# Acquirell Reviews **Vendor:** Acquirell **Category:** [RFP Software](https://www.g2.com/categories/rfp) **Average Rating:** 4.5/5.0 **Total Reviews:** 1 ## About Acquirell Acquirell is a procurement technology suite solution tailored to Small and Mid-Market businesses that allows increasing the real value through the procurement process automation within one system. The product solves the following problems that SMB faces in terms of procurement: \*Inability to manage the procurement process with traditional tools like Excel and paper sheets. \*Inability to manage company’s purchasing requirements due to complexed approval processes. \*Significant time waste due to manual execution of all procurement processes including sourcing events. \*Miscommunication within a company and with the suppliers due to inconvenient use of various communication channels. Acquirell possesses the following modules that allow to solve problems mentioned above: REQUIREMENTS PLANNING Collect and manage purchase requisitions from all departments and employees in order to get rid of complicated need approval algorithms and purchasing of superfluous items. E-PURCHASING Automate PO creation and approval by the controllers with a fully integrated procurement system to reduce rework and errors. CONTRACT LIFECYCLE MANAGEMENT Ensure compliance through automating all stages of working with contracts to reduce time consumption and minimize errors by virtue of the manual workflow elimination. E-SOURCING Source the strategic key items at the best offering through conducting instant e-sorcing events: forward auctions, reverse auctions, Dutch auctions, and RFx events. SUPPLIER BASE MANAGEMENT Document all supplier communications and relationships within one database and develop real strategic relations with the qualified suppliers. SPEND ANALYTICS Automate data collection to calculate procurement expenses. Track and control the expenses in order to adjust the procurement strategy. ## Acquirell Reviews ### 1. Acquirell Review by a Buyer **Rating:** 4.5/5.0 stars **Reviewed by:** Audrey D. | Small-Business (50 or fewer emp.) **Reviewed Date:** August 22, 2023 **What do you like best about Acquirell?** Acquirell allows us to easily handle PO processing activities and run RFI, RFQ, and RFP events We can keep our requisitions in a single system just by adding line items (requirements) Easy to communicate within a team and with vendors regarding purchases The communication is recorded With Acquirell we moved almost all our procurement activities from Excel, Word, Email, etc. Approval routes capabilities **What do you dislike about Acquirell?** Contract Management Module because we can't edit the text of a contract just like in MS Word Accounts payable is out of scope Supplier Management module is "just okay" **What problems is Acquirell solving and how is that benefiting you?** Mainly Acquirell let us reduce our time waste by around 30% by eliminating manual workflow All the document management related to purchasing is centralized in one system now (before it was too messy to keep a lot of files in different places) Now, since the communication is recorded, we could get rid of various "misunderstandings" - [View Acquirell pricing details and edition comparison](https://www.g2.com/products/acquirell/reviews?section=pricing&secure%5Bexpires_at%5D=2026-05-15+22%3A00%3A49+-0500&secure%5Bsession_id%5D=82fe9925-400e-406d-bb27-3ced4d2852a5&secure%5Btoken%5D=7a0458cd6329c5a4a23059608dbaf015d3e022e36ae272fdf5ff49c21e12d44e&format=llm_user) ## Acquirell Features **Document Creation** - Customizability: Variables and Fields - Template Creation and Flexibility - Online Document Creation **Contract Management Platform Features** - Contract Creation - Contract Templates - Contract Editing - Contract Attachments - Contract Collaboration - Approval Process - Notifications & Reminders - Contract Database - Reporting & Dashboards **Setup** - Approvals - Alignment **Management** - Approval - Documents **RFP Generation** - Templates - RFX - Versioning - Questions Library **Management** - Approval - Documents - Receipt of Goods **Contract Creation & Management** - Contract Creation - Contract Templates - Contract Editing - Contract Attachments **Agentic AI - Vendor Management** - Decision Making **Workflow** - Document Builder Interface - Collaborative Creation - Assembly and Approval Workflows **Revenue Recognition** - Usage Tracking **Performance** - Selection - Risk Management **RFP Distribution** - Tracking - Analysis - Selection **Planning** - Processses - Contracts - Content - Requisition **Collaboration** - Contract Collaboration - Approval Process **Generative AI** - AI Text Generation - AI Text Summarization **Analytics** - Reporting and Dashboards **Supplier Information** - Profiles - Qualifications - History **Submissions** - Collaboration - Knowledge Base - Review - Reporting **Invoice Management** - Capture - Repository **Other Platform Features** - Notifications & Reminders - Contract Database - Contract Compliance - E-Signature **Agentic AI - Contract Management** - Autonomous Task Execution **Administration and Platform** - User, Role, and Access Management - Alerts and Notifications - E-Signature Integration - API / Integrations **Supplier Management** - Selection - Risk Management **RFP Response** - Project Management - Content Library - Access - Export - Import **Contract Data** - Reporting & Dashboards **Reporting** - Real time - Export - Budgets **Execution** - Sourcing - Purchasing **Generative AI** - AI Text Generation - AI Text Summarization **Generative AI** - AI Text Generation **Agentic AI - RFP** - Autonomous Task Execution - Multi-step Planning - Cross-system Integration **Invoice Processing** - Payments - Workflows **Fraud & Risk Management** - Notifications - Unique Cards **Agentic AI - Contract Lifecycle Management (CLM)** - Autonomous Task Execution - Cross-system Integration - Adaptive Learning - Natural Language Interaction - Proactive Assistance - Decision Making **Supplier Information** - Profiles - Qualifications - History **Agentic AI - Spend Management** - Proactive Assistance **Analytics** - Visibility - Performance - Spend **Agentic AI - Purchasing** - Proactive Assistance - Decision Making ## Top Acquirell Alternatives - [SAP Ariba](https://www.g2.com/products/sap-ariba/reviews) - 4.1/5.0 (726 reviews) - [Coupa](https://www.g2.com/products/coupa-software-coupa/reviews) - 4.2/5.0 (555 reviews) - [Paylocity](https://www.g2.com/products/paylocity/reviews) - 4.4/5.0 (5,221 reviews)