FactWise

FactWise is a procurement platform designed to streamline and optimize procurement for product manufacturing companies. The software allows users to manage batch production, goods receival workflows, quality checks, and even AI-powered negotiations with ease. With customizable analytics and visually rich interfaces such as heat maps and graphs, FactWise provides dynamic insights into supplier performance that helps teams negotiate win-win outcomes.

One of the standout features of FactWise is its ability to allow end-to-end goods verification in under a minute followed by unlimited quality checks and easy stakeholder updates. This feature ensures that all stakeholders have access to real-time information about the status of goods being procured. Additionally, FactWise offers seamless payments via automated three-way matching reducing errors while ensuring accurate DPOs - this includes smart notifications for due payments.

FactWise has become a go-to procurement tool not just for global product manufacturing companies but also private equities who seek to transform their procurement organization through analytics and automation. Overall, the platform aims to provide an intuitive experience that makes it easy for businesses to procure what they need efficiently while optimizing TCO (total cost of ownership) by identifying suitable vendors using historic vendor performance data obtained from the system's smart filters.