VendorForgeIQ — AI Procurement

Procurement errors cost 1-3% of annual turnover. ProcurementIQ pays for itself in the first month. 5 supplier alternatives, contract risk detection, supply chain scoring, Modern Slavery Act compliance.

Who it is for

Procurement leaders and contract managers at mid-market to enterprise organisations who need faster, compliant vendor decisions.

What customers tell us

• ▪Our team spends 3–5 days manually reviewing supplier contracts and background data, blocking purchase orders.
• ▪We lack visibility into supplier risk profiles and can't compare terms consistently across hundreds of vendors.
• ▪Compliance audits demand proof that our AI-driven procurement decisions are transparent and explainable.

What's inside

• ▪Extract key contract clauses and payment terms in minutes, not hours—surfaces liability, termination, and SLA language automatically
• ▪Score suppliers on risk factors (financial stability, regulatory flags, geographic exposure) via public and proprietary data feeds
• ▪Generate explainable reasoning for every procurement recommendation—audit trail built in for GDPR and EU AI Act reviews
• ▪Compare vendor proposals side-by-side with standardised scoring, eliminating manual spreadsheet work
• ▪Flag regulatory and sanctions changes that affect active suppliers in real time, with impact summaries

How we solve it

VendorForgeIQ combines large language models with structured procurement knowledge and EU AI Act guardrails. Every analysis is explainable: you see why a supplier scored high or low, what contract risks triggered an alert, and which data sources informed the decision. We enforce transparency by design—no black-box recommendations—so your procurement team and compliance officers trust the AI and retain full control.

What you achieve in 30 days

Within 30 days, procurement teams typically cut contract review time by 70% and move from reactive vendor management to predictive risk monitoring. You'll onboard a vendor scorecard that your team can audit and refine with confidence.

How this product keeps improving

VendorForgeIQ learns from your team's contract edits and vendor feedback: when you accept, reject, or adjust a recommendation, the model strengthens its understanding of your procurement priorities and risk appetite. Every audit cycle refines our compliance reasoning, ensuring the product stays aligned with evolving EU AI Act guidance.

FAQ

Can VendorForgeIQ integrate with our procurement platform or ERP?

Yes. VendorForgeIQ connects via API to SAP Ariba, Coupa, Jaggr, and other major procurement systems. We also support manual CSV uploads for contract data and vendor lists, with results pushed back to your platform daily or on demand.

What's the commitment and can we cancel?

VendorForgeIQ is £349/month per organisation. You're not locked into a long-term contract—cancel anytime with 30 days' notice. Most customers see ROI within 60–90 days through time savings alone.

How does VendorForgeIQ handle GDPR and supplier data privacy?

All supplier data is encrypted in transit and at rest. We comply with UK GDPR and DSGVO: your team controls data retention and can request deletion of supplier profiles. Our AI audit logs are retained for 12 months to support compliance reviews and are available on demand.

Is VendorForgeIQ certified or compliant with the EU AI Act?

VendorForgeIQ is built and operated in alignment with the EU AI Act's transparency and risk management requirements—not yet formally certified, as the Act is being finalised (enforcement begins 2026). We maintain explainability logs, document training data provenance, and support your organisation's conformance audits.

⚠️ Legal disclaimer (COMPLIANCE): This product is provided for information and compliance documentation only; it is not regulatory advice. Read the full disclaimer below or in our Terms of Service before purchase.