SourceRFX - Strategic Sourcing & procurement platform and services

SourceRFX is a B2B startup, founded in 2016, headquartered in the United States. The company offers an affordable procurement platform and services for the mid-market, specializing in Source2contract, procure2pay, and supplier collaboration. SourceRFX acts as an exclusive platform to facilitate Industrial Procurement and Marketing by connecting manufacturers, suppliers, and service providers. Through their platform and services, they aim to reduce procurement costs for multiple buyers by driving competition among qualified suppliers. They also streamline the quotation and proposal process, improve purchase function efficiency, and specialize in dealing with direct material, bulk procurement, and custom manufactured items. The company's Customer Portal allows sales and delivery teams to maintain product catalogs and provide updates on quotes, orders, and payments, while enabling customers to view product catalogs, place orders, track order/shipment status, and more. The Buyer Portal enables purchase teams to manage supplier information, float RFQ/RFPs, and place/manage orders, while the Supplier Portal allows suppliers to interact with buyers and submit quotes, view orders, and update statuses. SourceRFX's online inventory management function allows remote teams to seamlessly update issues, receipts, and adjustments across warehouses. Although there are no publicly available details about the company's last investment or its investors, SourceRFX aims to revolutionize the procurement industry with its comprehensive platform and services.