Botminds Tender Monitoring & Risk Analysis Automation is a powerful no-code AI platform that speeds up the tender screening process & increases bidding confidence for bid teams and tender analysts.

Key capabilities -

AI-powered Bid Monitoring - Intelligent web crawlers coupled with pre-trained models to understand tenders, RFQs/RFIs/RFPs, quick onboarding of new tender sources

Automated Risk Evaluation - Red flag clauses are identified & quantified at the clause level, tender analysts receive risk scores for review
Accurate Costing, Timely Bidding - Increase bid confidence by automated assessment of tenders, bid teams can respond 10x fasterc
Powerful Tender Screening - Quantitative and qualitative side-by side comparison of tender documents to highlight extracted clauses; anomalies, errors, comments

Key challenges the solution overcomes are

1) Bid monitoring is manual based on simple rudimentary keyword-based tracking

2) Extracting information from unstructured, tender documents.

The platform has 4 key modules, vertically integrated and available under a single license -

1. Capture - For automated Extraction: Leverage AI-powered extraction of 10,000+ data points from unstructured tender documents from multiple sources (web, cloud storage, APIs, etc.); with the flexibility to configure any number of parameters relevant to your company or business unit; bulk handling of 1000s of tender documents, automated classification and risk scores based on defined criteria, tender types for tender analysts & bid teams to review.

2. Search - For high-precision contextual results: Intelligent vertical search to find, shortlist potential tender bid opportunities with just a few clicks and compare or analyse tenders based on defined bid criteria. SMEs can validate extracted clauses side-by-side with the original document

3. Analyze - To accelerate decision making: Customized reports and dashboards with role-based access for assigned users and teams. Downloadable tender information sheets with clauses & key terms can be generated, that link back to the original document location.

4. Automate - To maximize efficiency and quality: Tender analysts save 80% time through documents sets organized for easy analysis, with deep linking and automated risk evaluation. The time spent to prepare tender information, on an average reduced with from five person-days to five person-hours, with Botminds AI. Comprehensive reports, document views, searches, downloads, and more are available in a single-click and with a no code interface.

The business outcomes we delivered for a leading EPC enabled this solution to secure an award in ISG Digital Case Study Awards 2021.

Botminds AI Tender Risk AutomationBotminds AI Technologies Pvt. Ltd.

Botminds AI Tender Risk Automation

Botminds AI Technologies Pvt. Ltd.

Botminds AI Tender Risk Automation

Botminds AI Technologies Pvt. Ltd.

Botminds AI Tender Risk Automation
Botminds AI Technologies Pvt. Ltd.