Overview
What is 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...
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What is FactWise?
FactWise is a funded, early-stage technology startup building solutions for product manufacturing companies. The solution aims to provide transparency and insights to leaders, streamlining and automating processes and driving bottom-line impact by unlocking savings potential. …
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What is 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.
FactWise Features
- Supported: Smart Supplier Recommendations : Holistic supplier performance metrics and verified suppliers.
- Supported: Customized Analytics : Dynamic and historic insights in a visual interface with graphs, heat maps and customizable reports.
- Supported: RfX Creation : To create RfX with minimized dependence on Excel and receive smart warnings for concerns such as item duplication, price discrepancies.
- Supported: AI Powered Negotiations : To identify the most suitable vendor using smart filters and historic vendor performance data.
- Supported: End-to-End Goods : Perform goods receival and unlimited quality checks.
- Supported: Payments : To automate three way matching to reduce errors, maximize DPO with smart notifications indicating due payments, and avoid overpayment on purchase orders.
FactWise Screenshots
FactWise Competitors
FactWise Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
| Supported Countries | Global, North America, Europe, India |
| Supported Languages | English |
