables organizations to achieve annual spend savings of 5 to 10% through efficient spend routing, negotiation enhancements, and effective tail-spend management. ProQurAI is compatible with major platforms such as SAP, Oracle, and Microsoft, and it guarantees complete data privacy, employs private LLMs, maintains comprehensive audit trails, and incorporates human oversight at every stage of the approval process. With its ability to adapt to various procurement scenarios, ProQurAI stands out as a versatile tool in the ever-evolving landscape of procurement technology.
API Access
Has API
No
API Access
Has API
No
Screenshots View All
No images available
Integrations
Adobe Acrobat Sign
Yes
Beamy
Yes
Docusign
Yes
Entrio
Yes
IntegrityNext
Yes
Leah
Yes
Lemon Learning
Yes
Procure Ai
Yes
Punchout Catalogs
Yes
Shortways
Yes
Integrations
Adobe Acrobat Sign
No
Beamy
No
Docusign
No
Entrio
No
IntegrityNext
No
Leah
No
Lemon Learning
No
Procure Ai
No
Punchout Catalogs
No
Shortways
No
Pricing Details
No price information available.
Free Trial
Yes
Free Version
No
Pricing Details
Contact sales for a quote
Free Trial
Yes
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
Yes
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
Yes
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
No
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
Ivalua
Founded
2000
Country
United States
Website
www.ivalua.com
Vendor Details
Company Name
Digicode
Founded
2008
Country
Slovakia
Website
www.mydigicode.com/ai-powered-procurement/
Product Features
Contract Management
Buy Side (Suppliers)
No
Completion Tracking
No
Compliance Tracking
No
Contract Lifecycle Management
Yes
Electronic Signature
Yes
Full Text Search
No
Government Contracts
No
Pre-built Templates
Yes
Sell Side (Customers)
No
Specialty Contracts
No
Version Control
No
Workflow Management
Yes
Procurement
Asset Management
Yes
Auction Management
Yes
Bid Management
No
Budget Management
Yes
Catalog Management
Yes
Contract Management
Yes
Inventory Management
No
Invoice Processing
Yes
PunchOut
Yes
Purchase Order Management
Yes
Receiving
Yes
Requisitions & Approvals
Yes
Sourcing Management
Yes
Spend Management
Yes
Supplier Management
Yes
Purchasing
Catalog Management
Yes
Compliance Management
Yes
Contract Management
No
Inventory Management
No
Invoice Processing
Yes
PunchOut
Yes
Purchase Order Management
Yes
Requisitions & Approvals
Yes
Sourcing Management
No
Spend Management
Yes
Supplier Management
Yes
Spend Management
Approval Workflow
No
Budgeting / Forecasting
No
Expense Tracking
Yes
Multi-Currency
No
Prepaid Cards
No
Procurement Management
Yes
Receipt Management
No
Spend Analysis
Yes
Spend Control
No
Supplier Management
Yes
Vendor Management
Audit Management
Yes
Contact Management
Yes
Customer Database
No
Self Service Portal
Yes
Supplier Master Data
Yes
Transaction History
Yes
Vendor Maintained Profiles
Yes
Vendor Managed Inventory
No
Vendor Performance Rating
Yes
Vendor Qualification Tracking
Yes