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What is itbid?

A unified platform designed to streamline and digitize supplier and purchasing management processes. With integrated supplier and quality management modules, you can efficiently oversee your supplier relationships and quality assurance all in one place. Additionally, the negotiation and contract management features facilitate more effective negotiations while reducing the time needed for hiring. Furthermore, it modernizes the order formalization process through various order management and billing modules, enhancing overall operational efficiency. This comprehensive approach ensures that all aspects of supplier management are handled seamlessly.

What is Fratera?

Fratera connects contracts, suppliers and procurement workflows in one platform for small and growing teams. From recording an agreement to reviewing a supplier or collecting signatures, it keeps the documents, decisions and people involved together. Manage the full contract journey Store contracts and supporting files in a searchable repository. Track renewal dates and notice deadlines, route approvals through delegation-of-authority rules, and collect electronic signatures. Signed documents stay with the contract record, alongside its history and responsible people. Understand the supplier relationship Bring together each supplier’s contracts, commitments, contacts, legal entities, risks, issues and quarterly business reviews. Negotiation tools help teams establish a baseline, compare successive offers and turn agreed items into a draft contract. Build workflows around your business Create reusable forms, questionnaires, conditional steps, approvals and record updates. Assign tasks to individuals or work groups and invite external suppliers to respond. Request missing information from colleagues without giving them access to the underlying contract records. My Work brings outstanding actions into one place. Use AI with human oversight Extract contract details for review and ask questions about records or contract terms, with references to source documents. Review proposed changes before they become part of your records. Keep control of your data Each customer has an isolated database, with regional hosting and granular access controls. Configurable fields, sections and dropdowns adapt the workspace to your organisation. Reports and recorded activity support renewal planning, supplier discussions and traceable decisions. Readers, approvers and signers are unlimited and free, allowing wider participation beyond the core procurement team.

Media

Media

Integrations Supported

Integrations Supported

Microsoft Entra ID

API Availability

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

$4,000/year
Core starts at $4,000/year for 10 full users, or $400/month with monthly billing. Three editions and four sizes; USD and EUR pricing available. Readers, approvers and signers are unlimited and free. Built-in e-signing is included. Pro SRM adds supplier relationship management, custom workflows and purchasing. A 14-day free trial is available. Prices exclude VAT and applicable taxes.
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Not specified

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

itbid

Date Founded

2009

Company Location

Spain

Company Website

itbid.com

Company Facts

Organization Name

Fratera s.r.o.

Date Founded

2026

Company Location

Czech Republic

Company Website

fratera.io

Categories and Features

Billing and Invoicing

Not specified

Business Process Management

Access Controls / Permissions
Alerts / Notifications
Collaboration

Compliance

Not specified

Financial Risk Management

Compliance Management

Incident Management

Incident Reporting

Procurement

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

Purchasing

Catalog Management
Contract Management
Requisitions & Approvals
Supplier Management

Quality Management

Compliance Management
Supplier Quality Control

Vendor Management

Contact Management
Vendor Performance Rating
Vendor Qualification Tracking

Categories and Features

Contract Management

Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Specialty Contracts
Version Control
Workflow Management

Vendor Management

Audit Management
Contact Management
Supplier Master Data
Vendor Performance Rating
Vendor Qualification Tracking

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