The AI-powered procurement operating system that brings your people, data, and processes together.
SOC 2 Type II Certification for storing and organizing sensitive data
Transform without disruption
Integrate seamlessly with the tools your team already uses – centralize your data and processes with ease.
Why Procurement Loves Focal Point
INDUSTRY
Insurance
Focal Point has significantly enhanced our procurement department’s efficiency by reducing cycle times and establishing a single source of truth for indirect procurement. This tool has streamlined communications and improved our decision-making processes, thereby contributing to a more effective procurement strategy.
Derek Schmidt
Manager
Corporate Procurement & Travel
INDUSTRY
Legal Services
Moving to Focal Point to manage our Firm’s Procurement orchestration has been a game changer for us. Our internal business partners have been impressed with the ease of engagement with Procurement and they particularly love the ability to see their requests progress through the process.
Stephan Hutter
Head of Vendor Management & Procurement
Lead Contracts Counsel
INDUSTRY
Industrial
As a customer of Focal Point , I’ve been consistently impressed by their exceptional flexibility and ability to adapt swiftly to our evolving needs. Their team exhibits a profound understanding of their expertise and procurement intricacies, ensuring seamless collaboration. Even without all the answers upfront, they proactively pursue innovative solutions, solidifying their role as a reliable and outstanding partner in our success.
Diego Reinoso Jaramillo
VP, Procurement Americas
$1.7B Delivered Savings and Counting
Discover the value your team can unlock with the right procurement tool. Try our RoI calculator to see potential savings and efficiency gains in seconds.
Requests
Triage incoming requests and automatically deploy processes.
- Set up automations and conditional logic for intake self-service and smart triage.
- Assign procurement tasks based on team capacity, vendor history, or timeline demands.
- Maintain all incoming requests in one place.
- Trigger task delegation based on skills, history, and capacity.
- Collaborate in Slack, Teams or in system.
- See status of requests in real time.
Say goodbye to…
- non-compliance and off-system workarounds.
- unmanageable tailspend.
- stakeholder dissatisfaction.
- complicated process documentation.
- emails.
Projects
Manage daily tactical procurement tasks through a strategic lens.
- Easily track task ownership and project progression.
- Find, manage, and report expected and realized benefits.
- Automate information requests and stakeholder updates.
- Set and report on goals and objectives.
- Collaborate in Slack, Teams or in system.
- Establish and maintain persistent procurement activity data.
Say goodbye to…
- manually tracking projects.
- hunting for no-longer-updated data.
- spreadsheets connected to other spreadsheets.
- projects that fall through the cracks.
- emails.
Suppliers
Use internal and external data for strategic vendor search and management.
- Manage supplier relationships in a single place.
- Make informed decisions with live data on spend information, contracts, current and past projects, and performance data.
- Align stakeholders to supplier decisions based on strategy and information.
- Use data to validate financial stability, manage risk, ESG reporting, and diversity status.
Say goodbye to…
- logging in to disparate information sources.
- preventable supplier risk.
- sacrificing bargaining power.
- missing out on multi-parameter reporting wins.
- emails.
Categories
Organize information into self-defined data structures for insights into behavior patterns.
- Define categories by goals, departments, supplier type, or any internal parameter.
- View any information at the category level, including suppliers, contracts, spend, payment behavior, and performance.
- Track and report on projects and stakeholders at a category level.
- Manage DEI and ESG spend as categories or additional filterable parameters.
- Filter suppliers via KPIs.
Say goodbye to…
- silo mentality between team and departments.
- rear-view mirror planning.
- inventing processes for corporate initiatives.
- annual reporting without clear baselines.
- emails.
Contracts
Gain control and visibility across the full contract lifecycle, from intake to renewal, and handle approvals with ease.
- Centralize contracts with metadata, document management, and approval workflows
- Track key dates, terms, ACV/TCV, and obligations with automated reminders
- Integrate seamlessly with procurement projects and savings tracking
- Surface risk factors early with visibility across supplier, contract, and spend data
- Enable teams to self-serve contract details without legal bottlenecks
Say goodbye to…
- Scattered contract versions across inboxes and folders
- Missed renewals and buried obligations
- Chasing signatures or approvals
- Manual data entry and tracking in spreadsheets
- Contracts being a mystery to anyone outside of legal
Get to know the toolbar
Tools
- Reports
- Users
- Opportunities
- Programs
- Goals
- Surveys
Reports
Filter, customize, and automate with real-time data.
Surveys
Quickly gather internal or external information at scale.
Users
Manage activity and permissions, while tracking resource utilization.
Opportunities
Flag and evaluate projects with competitive performance.
Programs
Define and monitor projects by categories or status.
Goals
Define, track, and report across any parameter at any point in time.