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.
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 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.
AI is huge but overwhelming. We have just used the right mix of AI technologies for each user persona, be it CFO, buyer or seller, all for purposeful buying, best price discovery & advanced spend analytics.
With the procurement ecosystem at heart, iCPX prides itself on a feature-rich marketplace for buyers to find a range of products at the best price and for sellers to promote their brand.
Serve your varied procurement needs across modes of procurement such as Direct Purchase, RFX, Auctions & aggregated demand and that too, across channels such as Web, Mobile etc.
With an open API and extensible design architecture, iCPX is blurring the boundaries of the ecosystem as every system under an Open API would be part of your procurement experience.
Powered by patented design, leverage our in-house AP automation AI-driven tool to reduce time, augment costs and enhance compliances for your manual non-standardised invoices.
Enable users to interact with technology using natural language, through the requisitioning process, recommending the best options, gathering data and helping with common queries.
Our vendor portals centralise your data for real-time insights, enhance decision making & ease interactions. Moreover, we ensure they get the right vendor by thorough verification & background checks.
We believe that the procurement process impacts key stakeholders across the organisation: Finance, Procurement or IT.
iCPX is unique in bringing, through it technology, a complete synergy between the three verticals thereby maximising impact.
With iCPX, we set a Contemporary Context to technology. We don't see technology as a set of tools or systems but as an integral part of human experience.
Read MoreWe have a team of subject matter experts that can help you with process improvements, new feature support and more
View AllDesigned on First Principles Thinking, the new platforms are at the forefront ...
Read moreAn exclusive webinar to discuss the challenges in corporate procurement.
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