Latest integration incorporates award,
solicitation, protest and vendor data to enable faster, more
accurate requirements building with generative AI for acquisition
professionals
MCLEAN,
Va., Oct. 30, 2024 /PRNewswire/ -- Appian
(Nasdaq: APPN) today announced the integration of ProcureSight
with Appian Requirements Management, a solution for building
requirements packages in the Appian Government Acquisition suite.
The Requirements Management-ProcureSight integration allows
government procurement professionals to build requirements faster
and more accurately using semantic search and generative AI.
With generative AI and semantic search,
procurement teams can create requirements documents faster and more
accurately.
Requirements building is a crucial phase of the procurement
process. Having clearly defined requirements results in a less
risky contract opportunity, increasing competition and lowering
vendor pricing. However, capturing all of the details of the
opportunity must be done in a precise and deliberate fashion.
As outlined in the Federal Acquisition Regulation (FAR),
procurement professionals are required to research past
procurements to learn about and compare contract vehicles, vendors,
costs, and other details associated with the acquisition of similar
goods and services. This is a difficult and time-consuming process
involving government websites that often lack relevant results and
require users to manually combine pertinent information.
The Requirements Management-ProcureSight integration is designed
to solve this challenge, allowing the research functionality in
ProcureSight to feed directly into agency- and procurement-specific
requirements creation in the Appian Requirements Management
solution. By leveraging generative AI and semantic search,
procurement teams are able to create requirements documents faster
and more accurately. Key benefits include:
- Streamlined past procurement research. Using semantic
search, ProcureSight brings highly-relevant search results to the
forefront and displays all results—solicitation, award, vendor, and
protest data—from multiple websites in one place, saving hours of
manually reading through hundreds of pages of information.
- AI insights. ProcureSight automatically surfaces
key insights from historical documents and offers an AI chatbot
that pinpoints the information you're looking for without needing
to read through hundreds of pages.
- Faster building and customization of requirements
packages. Requirements Management uses generative AI to
draft new documents based on the results found and saved in
ProcureSight while allowing users to adjust the approach and length
of each section, as needed.
- Accuracy with best-in-class contract vehicles.
Requirements Management automatically displays best-in-class
contracts based on PSC or NAICS codes.
"I wish I had known about ProcureSight sooner—it would have
saved me a lot of time. I used to go to SAM to find similar
procurements and use similar language," said an analyst at a
federal agency. "So far, out of all the other AI tools I'm
exploring, this one is one of the best."
"Requirements building is an essential, yet laborious and
time-consuming, part of the procurement process," said Ben Allen, Public Sector Solutions Vice
President, Appian. "This integration brings the power of
ProcureSight directly into the Appian Requirements Management
solution, allowing procurement professionals to seamlessly create,
track, build, and manage requirements packages all in one place. By
layering in AI and semantic search, we're drastically reducing
procurement action lead time without compromising accuracy,
enabling more competition and the potential of significant cost
savings for our government customers."
To learn more about this integration and new capabilities,
schedule a demo to see how ProcureSight integrates with Appian
Requirements Management.
About Appian
Appian is a software company that orchestrates business
processes. The Appian Platform empowers leaders to design,
automate, and optimize important processes from start to finish.
With our industry-leading platform and commitment to customer
success, Appian is trusted by top organizations to drive
transformational process change. For more information, visit
appian.com. [Nasdaq: APPN]
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SOURCE Appian