Procurable AI

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Procurable AI is an AI-native procurement software platform that enhances procurement and supply chain operations for manufacturing and other businesses. The platform utilizes artificial intelligence and automation to streamline traditional procurement processes, helping organizations reduce costs, improve efficiency, and gain visibility into their supply chains. Procurable AI offers a range of interconnected tools, including RFQ Management, which automates the Request for Quotation process, and a Cost Reduction Engine that identifies savings opportunities through data analysis. The platform also features Supplier Management with real-time scorecards, Request to Procure Management for centralized purchasing requests, and advanced Spend Analysis capabilities. Additional functionalities include Vendor Onboarding, Order Management, Conversational AI for supplier data management, Interactive Reporting, and Risk Mitigation to monitor supplier risks and ensure compliance. Targeting manufacturing companies and B2B organizations, Procurable AI is designed to optimize procurement operations across various departments and sites. The company was founded by procurement leaders and has received early venture capital support.