Corporate Procurement
eXchange (iCPX)

Open API-based source-to-pay platform


iCPX

Introducing iCPX

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.

Drive Quantifiable Business Impact with iCPX

iCPX ensures seamless adoption, positive return-on-investment, and ease of use

Price Reasonability Assessment

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.

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Marketplace Driven Purchase

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.

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Multi-dimensional & Multichannel Procurement

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.

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Unified Commerce Experience via Open API Integrations

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.

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Accounts Payable Automation

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.

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AI-driven Conversational Commerce

Enable users to interact with technology using natural language, through the requisitioning process, recommending the best options, gathering data and helping with common queries.

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Supplier Management with Integrated Assessment

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.

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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.


Procurement User Journey with iCPX led AI

right poduct at right price

iCPX: A Solution For Leaders

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.

Procurement Leadership

  • Vendor Onboarding & KYC
  • Vendor Queries on Payment Status
  • Superior Vendor Experience
  • Liquidity to Vendors
  • Visibility on RFQ, PO, Payment Status

IT
Leadership

  • Time Consuming Audit
  • Manual Reconciliation
  • Audit Trail for Approvals
  • Time Wasted in finding logs

Finance
Leadership

  • Spend Prioritisation
  • Cash Flow Forecast
  • Manual Bank Reconciliation
  • Risk of Errors
  • Manual data handling
  • Long hours at month end