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What is SourcingHQ?

Acquiring competitive quotes typically requires the laborious task of reaching out to suppliers one by one through email. SourcingHQ streamlines this by bringing the process together into a single, timed bidding event. You can either provide a simple description of the product or service you need or forward the inquiry from your customer, and the AI assistant will generate a well-structured request detailing the necessary items, quantities, and deadlines. You then choose the suppliers you commonly work with, enabling them to submit bids through an email link without needing to create accounts, while also allowing them to monitor their current standings and adjust their offers prior to the bidding's conclusion. This platform allows for in-depth pricing analysis, offering both PDF and Excel reports for straightforward comparison. SourcingHQ is specifically designed for small to mid-sized buyers, distributors, and resellers who often encounter urgent requests with fluctuating pricing. Their free plan permits three auction events, while paid subscriptions are available for teams that require monthly sourcing. Additionally, a free tool is offered to aid in comparing previously gathered quotes, ensuring users have a thorough method to assess their choices. This innovative system not only simplifies the quoting process but also improves the chances of obtaining the best deals possible, making it an invaluable resource for those in competitive markets. By adopting such a versatile platform, businesses can save time and enhance their sourcing efficiency.

What is Prokuria?

Prokuria's cloud-based platform enables you to enhance your procurement process, saving valuable time while maintaining quality and offering tailored customizations that suit the unique needs of each team! Its user-friendly interface ensures that businesses of all sizes can easily navigate the system. With Prokuria's innovative solutions, organizations can achieve significant reductions in costs, time, and labor by streamlining the procurement process. The array of services offered includes RFIs (RFQs), RFPs, and various types of e-Auctions, along with requisition approvals to ensure suppliers are fully operational. Additionally, Prokuria provides supplier management tools that aggregate essential data on demand and track pricing effectively. The interactive purchase orders and a dedicated contract repository allow organizations to store and manage their contracts seamlessly. Furthermore, the platform includes supplier price monitoring, ensuring that organizations can keep track of market fluctuations effortlessly. No coding skills are necessary, as Prokuria also offers a no-code software package to enhance accessibility for all users. Opting for Prokuria is a decision you won't regret! We implement diverse strategies to facilitate a modern and efficient procurement process, and we are confident you will not only find satisfaction but also be genuinely impressed by our offerings. Our easy-to-use system includes a free trial, allowing potential users to experience its benefits before making a purchase, along with quick implementation tailored to your business needs and a host of other exceptional features to explore.

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Integrations Supported

Integrations Supported

Docusign
Google Data Studio
Microsoft Dynamics 365
Microsoft Excel
Microsoft Power BI

API Availability

API Availability

Has API

Pricing Information

$950/year
A free plan covers three auction events in total. Paid plans start at $950 per year.
Free Version

Pricing Information

€15.00/month/user
Basic Plan €15/month/user:
*Suppliers directory
*Supplier segmentation
*Supplier scorecard
*Contracts Repository
*Items catalog
*Custom fields
*25 GB Storage included

Standard Plan €50/ month/user:
everything in Basic plus
*RFIs & RFPs & RFQs
*Update Data Campaigns
*Live messaging with suppliers
*Projects
*Suppliers onboarding form
*Supplier surveys
*Custom workflows
*25 GB Storage
*max 50 suppliers in an event

Premium Plan €150/ month/user
everything in Premium plus
*Public Sourcing Events
*Reverse & Forward Auction
*Dutch Auction
*Advanced Allocation Auctions
*Advanced fields & form logic
*Advanced workflows
*100 GB Storage
*max 100 suppliers in an event

Enterprise Plan:
Price on request for everything you need to roll out a sourcing platform at scale perfectly matching your procedures and process.

White–labeling - €100 /month
DocuSign integration - €100 /month
Set-up Purchase Request/Orders Flow - €100 /month/each
API integrations and Custom developments - Price on request
Free Version
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

SourcingHQ

Date Founded

2026

Company Location

India

Company Website

sourcinghq.ai

Company Facts

Organization Name

Prokuria

Date Founded

2016

Company Location

Romania

Company Website

www.prokuria.com

Categories and Features

Sourcing

Not specified

Categories and Features

Price Monitoring

Not specified

Procurement

Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Purchase Order Management
Requisitions & Approvals
Sourcing Management
Supplier Management

Purchasing

Compliance Management
Contract Management
Inventory Management
Purchase Order Management
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

RFI

Not specified

RFQ

Not specified

Sourcing

Auction Management
Budget Management
Collaboration
Global Sourcing Management
Rfx Management
Supplier Management
Supplier Qualification
Supplier Risk Management
Supplier Web Portal
Template Management

Vendor Management

Audit Management
Contact Management
Vendor Performance Rating
Vendor Qualification Tracking

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