Procurean

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City: Ljubljana

State: Ljubljana Urban Commune

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Country: Slovenia

Procurean is a procurement platform aimed towards small and medium-sized enterprises which connects businesses around the world in a way that ensures buyers can always find new sellers, and sellers can discover new buyers no matter their capabilities or location. Demand fulfillment on Procurean is done through inquiries, that support various procurement scenarios aimed towards different tactics in procurement. Procurean also enables businesses to digitalize their processes before the actual inquiry so that they can have an SSOT (single source of truth) for their administration, planning and management purposes – demand management, item management and vendor management. Doing so Procurean provides easy access to digitalization and networks to SMEs who otherwise wouldn&s;t have access to best-in-class business solutions and international opportunities (business partners). Being accessible and easy-to-use, a cloud-based web application could be utilized by businesses just minutes after registering. Businesses can also choose to integrate their existing ERP systems with Procurean in full or in part. At the end of each business transaction on the platform as a consequence of inquiries, businesses exchange a multi-dimensional evaluation which is stored (along with the financial indicators collected from smart data providers) on a public blockchain, to ensure immutability and transparency. This ‘Trust rank’ serves as an intermediary between companies. It’s an indicator of Transparency &a; Reliability and an incentive for companies to act fair and reliably toward their business partners, both known and unknown. Using Procurean allows businesses to automate processes for identifying potential new opportunities, greatly simplifying or completely automating human work and creating time to focus more on strategic decisions and vendor relationships.

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