What is Vroozi?

Vroozi provides a comprehensive AI-powered spend management platform, known as SpendTech®, designed to streamline and optimize the entire procure-to-pay (P2P) process for businesses. It enables organizations to manage corporate spend effectively by unifying all suppliers and catalogs into a central digital marketplace, empowering employees to make purchases with confidence while ensuring compliance with company policies and contracted pricing. The platform simplifies procurement workflows, from purchase requisition and approval to purchase order generation and transmission in various formats.

Furthermore, Vroozi automates accounts payable (AP) operations through intelligent invoice processing, utilizing cognitive OCR technology to capture data from invoices without manual entry and facilitating 2-way and 3-way matching. This automation significantly speeds up invoice processing and payment cycles, improving supplier relationships and providing real-time visibility into spending patterns. The platform seamlessly integrates with existing ERP and accounting systems like SAP, Oracle, NetSuite, and Microsoft Dynamics, enriching data and reducing manual entry errors, ultimately leading to substantial cost savings and increased operational efficiency.

Features

AI-Powered Procure-to-Pay: Manages the entire P2P cycle with AI capabilities.
eProcurement: Simplifies purchasing with a unified marketplace, requisitions, and PO generation.
Accounts Payable Invoice Automation: Automates invoice capture (Cognitive OCR), matching, and approval workflows.
Digital Marketplace: Centralizes supplier catalogs (hosted and punch-out) with company-specific pricing.
Supplier Portal: Enhances collaboration and communication with suppliers.
Workflow Approval Engine: Configurable rules for streamlined purchase and invoice approvals on any device.
Seamless Integrations: Connects with ERP and accounting systems (SAP, Oracle, NetSuite, Microsoft Dynamics, etc.).
Spend Insights & Analytics: Provides real-time visibility and actionable data for spend optimization.
Digital Payments: Facilitates timely and efficient supplier payments (vCard/ACH/eCheck options).