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.

ABOUT

Our story

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.

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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.

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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.

EdgeworthBox - Three screens with different functions
ABOUT

What we think

Hanging light
Procurement, RFP, Sourcing, Collaboration

What Are the Biggest Problems in Procurement?

What are the biggest problems in procurement? There are no shortage of them when you…
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Procurement, RFP, Sourcing, innovation

Managing Opportunity Costs Is More Important and More Difficult than Reducing Transactions Costs in Procurement

Why are opportunity costs more important than transactions costs? They’re larger. Why are opportunity costs…
coral reef ecosystem
Procurement, RFP, Sourcing, Collaboration, riskmanagement, diversity, corporategovernance

Complexity and Price Volatility in Procurement

We’ve written previously about the conceptual difference between complexity and complication. “To say that a…

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.

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