Simplifying the Corporate
Procurement Ecosystem

The first ever purpose-driven & ecosystem-focused open API-based Source-To-Pay Platform

Biggest Procurement Challenges
faced by Corporates

Resources are frequently wasted by organisations as a result of inefficient spending during the procurement and sourcing processes.

Analysts indicate that the majority of companies squander as much as 4% of their entire external expenditure on excessive transaction expenses, ineffectiveness, and non-adherence.

An organisation can reduce spending by up to 50% by using a digital Source-To-Pay (S2P) solution, which results in an extra 31% in overall savings.

Complex Purchase & Approval Processes

Manually Entered Procurement Data

Inconsistent Procurement Methods

Maverick Spending that Obscures Company Policy

Invoice – PO Variability

Auditability, Traceability & Regulatory Compliances

Manual Onboarding of New Vendors

Siloed Procurement by Department

Lack of integrating Procurement into Your Processes

Introducing iCPX

Creators of the largest institutional procurement marketplace for GoI, iCPX brings to you the first ever purpose-driven & ecosystem-focused open API-based Source-To-Pay Platform.

iCPX revolutionises corporate procurement efficiency and financial processes, we are at the forefront of innovation in eProcurement solutions. Our commitment is to seamlessly integrate cutting-edge AI technologies and foster the API Economy, empowering businesses worldwide to achieve unparalleled productivity, cost-effectiveness, and strategic agility.

The Transformative EPIC Model

The proprietary iCPX EPIC Model - Efficiency, Purposeful, Intelligent and Compliant - is based on the deep domain expertise we have in the procurement space. The transformation process in operations management is all about converting inputs into outputs. Paying attention to and understanding these lighthouse variables will result in what iCPX stands for.

Efficient

Rule Engine giving Control in the hands of Business
Reduction in the Procurement Lead Time by streamlining processes
Automate repetitive tasks
Help Improve Cash Flow

Purposeful

What you need is what you buy
Right Product, Right Vendor, Right Time
Procurement Modes – How to buy what I need to buy

Intelligent

Based on AI, users have visibility into benchmarking metrics throughout the procurement process

Cost/Compliance

Price Discovery (Buy at right price instead of perceived right price)
Identify compliant vendors
Implement cost control measure