AI TOOL PROFILE
Onventis: Source-to-Pay Procurement Software
- Operations
- Procurement
- Mid-market enterprises (EUR 50M to 1B revenue)
- Procurement managers
- CFOs and Accounts Payable managers
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
At a glance
- Best for
- Mid-market enterprises (EUR 50M to 1B revenue), Procurement managers, CFOs and Accounts Payable managers
- Key use cases
- Digitalizing Supplier Sourcing, Automating Invoice Processing, Managing Direct Materials, Improving Supplier Collaboration
- Integrations
- SAP, Oracle, Microsoft Dynamics AX, Microsoft Dynamics Navision, Microsoft Dynamics Business Central
- Official website
- Visit onventis official website
How AI is used
Onventis is a cloud-based procurement suite designed for the Source-to-Pay lifecycle. It provides tools for sourcing, supplier qualification, contract management, and invoice payment within one platform.
The software is primarily built for mid-market enterprises with annual revenues between EUR 50 million and EUR 1 billion. It supports both direct and indirect spend management, which may help companies managing physical production materials and general services.
Capabilities include automating accounts payable through OCR and robotic accounting, and a collaboration network that connects buyers with suppliers. The system is designed to synchronize data in real time with various ERP environments.
Buyers should confirm how the platform's specific modules align with their internal approval workflows and verify the specific capabilities of the AI agents for their procurement needs.
Key Features
Source-to-Pay Processes
A suite covering the procurement cycle from sourcing to final payment.
Supplier Management
Tools for supplier information, qualification, and evaluation.
AP Automation
Supports invoice processes using robotic accounting and OCR-as-a-Service.
Spend Analytics
Provides analysis of business spend to support financial control and cost awareness.
Contract Management
Supports the lifecycle management of procurement contracts.
ERP Integration
Synchronizes master and transactional data in real time with systems like SAP, Oracle, and Microsoft.
Onventis AI Agents
AI-driven tools designed to assist with procurement tasks.
Use Cases
Digitalizing Supplier Sourcing
Using the platform to manage supplier qualification and conduct sourcing auctions.
Automating Invoice Processing
Using AP automation to help reduce manual effort in handling incoming supplier invoices.
Managing Direct Materials
Coordinating the procurement of production materials in sync with ERP planning logistics.
Improving Supplier Collaboration
Utilizing the Onventis Network to connect and exchange data with business partners.
Integrations
- SAP
- Oracle
- Microsoft Dynamics AX
- Microsoft Dynamics Navision
- Microsoft Dynamics Business Central
- Infor
- EcoVadis
- IntegrityNext
FAQ
Who is Onventis designed for?
- Onventis is primarily designed for mid-market companies, specifically those with an annual turnover between EUR 50 million and EUR 1 billion.
Which ERP systems does Onventis integrate with?
- The platform offers integrations with several ERP systems, including SAP, Oracle, Microsoft Dynamics, Infor, and others, to allow for real time data synchronization.
Does Onventis include AI capabilities?
- Yes, the platform includes Onventis AI Agents designed to assist with procurement tasks.
Source category: Operations
Source subcategory: Procurement
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