Date: October 1, 2024
Location: New York, New York
EdgeworthBox, an innovative provider of procurement technology solutions, is proud to announce the launch of Generative-Procurement-as-a-Service. This suite of AI-powered services is designed to transform how organizations handle RFPs, supplier responses, and proposal evaluations, enhancing efficiency, collaboration, and decision-making.
“Our goal has always been to improve the coordination of procurement processes across different groups,” said Chand Sooran, Founder and CEO of EdgeworthBox. “With Generative-Procurement-as-a-Service, we’re bringing the power of Generative AI to procurement, enabling faster, more efficient, and more collaborative decision-making. By combining data, process expertise, and human judgment, EdgeworthBox augments leading-edge Generative AI tools. Offering this as a service enables both buyers and suppliers to streamline tasks typically performed by junior staff, accomplishing the legwork in a fraction of the time and freeing up senior staff resources. Technology alone isn’t enough. EdgeworthBox is built to help the people on the ground execute.”
The Generative-Procurement-as-a-Service offering includes:
- AI-Driven Statement of Work Generation: Enables organizations to draft a comprehensive first statement of work using public sector procurement data, significantly accelerating the RFP creation process.
- Supplier Response Accelerator: Assists suppliers in drafting responses to new RFPs based on their historical submissions, ensuring faster and more consistent responses.
- AI-Assisted Proposal Evaluation: Supports buyers in evaluating and ranking supplier proposals using a tailored “answer key,” enhancing both the speed and accuracy of the decision-making process.
This new offering is the latest step in EdgeworthBox’s mission to redefine procurement through technology and expertise, providing a smarter, data-driven approach to RFP management.
For more information about Generative-Procurement-as-a-Service, visit www.edgeworthbox.com or contact us at sales@edgeworthbox.com.
