K2 Sourcing Platform vs procurEngine
K2 Sourcing Platform
k2sourcing.comprocurEngine
procurengine.aiSide by side
| Figure | K2 Sourcing Platform | procurEngine |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | — | Yes |
| Plans published | 2 | 3 |
| Spec score · Sourcing Software | 8.5 (#2) | 8.0 (#6) |
| Company facts | LinkedIn lists K2 Sourcing, Inc. as privately held, founded in 2003, headquartered in Madison, Wisconsin, with 11–50 employees. | Gartner lists AgileApt Solutions as private, founded in 2014, headquartered in Noida Sector-142, India, with 11–50 employees. |
| Deployment | The company describes the product as cloud based with no software installation or implementation project for managed-service users. | The maker describes procurEngine as a cloud-hosted SaaS product built on Microsoft Azure. |
| Founded | 2003 | 2014 |
| Security | K2 Sourcing states that the application is encrypted, password protected and hosted on a SOC 2 compliant server. | The platform states it provides role-based access controls, multi-factor authentication, encryption in transit and at rest, and audit trails by default. |
| Support | GoodFirms lists email, phone and 24x7 support plus help guides, videos, blogs and case studies. | Standard support operates during business hours; Global customers receive 24/7 coverage for critical incidents, and suppliers use the supplier portal for onboarding and invoice help. |
| What it does | K2 Sourcing combines a cloud eSourcing application with managed RFP, RFQ, reverse-auction and strategic-sourcing services. | procurEngine is an enterprise Source-to-Pay platform covering intake, supplier management, sourcing, contracts, purchasing, approvals, invoicing and spend analytics. |
Plans
K2 Sourcing Platform
- Customized subscription planPriced on request
- Custom subscriptionPriced on request
procurEngine
- EnterprisePriced on request
- EssentialPriced on request
- GlobalPriced on request
In their own words
K2 Sourcing Platform
K2 Sourcing Platform is a web-based eSourcing application for procurement and strategic sourcing teams. It supports RFPs, RFQs, RFIs, reverse auctions and supplier onboarding. For RFPs, teams can create questionnaires and pricing models, assess supplier responses, evaluate submissions and consider award scenarios. Reverse auctions let suppliers bid against one another in real time. Supplier information tools cover RFIs, documentation, registration and approved supplier lists; the platform also supports supplier discovery, bid comparison and negotiation workflows. K2 says the application includes more than 100 RFP templates that users can clone and customize, and describes it as mobile friendly. K2 states that the platform is encrypted, hosted on a SOC 2 compliant server and has uptime over 99.9%. Account and project managers with sourcing experience provide customer support. Invited suppliers can join sourcing events without installing software or signing a software agreement. Plans are customized to customer needs, with pricing available by contacting K2. Prospective customers can discuss a 90-day free trial.
procurEngine
procurEngine has no write-up on Specifiction yet; its figures are above.