Canary also offers a version of its service for contractors/suppliers, allowing them to see their own scores and how they compare to rivals in their area. The platform uses structured qualitative data from reviews to help suppliers understand their performance on various dimensions such as inventory, customer service, and pricing. Procurated monetizes through a software-as-a-service annual subscription model, with rates varying depending on the amount of data suppliers want access to.
Key takeaways:
- Procurated has launched an AI-powered platform called Canary, which acts as a 'Yelp' for government agencies, allowing them to see reviews and scores of vendors they're considering for contracts.
- Canary uses AI to aggregate reviews from public sector purchasers and supplier performance insights, giving each supplier scores on a 1-5 star scale, both nationally and state-wise.
- Canary also offers a version of its service for contractors/suppliers, allowing them to see their own scores and how they compare to rivals in their area.
- Procurated monetizes through a software-as-a-service annual subscription model, charging suppliers depending on how much data they want access to from Canary.