Last updated on
Company health
Procure Ai description
Procure AI is a spend management platform that uses artificial intelligence to help mid-size and large companies make smarter purchasing decisions. It brings all your purchasing data into one place, analyzes it, and then recommends actions you can take to save money. Procure AI can also automate many of your routine procurement tasks, freeing up your team to focus on more strategic work. The company claims its software can help businesses save up to 10% on procurement costs and automate 40% of source-to-pay tasks.
Who is Procure Ai best for
Procure AI is an AI-powered spend management platform designed to help mid-size and large businesses optimize purchasing decisions. It centralizes purchasing data, analyzes it, and recommends cost-saving actions. Procure AI automates routine procurement tasks, freeing up teams for strategic work, potentially saving businesses up to 10% on procurement costs and automating 40% of source-to-pay tasks. G2 reviewers rate it 4.8/5 stars.
-
Best fit for medium and large companies.
-
Suitable for companies looking to optimize procurement processes.
Procure Ai features
| Supported Procure AI automates procurement processes, including purchase order management and supplier interaction. |
Procure Ai alternatives
SAP AribaBetter suited for enterprise companies and a wider range of industries. Offers more features like contract management and supplier portals. However, it has a steeper learning curve and higher costs. Consider this SAP Ariba alternative if ease of use and pricing are priorities.Read more
ProkrayaBetter fit for small and medium businesses. Has more momentum. Offers contract and document management features. A Procure AI competitor and alternative.Read more
CoupaBetter suited for companies across a wider range of industries. Coupa has broader industry coverage than Procure AI. More established and has slower momentum. Coupa has more reviews but a slightly lower average rating. Users appreciate automation features but dislike the interface and limited customization. Negative pricing sentiment.Read more
SAP ConcurBetter for managing travel and expenses. More suitable for companies of all sizes and across various industries. Has broader expense management features, including travel booking and a mobile app. Note that some users dislike the user interface and have reported issues with the mobile app.Read more
SimfoniBetter for contract management and supplier onboarding. Well-suited for industries like healthcare, finance, and manufacturing. More user-friendly, with excellent customer support, but has slower loading times and limited historical data.Read more
AirbaseBetter fit for Finance, E-commerce, Real Estate & Construction, Media & Entertainment, Software/IT, Non-profit & Government, Marketing & Advertising, and Professional Services. More user reviews and higher customer satisfaction scores. Airbase is growing slower, however.Read more
Procure Ai FAQ
What is Procure Ai and what does Procure Ai do?
Procure AI is a spend management platform leveraging AI to help mid-size and large companies optimize purchasing decisions. It consolidates purchasing data, analyzes it, and recommends cost-saving actions. Procure AI also automates procurement tasks, allowing teams to focus on strategic initiatives.
How does Procure Ai integrate with other tools?
There is no information available regarding Procure AI's integrations with other tools. Procure AI is a spend management platform utilizing AI to enhance purchasing decisions and automate procurement tasks, potentially leading to cost savings.
What the main competitors of Procure Ai?
Procure AI's main competitors include SAP Ariba, Prokraya, Coupa, SAP Concur, Simfoni, and Airbase. These platforms offer similar spend management functionalities, including procurement automation, expense tracking, and invoice processing.
Is Procure Ai legit?
Procure AI appears legitimate. It has positive reviews (4.8/5 on G2) and significant employee growth (36% YoY on LinkedIn), suggesting increasing popularity and trustworthiness. For more in-depth information, research "is Procure AI safe" online.
How much does Procure Ai cost?
Procure AI's pricing is not publicly available. Contact Procure AI directly for product pricing details and to determine if Procure AI is worth the investment for your needs.
Is Procure Ai customer service good?
Customers praise Procure AI's exceptional customer support, describing it as "amazing" and "fantastic". While some users experienced minor delays, they highlighted that the team's responsiveness and commitment ultimately resolved their issues effectively.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.