Hivebuy – The AI Platform for Modern Indirect Procurement
Hivebuy empowers every employee to buy quickly and save costs: AI-powered, integrated, and with zero training required. Our intelligent AI agents automate repetitive tasks across the entire purchase-to-pay process, delivering transparency, compliance, and verifiable savings of up to 19% per order.
From purchase request to approval to invoice processing, Hivebuy automates what used to be manual and gives procurement, finance, and management full control over every spend.
AI Agents Across the Entire Procurement Process
1. Purchase Requisition: Capture demand faster and smarter
- Intake Agent: Automatically captures incoming requests, fills in missing fields, and creates requisitions directly from uploaded PDFs, Excel files, or other documents.
- Recommendation Agent: Suggests the optimal source of supply: catalog, preferred supplier, or framework contract, based on price, compliance, and historical data.
- Category Agent: Automatically classifies requests into the correct product group for approval, budgeting, and reporting.
- Contract Agent: Checks existing framework contracts and ensures orders are routed through contractually bound suppliers.
- Savings Agent: Evaluates prices, volume discounts, and alternatives to secure the best commercial terms, for up to 19% savings per order.
- Comparison Agent: Automatically compares uploaded quotes by price, performance, and terms, and creates purchase requisitions directly from the selected offer.
- MS Teams Agent & Slack Agent: Submit requests and approvals directly from Microsoft Teams or Slack, no tool switching required.
- Status Agent: Proactively informs all stakeholders about status changes, delays, and escalations.
- Customer Support Agent: Answers operational questions about order status and processes, relieving the procurement team in day-to-day work.
- Parsing Agent: Identifies order confirmations and related documents in incoming emails and automatically matches them to the correct orders.
2. Back Office: Automate approvals and data quality
- Approval Agent: Manages approval workflows rule-based, validates budgets in real time, and escalates automatically when inactive.
- Analytics Agent: Delivers spend insights by supplier, category, and cost center, uncovering optimization potential.
- Data Enrichment Agent: Adds missing metadata and improves data quality for clean reporting and seamless ERP handover.
3. Invoice Management: From document intake to booking
- Invoice Agent: Imports invoices, extracts all fields via OCR and AI, and automatically triggers 3-way matching against purchase order and goods receipt.
- Compliance Agent: Checks every invoice for rule conformity and triggers the appropriate escalation process when discrepancies occur.
- Accounting Agent: Assigns invoices accounting-wise, including cost center and GL account and prepares ERP handover.
Platform Components That Hold It All Together
- Central purchase requisition with Excel upload, integrated product search, and direct connection to online shops and marketplaces (including punch-out catalogs)
- Structured approval processes with role and permission concept for maximum compliance
- Dashboards & reporting for full transparency across all orders, budgets, and suppliers
- Seamless ERP integration for end-to-end processes from request to booking
Value for Enterprises
Hivebuy reduces process costs, eliminates maverick spending, and relieves procurement and finance teams through intelligent automation. Instead of months-long implementation projects, Hivebuy goes live within hours, no IT effort, no training, no change management required.
The result: efficient procurement, transparent spend, and verifiable savings across the entire purchase-to-pay process.