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What is Felix?

Felix (ASX.FLX) operates as a cloud-oriented procurement solution that revolutionizes how asset owners and construction professionals discover, oversee, and collaborate with external suppliers. By centralizing and optimizing Vendor Management (S2C) and source-to-contract (S2C) processes, it aims to enhance productivity, minimize risks, and cut costs significantly. This integrated platform ensures that all necessary information, resources, and personnel are seamlessly connected, facilitating smoother operations for its users. Furthermore, the use of such a comprehensive system allows for better decision-making and more efficient project execution.

What is Coverbase?

Coverbase serves as an AI-driven platform for procurement and third-party risk management, designed to enhance and automate every stage of the supplier lifecycle, from the initial vendor sourcing to contract oversight and continuous monitoring. This cutting-edge platform allows organizations to effectively solicit suppliers, assess potential risks, and gather essential documentation via autonomous AI agents that can retrieve information from emails, portals, and internal databases without requiring any manual effort, thus eliminating the cumbersome back-and-forth communication often associated with procurement. In addition, it features workflow automation that synchronizes approvals, tasks, and data across multiple systems, supported by a consolidated supplier data architecture that merges information from various tools into a single, coherent record, which in turn improves workflows, reporting, and data-driven decision-making. Coverbase seamlessly incorporates security, compliance, and risk evaluation throughout the procurement journey, equipping teams to validate controls, detect vulnerabilities, and maintain thorough records for auditing purposes. By delivering a holistic view of supplier activities, it enables organizations to take a proactive stance in managing their supplier relationships and the risks that accompany them. Ultimately, the platform fosters a more efficient and informed procurement process that can adapt to the evolving landscape of supplier management.

Media

Media

Integrations Supported

InEight
Oracle Aconex

Integrations Supported

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

Felix

Date Founded

2014

Company Location

Australia

Company Website

www.felix.net

Company Facts

Organization Name

Coverbase

Date Founded

2024

Company Location

United States

Company Website

www.coverbase.com

Categories and Features

Compliance

Audit Management
Compliance Tracking
ISO Compliance
OSHA Compliance
Risk Management
Surveys & Feedback
Version Control
Workflow / Process Automation

Contract Management

Completion Tracking
Compliance Tracking
Version Control
Workflow Management

Procurement

Bid Management
Contract Management
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Sourcing

Collaboration
Rfx Management
Spend Management
Supplier Management
Supplier Qualification
Supplier Risk Management
Supplier Web Portal

Categories and Features

AI Procurement

Not specified

Contract Management

Not specified

Procurement

Not specified

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