Beyond Procurement Orchestration - Synthesizing Data, Automating Decisions
Some of our customers
Suddenly Everybody in the Company Enjoys Procurement
Procurement should be efficient, cost-effective, and enjoyable. Our unique Synthesized Data Amplification (SDA) Engine streamlines processes and makes them engaging. With its AI-Engine and seamless integrations, Opstream automates complex processes into a smooth and easy experience.
Our main features ensure seamless collaboration across all departments
We have developed an AI-driven platform to streamline the procurement process, enhance efficiency, and reduce costs.
Procurement Data Synthesizer
Procurement Data Synthesis is the process of consolidating data across your entire procurement and vendor management data stack to create a custom data model unique to your organization.
Opstream’s proprietary AI technology allows you to create and trigger automated workflows such as intake, orchestration, vendor onboarding, renewals, vendor data recollection, vendor crisis management and generally – your entire procurement and vendor lifecycle, beginning to end.
100% Self Service Procurement
With Opstream’s Editor, you have full control. It’s 100% configurable, no code required. Simply drag and drop to add questions, set conditions, and define your workflow effortlessly.
Duplication Prevention
Our AI engine detects existing and similar platforms within your organization helping you make informed decisions BEFORE purchasing.
Approval Flow
Unlike traditional platforms, with Opstream you can define parallel approval flows to streamline the purchasing process. In addition – approval does not only involve human beings! Our orchestrated solution allows you to ensure people are involved only when relevant triggers occur.
Approval on the go
Get notified and easily approve or reject requests, wherever you are.
Vendor Portal
Manage vendor interactions with efficiency and convenience. Collect vendor information, send questionnaires like infosec assessments, and vendor onboarding procedures through our platform.
Allow vendors to upload files and communicate with you at ease.
Vendor Management
Monitor and track all your vendors in one place, including visibility to all products, requests, documents, market data and others.
Live Collaboration
Create a thread within each context by tagging colleagues for their input. They will be notified instantly by email, Slack or Teams and will be able to reply on their favorite platform.
All threads will be saved on Opstream for your convenience.
Document Repository
Store all your vendor and purchase documents in one place. Simplify the process of finding, storing, and updating essential vendor documents.
Opstream stores everything from SOC2, NDAs, insurance, W9s and any additional information that is required.
Reminders and Scheduled Workflows
Set reminders not just for contract end dates but everything else – such as date-based attributes, customize schedules, notification preferences, and recipients.
Choose how you want to be alerted, whether it’s through email, Slack, or other integrations, ensuring you never miss a critical reminder.
Integrations
Your technology ecosystem, your choice, and we make it work.
Curate your ideal tool stack by seamlessly integrating with your chosen best-of-breed solutions. With support for hundreds of integrations, all of them supported on a self-service, plug-and-play approach.
Dashboards
Access the right data, at the right time.
Our dashboards allow you to view relevant data at a glance ensuring visibility into SLAs, decision flows, and identify roadblocks.
Vendor Management Has Never Been Easier
From onboarding to compliance – Opstream streamlines all vendor-related activities, giving procurement and finance departments the complete visibility and control that they need in order to manage vendors successfully and efficiently.
What Makes Opstream the Best Vendor Management Software
- Vendor Onboarding: Collect all required information from your vendors using our vendor portal, ensure all documents are uploaded and then pushed automatically to your ERP and other integrated platforms.
- Centralized Vendor Monitoring: Keep track of vendor requests, documents, and market data in one convenient dashboard.
- Effortless Onboarding: Simplify vendor interactions with customizable questionnaires and streamlined information collection.
- Document Repository: Store, update, and access essential vendor documents like SOC2, NDAs, and W9s all in one place.
- Automated integrated workflows: Stay on top of critical deadlines, including contract renewals and compliance updates.
- Integrated Workflows: Connect with your existing systems for a seamless procurement experience.
AI Duplication Prevention
100s of integrations supported
Outstanding User Experience
- Easy onboarding
- Drag and drop set up
- Quickly test, iterate and publish changes
- Easy request creation
- Extensive analytics
Built for cross-functional teams
Finance
Achieving full visibility into purchase requests across the organization before purchases happen can seem impossible. See how centralizing procurement and at-a-glance dashboards gives Finance the data needed to make informed decisions.
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IT and Security
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Legal
Maintaining compliance and reducing risk exposure is difficult when stakeholders are spread across multiple departments. Find out how having a single platform for communication and audit trails helps the Legal department.
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Procurement
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