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We are evaluating an end to end solution for automating our internal purchase requisition to vendor payments:

Within 3 months Within 6 months
Digital touchpoints
Scalable ideas with technology and AI
Settings icon Settings icon
Seamless cloud connectivity Seamless cloud connectivity
Interconnectedness with Technology Interconnectedness with Technology
Analytics dashboard Analytics dashboard
Easy to use platform Easy to use platform
Integrated with SAP network Integrated with SAP network

IPSC
Integrated Procurement and Supplier Collab

Integrated Procurement and Supplier Collab Main workflow
Bid Process Management
01.

Bid Process Management (using AI)

  • ⁠Consolidate Purchase Request & Create RFPs / RFQs
  • Add Templatized Terms & Conditions with Time Schedules for response
  • Selected Vendor / Partner RFQ/RFP release
Bid Response and Evaluation Management
02.

Bid Response & Evaluation Management (using AI)

  • Multiple RFP/RFQ response Management including iterations
  • Ability to Selectively create Auctions for specific Vendors against a Bid
  • Use of Templatized Evaluation Criteria for AI Summarization & Ratings
Finalization of Contract and Purchase Order
03.

Finalization of Contract & Purchase Order (using AI)

  • Create Templatized Summarizations on responses for a Purchase Decision
  • Purchase Decision Approval Workflows
  • Automate PO creation with “human in loop”
Boxed AI
04.

Boxed AI (Guard Rails)

  • Self Hosted AI LLM Option
  • ⁠Limit AI with guard rails around the Sourcing & Procurement Process Only
  • ⁠Increase AI usage over time for Trends & Insights