Coming from financial markets, we were shocked at how difficult it was to get set up as a vendor of record, how hard it was to help our customers understand the market, and how long and bureaucratic the whole process took. We were astonished to find that the buyers had an even worse time putting together RFPs and RFQs, and getting relevant suppliers to engage and respond.
Sourcing Made Simple
EdgeworthBox helps B2B buyers purchase the right solution, from the right supplier, at the right price.
WHAT WE BELIEVE
In financial markets, investors focus on what securities to buy, what price to pay, and how this affects their risk profile. They take the execution of the trade for granted. In procurement, too often, B2B buyers obsess over the execution of the trade. This crowds out thinking about what to buy, who to buy it from, or what price they should be paying. We believe that techniques and business models proven to work in financial markets can improve procurement massively.
WHAT WE BUILT
A simplified digital procurement experience with no required implementation or training. Shorter cycles. Lower transactions costs. Relevant market intelligence. Supplier discovery. Increased competition on price and solution for lower opportunity costs. More potential customers.
OUR PLATFORM
What we do
We decided to build a platform similar to ones that we saw work in capital markets that trade millions of times a day. EdgeworthBox brings tools, data, and community so that buyers can research markets, write better RFPs, engage suppliers, and speed up the cycle for more efficient reverse auctions.
HOW WE PRICE
EdgeworthBox has a freemium pricing model. Basic access to our tools, data, and community is free for an unlimited number of seats per organization. Include people from the C-Suite, Finance, Operations, Product, and Sales. Pay for executing a purchase or using other value-added services.
“As a sourcing tool, Edgeworthbox has proved to be a robust and intuitive platform, bringing simplicity to the procurement of a significant and complex client requirement.”
ABOUT
What we think
Sourcing made simple.
Improve the current approach to purchasing with tools, data, and community.
Replace email and spreadsheets or augment your existing source-to-pay architecture.START NOW
