Transform Your Purchasing Process with Smart Procurement Automation

Converiqo procurement automation uses AI to manage requisitions, sourcing, approvals, contracts, and payments end-to-end. It replaces email-and-spreadsheet processes with guided workflows, vendor self-service, and intelligent controls that reduce cycle times, errors, and unnecessary purchasing costs.

AI standardizes requisitions, routes approvals instantly, automates RFQs, converts requisitions to purchase orders, and handles invoice matching. This eliminates manual follow-ups, bottlenecks, and rework, shrinking procurement cycles from weeks to hours while maintaining strong control and compliance.

Converiqo automates requisition creation, approval routing, RFQ and RFP processes, vendor selection, PO generation, contract lifecycle management, three-way invoice matching, payment scheduling, and analytics. Every major procurement stage becomes rule-driven, trackable, and supported by AI intelligence.

Employees raise requisitions using chatbots or guided forms with embedded catalogs, budget checks, and approval flows. Conversational procurement removes form fatigue, reduces errors, and ensures every request passes through standardized rules before moving into sourcing and purchase order creation.

Converiqo automates RFQ and RFP creation, publishes multi-vendor bidding portals, supports e-auctions, and uses AI-based bid scoring. Procurement teams gain transparent comparisons on price, terms, and performance, enabling faster, more objective supplier selection with significantly less manual evaluation.

The platform performs automated three-way matching between purchase orders, goods receipts, and invoices using smart OCR and AI rules. It flags mismatches, duplicates, and potential fraud, then triggers approved payments on schedule, reducing finance workload and payment-related risks.

Converiqo helps draft contracts using clause libraries, orchestrates e-signatures, tracks key dates, and scores contractual risks. Automated alerts prevent missed renewals, while AI-driven checks ensure terms remain compliant with internal policies, regulatory requirements, and negotiated commercial guardrails.

Converiqo offers spend analytics, savings tracking, supplier performance dashboards, cycle-time metrics, and predictive insights. Teams identify maverick spend, consolidation opportunities, at-risk vendors, and negotiation levers, enabling procurement leaders to move from reactive firefighting to strategic, data-driven decision-making.

Converiqo integrates with platforms like SAP Ariba, Oracle Procurement, Coupa, Microsoft Dynamics, QuickBooks, Stripe, and other ERPs or finance tools. These integrations keep vendor, PO, invoice, and payment data synchronized across systems without duplicate manual entry.

Most organizations go live within 4-8 weeks using Converiqo’s pre-built templates, guided configuration, and integration support.