Problem Statement of typical Customer
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We have rate cards with several vendors but often we require a product or service for which either we don’t have a vendor or don’t have a rate card
- We search for vendors on Justdial, Indiamart, and several other online sources
- We take their references and negotiate with each vendor
- Onboard them on ERP platform and have them sign agreements (NDA, EHS, Rate Agreement, etc.)
- Check compliances like licenses and GST filing history
- Train them on how to invoice our company and check any invoicing errors
- Manage payment related escalations
- Later in the year, we also need to check whether they filed their taxes so we can get input tax credit
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We check whether the rate card that we have are good enough per market standards
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Sometimes our regular rate card vendor is not available. In that case, we need to find new vendor and on- board very quickly
Request for Quote
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Vendor Marketplace
- Request quote from 18,000 vendors on platform
- Can on-board your own vendors for comparing rates on single dashboard
- Get multiple quotes
- Approval workflows
- Digital Negotiations
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Artificial Intelligence
- Analyzes all previous purchases on platform
- Suggests price based on previous similar transactions for better negotiation
- Direct Savings for your Company
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Consolidated Billing
- No need to on-board all vendors who give great rates on Vendor Marketplace on your ERP
- Genie Bazaar generates single invoice for all products and services procured on platform
- Genie Bazaar is audited, compliant and full digital
We take responsibility of fulfilling products or services when procured via Genie Bazaar platform
How it Works?
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Post your request
Post your request. You can add images and/or video for additional reference
Request is sent to relevant vendors from base of 18,000 vendors and your preferred vendors
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Compare Quotes
Our team ensures you get quotes for all your requirements
Multiple vendors submit quote for your review.
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Negotiate/Send for Approval
Negotiate rates with vendors
Leverage AI for better negotiation
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Place Order
Track fulfillment