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Description
PROCAI is a cloud-based procurement tool designed for sourcing suppliers, handling requests for quotations (RFQs), and evaluating offers. Buyers can specify a product or service, search for suppliers in chosen countries, and send targeted RFQs to selected vendors using a linked Gmail, Microsoft 365, Outlook, or SMTP email account. The platform effectively tracks supplier responses linked to each RFQ and identifies any delivery failures. Buyers have the capability to upload quotes in various formats such as PDFs, spreadsheets, documents, or scanned files; the advanced AI functionality extracts and aligns line items in a comparison sheet that includes information on currencies, VAT, and total costs, which can be exported to Excel or PDF formats. Additionally, optional AI assistants can draft replies to incoming purchase inquiries, streamlining communication. For larger teams, enterprise workspaces facilitate role assignments and feature an eight-step workflow for approving purchase requisitions to purchase orders. PROCAI primarily caters to buyers and procurement teams, particularly within construction and industrial-supply sectors that seek to request and assess supplier quotations efficiently, ultimately enhancing the procurement process.
Description
ProcureKey is an AI-powered sourcing software that automates sourcing from PR to award. It offers a centralized workflow with purpose-built modules for PR, RFx, Supplier Management, Itemized Bidding, Reverse and Forward Auction.
Built-in AI-assisted evaluation and supplier scoring gives teams full control and visibility through role-based access, audit trails, and is SOC 2 Type 2 and GDPR compliant, and built on SharePoint, so, all data stays within your Microsoft environment, secure, governed, and audit-ready.
Best-Suited Industries for ProcureKey: EPC (Engineering, Procurement & Construction), Manufacturing & Industrial, Oil, Gas & Energy, Government & Education, Healthcare & Life Sciences, and Retail & Logistics. Ideal for organizations managing complex sourcing workflows, supplier collaboration, and regulated procurement processes.
Key Features:
- RFx Management
- Multi-Envelope Bidding
- Itemized Bidding
- AI-Assisted Evaluation
- Supplier Portal
- Supplier Registration & Prequalification
- Forward and Reverse Auctions
- Purchase Requisition Management
- Audit Trail and Compliance
- Native Microsoft 365 Integration
- Role-Based Access Control
- Bid Comparison and Analytics
- AI Smart Supplier Suggestions
- Tender Management
API Access
Has API
Yes
API Access
Has API
Yes
Screenshots View All
No images available
Pricing Details
$39/month
The Free plan includes 30 RFQs per month and 11 monthly credits. Individual costs $39/month, Team costs $119/month, Professional costs $349/month, and Enterprise plans start at $799/month. A one-time $20 purchase provides 20 credits. Sending RFQs does not use credits.
Free Trial
No
Free Version
Yes
Pricing Details
No price information available.
Free Trial
Yes
Free Version
No
Deployment
Web-Based
Yes
On-Premises
Yes
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
Yes
Mac
Yes
Linux
Yes
Chromebook
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
Yes
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
No
In Person
Yes
Vendor Details
Company Name
PROCAI
Country
Lebanon
Website
www.procai.world
Vendor Details
Company Name
Beyond Key
Founded
2005
Country
United States
Website
www.procurekey.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
Yes
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
Yes
Spend Management
Yes
Supplier Management
Yes
Sourcing
Auction Management
Yes
Budget Management
No
Collaboration
No
Global Sourcing Management
No
Rfx Management
Yes
Spend Management
Yes
Supplier Management
Yes
Supplier Qualification
No
Supplier Risk Management
No
Supplier Web Portal
No
Template Management
No
Alternatives
No Alternatives