Source: businesswire

Keelvar, a global leader in intelligent sourcing solutions, has announced the launch of its latest innovation, Keelvar Rate Manager, a centralized rate management tool designed to empower procurement teams with streamlined, efficient, and compliant rate handling. Built to address the growing complexity and automation of sourcing operations, Rate Manager enables procurement professionals to focus on strategic priorities while reducing the administrative burden of manual rate management.

“In today’s fast-paced procurement landscape, inefficiencies in rate management can stifle progress and competitiveness,” said Alan Holland, founder and CEO of Keelvar. “With Rate Manager, we’re equipping procurement teams worldwide to overcome these challenges and set new standards for efficiency and data-driven decision-making. This tool is more than an enhancement; it’s also setting them up for success with their adoption of automation in sourcing.”

Key features include:

• Real-time updates: Ensure accuracy with automated rate modifications and eliminate the risks of outdated data.
• Advanced search and reporting: Empower teams with efficient filtering, sorting, and exportable views to inform strategic decisions.
• Granular access controls: Maintain data integrity with tailored permissions for secure and consistent management.
• Seamless integration: Fully integrated with Keelvar’s existing advanced Sourcing Optimizer and Autonomous Sourcing products as well as Keelvar’s benchmarking partners, creating a unified sourcing ecosystem.