Raapyd Vendor Management System, a flagship product by Alticon Technologies Pvt. Ltd. – a part of Raapyd Inc. – has been honoured with the prestigious Procurement Technology Award at the ISM-India Awards 2025
With its globally renowned technology solutions, Raapyd is empowering organizational operations with the help of innovative Raapyd Vendor Management System that seamlessly elevates digital strategy, bringing maximized business-results for its customers.
Leveraging on its deep expertise, the company provides ready-to-deploy SaaS Platforms, both On-Cloud or On-Premise, with cutting-edge technologies. Raapyd Vendor Management Platforms are pre-integrated with ERP-platforms, supporting critical use cases like; contract management, purchase order management, invoice processing and payment. The company’s SaaS platforms are powered by AI/ML technologies to enable smart features for different business-functions.
Over the past recent years – procurement technology has evolved considerably and today it is revolutionizing how businesses manage sourcing, purchasing and supplier relationships in a collaborative environment.
With advancements in automation and digital transformation, organizations are streamlining procurement processes, reducing costs and improving efficiency. Automation is eliminating manual tasks in procurement, such as Contract Management, purchase order generation and invoicing. Our AI-powered tools can analyse spending patterns, predict demands and even suggest optimal suppliers. Our solutions and services facilitate our clients to make complete use of the current remote structure and scale up their business-operations with on-demand access to various computing resources.
This recognition highlights Raapyd’s commitment to enabling seamless digital transformation in procurement and vendor operations for forward-looking enterprises.” said, Akshat Joshi, CEO, Raapyd Inc.
As AI and machine learning evolve, procurement will become more predictive and autonomous. Businesses that embrace digital transformation will gain a competitive edge through smarter sourcing, risk mitigation and sustainable procurement practices.
About Raapyd Vendor Management System
Raapyd Vendor Management System , a flagship product by Alticon Technologies Pvt. Ltd. Is part of Raapyd Inc. Raapyd is a trusted end-to-end digital transformation partner to address inefficiencies in traditional procurement systems. Vendor-interactions, managed manually over email and spreadsheets, lead to delays and errors. This portal automates vendor lifecycle management, improves compliance and fosters stronger supplier-relationships. This is a secure and self-service application platform, that enables vendors to register and submit documents and track purchase orders, invoices and payments, while facilitating internal teams to review and approve vendors seamlessly. The Company is well entrenched globally with its offices in USA, Canada, UK, China, Middle East, Africa and Japan
About ISM Award
ISM-India Award 2025 is driven by the Institute for Supply Management and nominee are judged by it’s jury members on the basis of innovation, sustainability and resilience for the future.
ISM-INDIA is a premier professional body committed to advancing excellence in procurement and supply chain management. Through global certifications, training programs, knowledge events, and industry partnerships, ISM-INDIA empowers professionals and organizations to build resilient, sustainable, and future-ready supply ecosystems. It is the exclusive affiliate of ISM–World, USA, the world’s largest supply management association.
