Accelerate the creation of US federal
acquisitions and achieve better outcomes.
MCLEAN,
Va., April 15, 2024 /PRNewswire/ -- Today
at the Appian World Government Acquisition Summit, Appian (Nasdaq:
APPN) unveiled ProcureSight (procuresight.com), a solution designed
for US federal procurement professionals to accelerate the creation
of acquisitions and achieve better acquisition outcomes by
leveraging historical procurement data in public databases.
ProcureSight does not require an Appian user license, but it is
powered by Appian's AI, process automation, and data fabric
technologies. ProcureSight is available today and throughout 2024
at no cost to US procurement professionals.
The procurement data dilemma
The US federal
government's mandated procurement process creates an overwhelming
documentation burden. Referencing previous procurements expedites
the process and enables agencies to gain valuable insights into
past suppliers, procurement methods, costs, timelines, and more.
Federal procurement professionals currently must search multiple
websites to gather past solicitation and award information, and
even if the data is discovered, it often lacks the completeness and
contextual information needed to make it valuable.
ProcureSight is designed to solve this data dilemma. Users
simply search for the goods or services of interest and press
Enter. Using semantic search, ProcureSight scours SAM.gov and
USASpending to find similar procurements and instantaneously
provides meaningful, relevant results in a single view. It includes
links to the source material, assuring all answers are correct and
based on actual procurement data. From these combined sources,
ProcureSight delivers synthesized insights, not just raw data,
displaying average time to award, average award amount, average
award length, and more. Key benefits include:
- Find relevant past procurements, fast. ProcureSight uses
semantic search to find relevant past procurements, unlike public
websites that often provide poor and irrelevant search
results.
- Gain insights from past procurements. ProcureSight
automatically displays key insights, such as best-in-class contract
use, average time to award, average award amount, average contract
length, small business data, and socioeconomic data.
- View all solicitation and award data in one place. With
ProcureSight you can view procurements end to end, linking
solicitation and award data in a unified view.
- Accelerate procurement creation. Get insights from
previous solicitations and awards to improve future
acquisitions.
- Achieve better procurement outcomes. Write better
requirements based on an improved understanding of suppliers,
market trends, pricing dynamics, and the regulatory landscape.
- Accelerate document creation. ProcureSight templates
make it easier to create documents such as statements of work
(SOWs), requests for information (RFIs), and vendor questionnaires.
It uses AI to prompt documentation creation based on the topics
required in existing documents. ProcureSight's AI chatbot helps
users drill into the data to uncover more information.
While ProcureSight is a standalone service and does not require
an Appian license, it seamlessly integrates with Appian's
Government Acquisition Management solution suite. This integration
provides users full access to ProcureSight without the need for
separate logins.
"ProcureSight is the only solution of its kind specifically
designed for federal government procurement professionals," said
Ben Allen, Public Sector Solutions
Vice President. "It finds the relevant data they need with source
links, automatically generates insights from that data,
significantly simplifies the creation of required documentation,
and enhances overall efficiency. ProcureSight effectively addresses
the challenges that have long-hindered the government's procurement
efforts."
Through December 31, 2024,
ProcureSight is free for anyone with a valid .gov or .mil email
address. Sign up today and follow ProcureSight news on
LinkedIn.
About Appian
Appian is a software company that
automates business processes. The Appian AI Process Platform
includes everything you need to design, automate, and optimize even
the most complex processes, from start to finish. The world's most
innovative organizations trust Appian to improve their workflows,
unify data, and optimize operations—resulting in better growth and
superior customer experiences. For more information,
visit appian.com.
Follow Appian: LinkedIn, Twitter.
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SOURCE Appian