Soource

What Soource does

Soource is a multi-agent AI platform that sets a new standard for supplier research and selection, shaping the future of procurement. It provides a complete and immediate view of the market by automatically collecting massive amounts of data on existing and potential suppliers. The platform automates repetitive tasks like supplier analysis, allowing procurement managers to focus on strategic activities such as negotiation. Soource helps procurement teams reduce time spent on sourcing, the risk of relying on a few suppliers, and the costs of purchased products and services. It offers solutions for sourcing from new and existing suppliers, sending and analyzing RFX with AI, keeping supplier data up to date, and accessing custom tools.

Products

• Soource PlatformA multi-agent AI platform for supplier intelligence and sourcing, offering a complete and immediate view of the market by collecting data on existing and potential suppliers.
• AI-automated RFXAutomates the sending of hundreds of RFXs with attachments and specifications, and analyzes supplier responses with AI, comparing results in a summary dashboard and managing follow-ups.
• Soource ToolsCustomized add-on tools for procurement needs, integrated directly into the platform to increase productivity and work quality.
• Data LabEnriches vendor bases with verified and always available data, providing up-to-date certifications, reports, and information with one click.

Key capabilities

• Multi-agent AI platform
• Automated data collection on suppliers
• Supplier research and selection
• Mass email exchanges for supplier information
• AI-powered supplier analysis
• Sourcing from new and existing suppliers
• Import supplier database via CSV or ERP
• RFX generation, sending, and management with AI
• Automated reading, analysis, and standardization of RFX responses
• Dashboard with prices, availability, conditions, and key data
• Automatic vendor base updates with RFX responses
• Data Lab for certifications, credit information, and contact details
• Customizable add-on tools (Soource Tools)
• Unified Search Experience for internal and external suppliers
• Split view for internal or external sourcing
• Verified data points
• ERP integration

Use cases

• Supplier research and selection
• Sourcing from new and existing suppliers
• Enriching existing supplier portfolios
• Starting new sourcing activities
• Sending and analyzing RFX
• Keeping supplier data up to date
• Obtaining certifications, credit information, and contact details
• Benchmarking
• Database updates
• New supplier searches

AI approach

Soource uses a multi-agent AI platform to automate supplier research, selection, and information collection. The AI handles repetitive tasks like supplier analysis, generates, sends, and manages RFXs, and analyzes responses to standardize data. It also helps keep supplier data up to date and enriches vendor bases with verified data.

Tech named: multi-agent AI platform, AI

What it says sets it apart

• Multi-agent AI platform for comprehensive market view
• Automates mass data collection on suppliers
• Reduces time, risk, and costs in procurement
• AI autonomously handles repetitive tasks, freeing up managers for strategic activities
• Set up in 5 minutes
• Can be used independently or integrated with ERP
• Relies on certified and always updated data
• Unified Search Experience for internal and external suppliers
• AI-automated RFX for sending and analyzing hundreds of requests
• Soource Tools for customized productivity enhancements
• Data Lab for on-demand verified data enrichment
• 99% success rate per scouting
• Average 4 days to find the right supplier
• Reduces wrong or outdated data in vendor base by 94%

Funding rounds we track

From the AI funding tracker — rounds as reported by the linked publications.