Wherex is an AI-powered platform designed to transform and automate the enterprise sourcing process. It aims to free procurement departments from operational tasks, enabling them to focus on strategic decisions by connecting them with the business and the market. The platform offers a comprehensive procurement ecosystem that digitizes the entire process from requisition to quotation selection, facilitating fast, data-driven decisions. Key components include the Shopping Platform for end-to-end procurement automation, an AI Marketplace for intelligent matching with local suppliers from an ecosystem of over 60,000 vendors, and Analytics and Price Indices to compare historical pricing against market benchmarks for strategy optimization. Wherex Connect facilitates seamless integration with existing ERP systems (like SAP, Oracle, Dynamics) and other tools, unifying and streamlining all phases of the procurement process, including PO generation, contract management via Webdox integration, and payment centralization.

Features & Benefits

• AI-Powered Sourcing Automation: Digitizes and automates the entire procurement process from requisition to payment, enabling strategic decision-making.
• Connected Supply Ecosystem: Integrates procurement with business units and suppliers, fostering collaboration and connecting ERP systems.
• AI Marketplace: Intelligently matches businesses with suitable local suppliers from a large ecosystem, promoting competition.
• Analytics and Price Indices: Compares historical purchasing data with market benchmarks to identify optimization opportunities and generate value.
• ERP and Tool Integration: Connects with existing ERPs and tools to unify and streamline procurement phases, including PO generation and contract management.