Velocious Sourcing and Supplier Collaboration logo

Description

Velocious is a comprehensive cloud-based Supplier Relationship Management (SRM) platform designed to optimize the entire supplier lifecycle. From initial Request for Proposal (RFP) and Request for Information (RFI) processes to supplier onboar...

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Use Cases

Key Features

  • Invoice Management
  • Invoice Processing
  • Financial Reporting
  • Rfx Management
  • Procurement Management
  • Collaboration Tools

Made For

Industries

  • Manufacturing
  • Retail
  • Healthcare
  • Financial Services
  • Technology

Customer Segments

  • Small Businesses
  • Mid-size Businesses
  • Large Enterprises

Supported Platforms

  • Web
  • Mobile

Pros

  • Comprehensive SRM functionality covering the entire supplier lifecycle
  • Reverse auction module for cost savings and competitive bidding
  • Supplier portal for self-service and improved collaboration
  • Automated invoice processing and payment notifications for efficiency
  • Integrated timesheet tracking for project cost management

Cons

  • Potential complexity for smaller businesses with simpler needs
  • Integration with existing systems may require technical expertise
Year Founded
2005
HQ Location
San Jose, CA
LinkedIn
201-500 employees
@VelociousTech
5K followers

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