Where Internal Procurement
Breaks Down.
How FactWise Automates Every Step.
From the first requisition raised to the last PO issued — intelligent at every step, automated at every turn.
Streamline Every Requisition.
Every Approval Tracked.
Replace requisition chaos with customizable templates — or connect your ERP via API to pull requisitions automatically. Upload any file format and FactWise AI autofills every detail, then routes each request through your approval hierarchy so the right people approve the right requests, every time.
From Requisition to RFQ.
Automated in Minutes, Not Days.
Once approved, requisitions land in the assigned purchaser's inbound list — turn RFQ in a single action. FactWise auto-combines requisitions for the same item for volume advantage and better pricing, auto-selects approved vendors, and pre-fills target prices from historical and market data, with every allocation tracked per item.
Negotiate Using AI.
Pay Less Every Time.
Vendors respond directly on the platform — no emails, no scattered replies, no re-entry while automated reminders keep them on track. When it's time to negotiate, FactWise's AI drives vendors to their best price using your custom criteria — or take control yourself and counter, push back, and negotiate directly on the platform.
| Vendor | Round 1 | Round 2 | Round 3 | Δ Total |
|---|---|---|---|---|
A Vendor A | ₹44.20 | — | — | |
B Vendor B | ₹45.80 | — | — | |
C Vendor C | ₹47.10 | — | — | |
D Vendor D | ₹48.20 | — | — |
Best offer: ₹39.50/unit for 500 pcs. Lead time 25 days.
Counter: ₹37.80/unit + 28-day delivery — final.
Accepted. ₹37.80/unit · 500 pcs · PO ready to generate.
See True Landed Cost.
Award with Confidence.
FactWise applies your custom landed-cost formulas across every bid — duties, freight, insurance, and packaging factored in and normalized to your currency. See competitive, non-competitive, and excluded bids at a glance — line-by-line or all-vendors — while Recommended Analytics highlights the best bid per item, so every award is backed by intelligence, not instinct.
Automate PO Generation.
In One Click.
Once bids are shortlisted, allocate quantities to the best-bidding vendors — split across multiple vendors per item and set backup allocations for security. When allocation is complete, FactWise generates every PO for the entire RFQ in a single click — every line item, vendor, and approval record attached. No manual creation, no missed lines, no delays.
Powerful Features. Right Where You Need Them.
Increased Savings.
Stop sourcing in silos. FactWise combines requisitions for the same item automatically — unlocking volume advantage and driving costs down before negotiations even begin.
Procure Faster.
From first requisition to final PO in half the time — every bottleneck eliminated, every step automated.
Negotiate Using AI.
AI-powered auto-negotiations drive vendors to their best price automatically — without your team sending a single message.
Automated Pricing.
Historical rates, contract prices, and market data surfaced automatically — so you always know the best price before you even start sourcing.
Complete Visibility.
Every requisition, every approval, every PO — tracked in real time from start to finish. Complete visibility across the entire procurement journey, always.
AI-Powered Efficiency.
From item import to vendor allocation — FactWise's AI handles the repetitive, time-consuming work automatically so your team focuses on decisions, not data entry.