Requisition processes ensure the procurement of quality goods and services at competitive prices by comparing proposals from qualified vendors. Traditionally, this process requires significant time and effort, involving extensive document analysis while maintaining compliance and transparency.
Accellor’s AI-driven solution, Tender Management Insights, streamlines this workflow by automating the extraction and summarization of key information from RFx submissions. By reducing manual effort, it minimizes errors, enhances efficiency, and enables requisition teams to focus on high-value tasks.
Users can upload RFx documents, and the system automatically extracts evaluation criteria to simplify vendor analysis. Submissions are reviewed with detailed, criteria-specific evaluations and precise citations. Natural language processing allows users to query submissions and retrieve specific information beyond predefined criteria. This ensures a faster, more accurate, and efficient requisition process for modern procurement needs.
This feature systematically extracts evaluation criteria from RFx documents, rigorously compares them against vendor responses, and validates adherence to compliance requirements, ensuring a precise and efficient review process.
Using advanced algorithms, this feature provides targeted answers to specific queries with citations from vendor documents. Insights can be easily exported as detailed PDF reports for analysis and record-keeping.
All tenders can be retained & archived with ease for future references or to verify process integrity on rational of vendor selection
Comprehensive view of vendor offerings now available, that allows the team to shift efforts from checkbox verification to better price negotiation
Comprehensive view of vendor offerings now available, that allows the team to shift efforts from checkbox verification to better price negotiation
Comprehensive view of vendor offerings now available, that allows the team to shift efforts from checkbox verification to better price negotiation
Reduction in time to process responses & proposals
Cost savings through holistic vendor analysis
Reduction in Procurement team effort
