Average Ratings 0 Ratings
Average Ratings 0 Ratings
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
The procurement of contracts based on milestones, deliverables, and hourly rates presents distinct requirements. These may arise from varying geographical locations, operational sectors, business divisions, or legal and regulatory obligations, making supplier engagement and management a complex task. To address these challenges, Covendis has created a Vendor Management Solution (VMS), which is a user-friendly and adaptable web-based platform designed to facilitate the easy engagement and management of Statement of Work (SOW) suppliers for companies and organizations. By enhancing, standardizing, and automating the complete source-to-pay process, businesses can significantly improve their visibility, control, and achieve tangible savings. The Covendis system empowers organizations to easily upload milestones and deliverables from conventional project management software, like Microsoft Project, or utilize our predefined templates. After the upload process is complete, the system effectively manages the entire requisition through to payment in a closed-loop framework. Moreover, if adjustments are necessary, clients can conveniently update their project plans by re-uploading them into the system. This efficiency not only simplifies the management process but also fosters better collaboration among stakeholders.
API Access
Has API
Yes
API Access
Has API
No
Screenshots View All
No images available
Integrations
Gmail
No
Microsoft 365
No
Microsoft Outlook
No
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
No
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
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
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
PROCAI
Country
Lebanon
Website
www.procai.world
Vendor Details
Company Name
Covendis Technologies
Website
www.covendis.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
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
Yes
Supplier Management
No