Procol Strategic Sourcing

Spec sheet

What it does

Procol presents Strategic Sourcing as a collaborative procurement platform for supplier sourcing, negotiations, contracts, approvals and spend decisions.Read 15 Oct 2026 · procol.ai

Purpose

Procol describes its strategic sourcing platform as a collaborative tool to streamline sourcing, strengthen supplier relationships, and automate manual work.Read 30 Sep 2026 · procol.ai

Platforms

Procol’s responsible disclosure policy covers its iOS, Android, and web apps.Read 30 Sep 2026 · procol.ai

Integrations

Procol’s homepage displays integrations including SAP, SAP Ariba, Slack, Oracle, Zapier, ERPNext, Workday, Jira, and Gmail.Read 30 Sep 2026 · procol.ai

Security

Procol states that its platform is SOC 2 Type II certified, ISO 27001 aligned, GDPR compliant, and backed by cyber security insurance.Read 30 Sep 2026 · procol.ai

Headquarters

The privacy policy gives the corporate office as Unit 404, 405 and 407, Tower C, Unitech Cyber Park, Sector 39, Gurugram, Haryana, India.Read 15 Oct 2026 · procol.ai

Founded

2017Read 28 Sep 2026 · procol.ai

AI data policy

The privacy policy says customer data is not used to train public or shared AI models without explicit authorization and advises reviewing AI outputs before business use.Read 15 Oct 2026 · procol.ai

Analysis

The strategic sourcing page lists scenario-based analysis to compare costs, risks, and supplier mixes before a decision.Read 30 Sep 2026 · procol.ai

API and webhooks

Procol advertises APIs for integrations and API-first webhooks for bidirectional supplier-data synchronization with SAP, Oracle, Dynamics and other ERPs.Read 15 Oct 2026 · procol.ai

Auction strategies

The platform advertises more than 45 auction strategies for creating supplier competition.Read 15 Oct 2026 · procol.ai

Auctions

The strategic sourcing page says users can convert an RFQ into a live auction and lists more than 45 auction strategies.Read 30 Sep 2026 · procol.ai

Company legal entity

Procol’s terms identify Procol Tech Private Limited as the private company operating the website and mobile procurement platform.Read 15 Oct 2026 · procol.ai

Company-data discrepancy

Crunchbase lists Procol Tech Inc. with Gurugram headquarters, 101–250 employees, founders Gaurav Baheti and Sumit Mendiratta, 22 investors and five funding rounds.Read 15 Oct 2026 · crunchbase.com

Contract lifecycle

The product supports award-to-contract workflows, contract redlining, centralized storage, renewal reminders and automated renewals.Read 15 Oct 2026 · procol.ai

Contract workflows

The strategic sourcing page says Procol supports contract redlining, storage, and renewal automation.Read 30 Sep 2026 · procol.ai

Documentation limitation

A Procol comparison article says the product relies on implementation teams because product documentation is limited.Read 15 Oct 2026 · procol.ai

Enterprise customer claim

The strategic-sourcing page says the suite is trusted by more than 250 enterprises.Read 15 Oct 2026 · procol.ai

Founded and investors

LinkedIn describes Procol as founded in 2018, privately held, with 51–200 employees and backing from Peak XV Surge, Blume Ventures and Beenext.Read 15 Oct 2026 · linkedin.com

Funding news

Economic Times reported on September 13, 2022 that Procol raised ₹51 crore from GMO Venture Partners, Alarko, Esas, FounderBank, Anchorage and existing investors.Read 15 Oct 2026 · economictimes.indiatimes.com

Implementation time

Procol says guided implementation typically takes two to three weeks.Read 15 Oct 2026 · procol.ai

Integration options

Official materials list ERP, master-data, SMTP and PR-to-PO integrations, with named systems including SAP, Oracle, Microsoft Dynamics, ERPNext, Slack and Zapier.Read 15 Oct 2026 · procol.ai

Limit: Apple app

Apple reviewers complain that tenders or events do not appear or update reliably, and one calls the software overly complex.Read 15 Oct 2026 · apps.apple.com

Limit: customization and validation

G2 summaries mention inflexible features, missing customization and incomplete data validation.Read 15 Oct 2026 · g2.com

Limit: Google Play app

Google Play reviews include complaints that bid timing or ranking is unclear and that support did not respond to contacts.Read 15 Oct 2026 · play.google.com

Limit: operational issues

G2 reviews mention occasional bugs, connectivity problems during auctions, weak reporting access and requests for additional modules.Read 15 Oct 2026 · g2.com

Praise: ease of use

G2 review analysis repeatedly highlights an easy, intuitive interface and access from anywhere.Read 15 Oct 2026 · g2.com

Praise: efficiency

G2 reviewers report streamlined procurement and shorter turnaround times for buyers and suppliers.Read 15 Oct 2026 · g2.com

Praise: support

G2 reviewers repeatedly describe customer support as responsive and helpful.Read 15 Oct 2026 · g2.com

Pricing limitation

Procol directs buyers to select modules and add-ons to request a custom quote; the pricing page shows no fixed price.Read 30 Sep 2026 · procol.ai

Pricing model

The pricing page shows no numeric tiers and instructs buyers to select modules for a custom quote.Read 15 Oct 2026 · procol.ai

Rating on Apple App Store

Procol Bid is rated 3.9 out of 5 from 34 ratings.Read 15 Oct 2026 · apps.apple.com

Rating on FeaturedCustomers

FeaturedCustomers reports 4.8 out of 5 from 683 reference ratings.Read 15 Oct 2026 · featuredcustomers.com

Rating on G2

Procol scores 4.8 out of 5 from 53 reviews.Read 15 Oct 2026 · g2.com

Rating on Gartner Peer Insights

The strategic-sourcing listing currently shows 0.0 out of 5 from 0 reviews, while its displayed component scores are 4.5 for evaluation, 4.5 for integration, 4.8 for support and 4.8 for capabilities.Read 15 Oct 2026 · gartner.com

Rating on Google Play

Procol Bid is rated 4.0 out of 5 from 181 reviews and has 10K+ downloads.Read 15 Oct 2026 · play.google.com

Rating on TrustRadius

TrustRadius lists Procol at 0 out of 10 from 0 reviews.Read 15 Oct 2026 · trustradius.com

RFQ conversion

Any RFQ can be converted into a live auction with one click.Read 15 Oct 2026 · procol.ai

RFx and eAuction events

Users can create, customize, run or schedule RFx and eAuction events across categories and geographies, using templates and real-time response tracking.Read 15 Oct 2026 · procol.ai

Scenario analysis

Scenario-based analysis compares alternative costs, risks and supplier mixes before an award decision.Read 15 Oct 2026 · procol.ai

Security certifications

The company displays ISO 27001, SOC 2 Type 2, GDPR-compliance and cyber-insurance claims.Read 15 Oct 2026 · procol.ai

Sourcing features

The Sourcing module lists dynamic RFQ/RFx, automatic vendor matching, bid comparison, historical data insights, real-time collaboration, custom workflows, and custom templates.Read 30 Sep 2026 · procol.ai

Sourcing opportunity detection

Its intelligent engine scans purchase requests, contracts and supplier performance, then flags expiring contracts, bid-worthy requests and savings opportunities.Read 15 Oct 2026 · procol.ai

Spend analysis

AI analytics combine spend data across systems to identify spending patterns, supplier-performance problems and sourcing gaps.Read 15 Oct 2026 · procol.ai

Supplier collaboration

Procol centralizes supplier responses, compares them side by side and provides supplier scoring tools.Read 15 Oct 2026 · procol.ai

Supplier operations agents

Supplier agents handle document extraction, validation, onboarding approvals, compliance checks, scoring, risk monitoring and audit trails.Read 15 Oct 2026 · procol.ai

Who it is for

Procol says its platform is used by enterprises and its about page names Reliance, VIP, and Havells as customers.Read 30 Sep 2026 · procol.ai

Plans and prices

Every Procol Strategic Sourcing plan and price →

Where Specifiction places it

• Sourcing Software#3 of 238.4
• Procurement Orchestration Software#5 of 268.4