Keelvar Launches Rate Manager: Turning a Tedious Process into a Competitive Advantage

CORK, Ireland--(BUSINESS WIRE)--Keelvar, a global leader in intelligent sourcing solutions, has announced the launch of its latest innovation, Keelvar Rate Manager, a centralized rate management tool designed to empower procurement teams with streamlined, efficient, and compliant rate handling. Built to address the growing complexity and automation of sourcing operations, Rate Manager enables procurement professionals to focus on strategic priorities while reducing the administrative burden of manual rate management.

“In today’s fast-paced procurement landscape, inefficiencies in rate management can stifle progress and competitiveness,” said Alan Holland, founder and CEO of Keelvar. “With Rate Manager, we’re equipping procurement teams worldwide to overcome these challenges and set new standards for efficiency and data-driven decision-making. This tool is more than an enhancement; it’s also setting them up for success with their adoption of automation in sourcing.”

Centralized, Automated, and Scalable Rate Management

Rate Manager consolidates all supplier rates into a single platform, providing real-time updates and advanced filtering for easy access to critical information. The tool significantly improves operational efficiency, transparency, and compliance by reducing reliance on disparate systems and manual processes.

Key features include:

• Real-time updates: Ensure accuracy with automated rate modifications and eliminate the risks of outdated data.
• Advanced search and reporting: Empower teams with efficient filtering, sorting, and exportable views to inform strategic decisions.
• Granular access controls: Maintain data integrity with tailored permissions for secure and consistent management.
• Seamless integration: Fully integrated with Keelvar’s existing advanced Sourcing Optimizer and Autonomous Sourcing products as well as Keelvar’s benchmarking partners, creating a unified sourcing ecosystem.

Delivering Tangible Business Outcomes

Early adopters of Rate Manager have reported significant improvements in key areas:

• Cost savings: Unlock additional savings through consolidated data and trend analysis.
• Time efficiency: Reduce administrative overhead and speed up sourcing events with streamlined rate updates.
• Enhanced compliance: Drive transparency and adherence to contracted terms with a single source of truth for rates.
• Data-driven strategies: Leverage historical and real-time data to strengthen supplier negotiations and forecasting.

The Road Ahead

Additional enhancements such as the automatic storage of rates and triggering of sourcing events when rates expire are on the roadmap. These developments will further strengthen Rate Manager’s position as a vital tool in procurement teams’ tech stack for scalable and touchless autonomous sourcing.

About Keelvar

Keelvar is a pioneer in intelligent sourcing solutions, combining advanced optimization and automation technologies to deliver measurable value to procurement teams globally. With a mission to scale sourcing excellence and drive competitive advantage, Keelvar continues to redefine what’s possible in ProcureTech.

For more information about Keelvar Rate Manager and to schedule a demo, visit www.keelvar.com.