Kontractify

Hey everyone! We’re Justin, Anand, and Aidan – childhood friends and co-founders of Kontractify.

TL;DR Kontractify uses LLMs to help enterprises run RFPs. We generate questions, manage workflows, evaluate proposals, and facilitate reverse auctions.

🧨 The Problem

Enterprises buy large amounts of goods and services through RFPs—competitive bid processes where they invite multiple sellers/service providers to participate. These buyers launch RFPs on extremely outdated platforms, often costing hundreds of thousands of dollars, and have UI/UX stuck in the ‘90s.

Buyers get so frustrated with these tools that they ignore using them altogether and revert to Excel spreadsheets and emails. Wasted time, frustration, information loss, and lack of user participation are common.

On the other side, sellers who receive RFP notifications hate filling out responses on these platforms, leading many to not participate.

🎉 Our Solution

Kontractify provides a painless experience for enterprise buying teams to run and collaborate on RFPs, using LLMs to speed up particularly tedious processes. Buyers can build, launch, and manage all seller communications through the platform.

For Buyers:

• ⚙️ Simple workflow and question builders help buyers painlessly curate events
• ✍️ Tedious activities like writing question lists are automated away with the help of LLMs
• 📣 Advanced eBidding events such as Reverse Auctions can be easily launched, allowing for greater savings

For Sellers:

• 📫 RFP questions can be responded to directly by email and LLMs assist in converting the unstructured text into a templated response

⭐️ Consumer-grade UI and LLMs greatly improve velocity for both buyers and sellers. Buyers can develop new supplier relationships, run more events, and save more money. Sellers can quickly respond to RFPs and focus on their next sale.

Team

We’ve been friends for 18 years and have deep engineering and ops experience at companies like Palantir, Datadog, Affirm, and Nextdoor.

Ask

• Intro us to sourcing or procurement professionals! Drop us a line at aidan@kontractify.com.
• If you run RFPs, we’d love to schedule a demo with you here!