Euforik is AI software for strategic sourcing and supplier relationship management (SRM). It takes a category from the first supplier search to a signed contract, and keeps track of the suppliers after that.
Key Features?
- Source-to-contract. Find new suppliers with an AI search engine, check them against your requirements, send RFx forms, compare the answers, plan the negotiation with the AI and generate the contract in your own template. Use one step or the whole flow.
- SRM. Spend, purchase history, files, contract dates and contacts for every supplier in one place, synced from your ERP or your own systems. The AI alerts you when a supplier lands on a sanctions list, shows up in negative press, goes over budget, or meets any rule you set, and can run compliance audits automatically.
- Agent. An AI agent works across both. It sets up workflows, runs comparisons, researches online, reads product drawings and answers questions about a category. It can also connect to your other AI agents.
What sets us apart?
Sourcing and SRM in one product, each part usable on its own, and usage-based pricing with no implementation project.
Who is it for?
Procurement and sourcing teams at manufacturers and other B2B companies, from a single buyer to a large procurement department. Typically heads of procurement, category managers, buyers and sourcing managers, working on direct and indirect spend.
What does it do for them?
It replaces the manual work in sourcing: searching for suppliers, checking them, chasing answers and drafting contracts. Buyers use it to find a new supplier, qualify an existing one, second-source a critical part, re-tender on price or keep suppliers compliant, and after signing they get a live view of every supplier's performance and risk.
