Beyond Key, a global IT consulting and software development firm, has rebranded its Bid Management Software to ProcureKey, marking a significant evolution in its procurement solutions. This strategic move underscores the platform's transformation into an AI-powered procurement solution built on the Microsoft 365 ecosystem, aiming to enhance efficiency, scalability, and innovation for enterprises worldwide.
ProcureKey's Enhanced Capabilities
ProcureKey is designed to streamline procurement processes across various industries, including manufacturing, construction, healthcare, eCommerce, insurance, and energy. The platform automates key procurement tasks such as purchase requisitions, RFP creation with ready-to-use templates, customizable approval workflows, and scored evaluations for supplier selection. A centralized supplier portal fosters real-time collaboration, while AI-powered RFQ comparisons eliminate manual errors. Real-time dashboards and activity logs provide transparency, enhancing decision-making and compliance. These features collectively reduce procurement cycles, strengthen vendor relationships, and improve project outcomes across industries.
Integration with Microsoft 365
Built on the Microsoft 365 ecosystem, ProcureKey ensures security, compliance, and rapid onboarding, often completed in one day, with measurable value delivered within a week. Its integration with Microsoft 365 allows for seamless collaboration and data management, leveraging tools like SharePoint and Teams to enhance user experience and operational efficiency.
Proven Impact and Client Success
ProcureKey has demonstrated significant impact, serving over 150 clients and processing more than 100,000 RFQs annually. The platform delivers an average savings of $200,000 per customer and a minimum 25x return on investment. For instance, MJH Life Sciences reported saving $90,000 in a single year by streamlining vendor interactions through ProcureKey. Similarly, Gigajoule Group highlighted the platform's ease of use and its role in increasing productivity by simplifying the tender process.
Industry-Specific Applications
In manufacturing, ProcureKey supports supply chain purchasing through RFx Management and Reverse Auctions, helping minimize costs and delays. For construction, it addresses issues like scattered documents and disconnected vendor communication by offering a centralized platform with real-time visibility and collaboration. Supported by Beyond Key’s expertise in Data Analytics, Business Intelligence, Cloud Computing, and Artificial Intelligence, ProcureKey enables predictive insights and supports Industry 4.0 adoption.
Beyond Key's Commitment to Innovation
Founded in 2005, Beyond Key is a global technology solutions provider with over 350 professionals, including 75+ certified SharePoint experts. Recognized as a Microsoft Solutions Partner with ISO certification and over 50,000 AppSource downloads, the company delivers solutions in Microsoft 365, Dynamics 365, business intelligence, data analytics, cloud computing, and artificial intelligence. With offices in the US and India, Beyond Key supports clients across various industries.
The rebranding to ProcureKey reflects Beyond Key's commitment to delivering an AI-powered procurement platform that empowers enterprises to digitize processes, reduce costs, and achieve operational excellence. Built on the trusted Microsoft 365 ecosystem, ProcureKey drives significant value for industries like manufacturing, construction, and energy, aligning with Beyond Key's mission to foster innovation and client success.
Conclusion
ProcureKey's rebranding signifies a pivotal advancement in procurement technology, offering enterprises a robust, AI-driven solution integrated within the Microsoft 365 ecosystem. Its comprehensive features, industry-specific applications, and proven impact position it as a transformative tool for organizations aiming to enhance their procurement processes and achieve substantial cost savings.
Source: MediaBrief beyond key rebrands bid management software to 'ProcureKey'
