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Procurpal February 2, 2026 No Comments

Founder Talk: Mr. Vikas Chadda of ProcUrPal in Conversation with Radhika Bansal

Radhika: Welcome, Mr. Chadda. It’s a pleasure to have you here today. Let’s start with what inspired you to start ProcUrPal, and can you share the story behind its inception? Vikas Chadda: Thank you for having me. The inspiration for ProcUrPal stemmed from my extensive experience in the IT infrastructure and SaaS industries, working with global organizations like Lenovo, Xerox, Sify, and Reliance. Throughout my career, particularly during my stints managing Government/Public Sector, Global, and Enterprise customers, I had the privilege of handling large, complex RFPs and eAuctions. These experiences revealed a critical need for a more streamlined, transparent approach to procurement processes. We aimed to bridge the gaps I observed during my time in these industries and offer a platform that drives true value for our clients. Equally significant was the expertise brought in by Subramanya Nagaraj, who has three decades of experience in the procurement domain. Together, we saw an opportunity to harness AI and advanced analytics to create a solution that could transform procurement, making it more efficient, transparent, and cost-effective. This vision led to the birth of ProcUrPal. Our goal was to revolutionize procurement through innovative technology, addressing the pain points that we had witnessed firsthand and creating a platform that adds substantial value to businesses by optimizing their procurement processes. Thus, ProcUrPal was born, driven by a vision to revolutionize procurement through innovative technology. Radhika: ProcUrPal has recently received significant recognition, including the ‘Innovative Leaders of The Year 2024 Award’ by Business Connect Magazine and the ‘Best Use of AI in Procurement & SaaS’ award at the India AI Summit. Can you share what these accolades mean for your company and how they reflect ProcUrPal’s approach to innovation in the procurement space? Vikas Chadda: These accolades are incredibly meaningful for us at ProcUrPal. Being named ‘Innovative Leaders of The Year 2024’ by Business Connect Magazine and receiving the ‘Best Use of AI in Procurement & SaaS’ at the Elets India AI Summit is both humbling and motivating. These awards reflect our relentless commitment to pushing the boundaries of what’s possible in procurement. At ProcUrPal, we believe that innovation isn’t just about adopting the latest technologies—it’s about understanding the challenges our customers face and finding creative, effective solutions that make a real impact.   Radhika: What sets ProcUrPal apart from other procurement solutions, and how do you ensure it consistently adds value to your clients? Vikas Chadda: ProcUrPal stands out due to several key factors. First and foremost, we are proudly made in India for the world. This means we deeply understand the complexities and nuances of Indian businesses, which gives us a unique edge. Unlike many global ERP players who often struggle to adapt to the diverse and intricate requirements of Indian enterprises, we have designed ProcUrPal to seamlessly address these challenges. Our platform leverages AI and advanced analytics to automate procurement processes and provide actionable insights. This AI-driven approach not only streamlines operations but also helps in making data-driven decisions, significantly enhancing efficiency and transparency. Furthermore, ProcUrPal integrates effortlessly with existing systems, ensuring a smooth transition for our clients. We are committed to continuous improvement, driven by regular customer feedback, which allows us to stay ahead of the curve and consistently add value. Radhika: What were some significant challenges you faced while establishing ProcUrPal, and could you share a moment that made you realize the impact of your platform? Vikas Chadda: Leaving a secure corporate job to start my own venture was a significant leap of faith. The journey of establishing ProcUrPal came with its fair share of challenges, starting from the ground up. The first step was validating the idea—ensuring that our solution addressed a real pain point in the procurement industry. This involved extensive market research and countless discussions with potential users / CPOs to refine our concept. Once we validated the idea, the next challenge was achieving product-market fit. We had to ensure that our platform met the specific needs of our target audience, which required iterative development and feedback loops. Developing a robust product required meticulous planning and execution, ensuring that our platform was scalable, secure, and user-friendly. As a bootstrapped organization, managing funds for continuous development was particularly challenging. We had to be very strategic and efficient with our resources to keep the momentum going. Radhika: What trends do you foresee in the procurement industry, and what is your vision for ProcUrPal in the next five to ten years? Vikas Chadda: The procurement industry is rapidly evolving, with a strong emphasis on digital transformation and sustainability. I foresee increased adoption of AI to enhance efficiency and transparency. Supplier diversity and ethical sourcing will also become more prominent. For ProcUrPal, our vision is to be at the forefront of these trends, continuously innovating to meet the changing needs of our clients. In the next five to ten years, I see ProcUrPal expanding its global footprint, offering comprehensive procurement solutions that drive sustainable value for businesses worldwide. Radhika: As ProcUrPal expands its global footprint, how do you plan to offer comprehensive procurement solutions that drive sustainable value for businesses worldwide? Vikas Chadda: Expanding ProcUrPal’s global footprint is an exciting and strategic phase for us. Our approach to offering comprehensive procurement solutions that drive sustainable value for businesses worldwide involves several key initiatives. Firstly, we are committed to localizing our platform to meet the specific needs and regulatory requirements of different regions. This means adapting our solutions to address the unique challenges and opportunities present in various markets. By understanding local business practices and regulatory environments, we can provide more relevant and effective procurement solutions. Secondly, we leverage our AI and analytics capabilities to offer tailored insights and recommendations that drive efficiency and cost savings. Our platform’s ability to analyze vast amounts of data and generate actionable insights helps businesses make informed procurement decisions, reduce waste, and optimize their supply chains. Sustainability is at the core of our strategy. We are incorporating features that promote ethical sourcing and supplier diversity, as well as tools to help businesses measure and reduce their carbon footprint.

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Procurpal January 12, 2026 No Comments

From PO to Payment: How ProcUrPal’s Intelligent P2P Suite Transforms Procurement

From PO to Payment: How ProcUrPal’s Intelligent P2P Suite Transforms Procurement Procurement today is no longer about just placing orders and processing invoices. It is about control, visibility, compliance, and speed—all working together across the entire lifecycle. This is exactly where ProcUrPal’s intelligent Procure-to-Pay (P2P) suite sets a new benchmark. By tightly integrating PO creation, ASN/SCN, GRN/SRN, and 3-way invoice matching, ProcUrPal ensures every transaction is traceable, auditable, and optimized—end to end. Intelligent Purchase Order Creation, Built for Control ProcUrPal generates Purchase Orders directly from awarded sourcing events or contracts. But this is not just PO creation—it’s governed procurement. Every PO benefits from: Structured drafting with standardized templates Multi-level approval workflows aligned to company policy Version control to track changes over time A complete audit log for compliance and accountability This ensures that every commitment made to a supplier is accurate, approved, and fully traceable. Supplier-Driven ASN & SCN: Proactive, Not Reactive One of the biggest gaps in traditional procurement is late or missing shipment and service visibility. ProcUrPal solves this by enabling supplier-driven Advance Shipment Notices (ASN) and Service Commencement Notices (SCN). Suppliers can raise ASN/SCN directly from accepted Purchase Orders, allowing buyers to: Track inbound goods and services before arrival Plan warehouse and service readiness Reduce follow-ups, delays, and manual coordination This proactive approach strengthens supplier collaboration while giving procurement teams early operational insight. Accurate GRN & SRN with Visual Proof During Goods Receipt Note (GRN) or Service Receipt Note (SRN) processing, ProcUrPal ensures accuracy and accountability at the point of receipt. If an item is rejected: A clear image of the defect can be attached directly to the GRN The evidence becomes part of the transaction record Disputes are reduced with objective, time-stamped proof This creates transparency for both buyers and suppliers, protecting budgets and relationships. Powerful 3-Way Matching: PO × GRN/SRN × Invoice At the heart of ProcUrPal’s P2P suite is intelligent 3-way matching. Invoices—whether uploaded by suppliers, received via email, or integrated through e-Invoice systems—are automatically matched against: Purchase Order details GRN or SRN quantities and values The system performs a line-by-line comparison, validating: Quantity variances Price deviations Tax and total mismatches Only compliant invoices move forward, dramatically reducing overpayments, errors, and manual checks. Flexible Invoice Submission & Structured Approvals Suppliers can submit invoices through multiple channels, including email-based invoice intake, ensuring ease of adoption. Once received: Invoices follow a structured approval flow Exceptions are clearly flagged Approvers see complete context—PO, ASN/SCN, GRN/SRN, and invoice—on a single screen This accelerates approvals while maintaining strict financial controls. True End-to-End P2P Traceability ProcUrPal delivers complete procurement-to-pay traceability, connecting every step in a single, auditable chain: PO → ASN/SCN → GRN/SRN → Invoice → Approval This level of visibility enables: Audit-ready records at all times Faster dispute resolution Improved delivery and service monitoring Stronger budget and cash-flow control Procurement teams move from reactive firefighting to confident, data-driven decision-making. The Future of P2P Is Intelligent, Integrated, and Transparent With ProcUrPal’s AI-powered P2P suite, organizations don’t just process transactions—they orchestrate procurement with precision. From supplier collaboration to invoice accuracy, from compliance to control, ProcUrPal transforms P2P into a strategic advantage—one transaction at a time. If procurement is the backbone of enterprise operations, ProcUrPal ensures it is strong, intelligent, and future-ready.

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Procurpal July 29, 2025 No Comments

From Corporate Corridors to Bharat’s Procurement Powerhouse: How One Man’s Vision Built an 9.5-Lakh Supplier AI SaaS Giant

In a proud moment for the entire ProcUrPal team, the company has been conferred with the ‘Award of Innovation’ at UDDIPAN — A National MSME Summit & Leadership Conclave, organized in collaboration with leading academic and industry partners. This recognition highlights ProcUrPal’s commitment to transforming the procurement landscape through its AI-driven, Made-in-India eProcurement SaaS platform, built to serve the unique needs of Indian businesses. With over 9.5 lakh+ suppliers onboarded, ProcUrPal is fast emerging as the trusted procurement partner for MSMEs, enterprises, and government buyers alike Procurpal is a pioneering venture conceptualized by Vikas Chadda, a tech industry veteran-turned-entrepreneur and a mentor to over 200+ student-led startups at prestigious institutions like IITs, IIMs, and BITS-Pilani. Vikas Chadda has taken a bold leap into the startup world, leaving behind a distinguished corporate journey while carrying forward decades of expertise and leadership. What he has built could very well position India as a formidable contender to China and the USA in the domain of AI-driven eProcurement. Transforming Challenges into Opportunities: A Corporate Leader’s Mission With over 25 years of distinguished experience in technology development, and sales leadership at renowned organizations such as Lenovo and Reliance, he observed firsthand the challenges faced by Indian enterprises due to outdated and inefficient procurement systems. This insight inspired a commitment to drive transformation and innovation in the procurement landscape. “The existing systems were either painfully manual or too expensive for smaller Indian companies. And none of them leveraged Artificial Intelligence in a way that made procurement smarter,” shares Vikas Chadda, the founder & CEO of ProcUrPal, during an exclusive interview with Starupedia. And thus, ProcUrPal was founded in December 2023 — a proudly Made-in-Bharat, AI-driven SaaS platform engineered to empower businesses by streamlining procurement processes, simplifying supplier selection, and automating RFx management, all with a focus on cost-efficiency and operational excellence. The Challenging Early Days: Vikas Chadda’s transition from a distinguished corporate leadership career to the dynamic and often unpredictable startup ecosystem was marked by significant challenges and learning curves. Despite his extensive experience in leading global technology and procurement operations, entering the entrepreneurial space required adapting to an entirely different pace, mindset, and resource environment. In its formative phase, ProcUrPal operated as a fully bootstrapped venture, relying solely on internal resources for nearly a year — until it recently secured its first round of external funding, marking a significant milestone in its growth journey. He embraced the challenges head-on, adapting quickly to a resource-constrained, fast-paced environment. As a tech entrepreneur, he donned multiple roles — CEO, product strategist, operations lead, and salesperson. This hands-on approach laid the groundwork for ProcUrPal’s agile growth and customer-centric innovation. Simultaneously, his parallel venture, Brandblaze Digital, played a pivotal role in shaping ProcUrPal’s go-to-market strategy and marketing execution, providing the early momentum needed to enter the market effectively. Through my experience, I knew that the pain points I had experienced were not mine alone. A large segment of the Indian SME were in the same boat, and I had to do something about it,” Vikas shares with Startup Pedia. With insights from over 100 procurement veterans, Vikas Chadda built ProcUrPal to address real-world procurement challenges. From ensuring product-market fit to decoding complex workflows, every step was shaped by industry expertise. ProcUrPal stands today as a purpose-built platform to eliminate inefficiencies and modernize enterprise procurement. Backed by nearly a year of focused R&D, the platform went live in February 2025 — and within just two months, it’s already reshaping how enterprises approach procurement, making a tangible impact across the eProcurement landscape. ProcUrPal in Detail: So what exactly does ProcUrPal do? ProcUrPal is a next-generation procurement SaaS platform that leverages AI and automation across the entire sourcing journey — from RFPs and RFIs to complex e-auctions. It streamlines processes, enhances transparency, and empowers data-driven decision-making. The result: significant cost savings, optimized supplier management, and improved procurement efficiency. Its two key service modules — RFx Management and eAuction — are designed to make enterprise procurement efficient, transparent, and accessible. > RFx Module: With its RFx module, buyers input their requirements via an intake form. ProcUrPal’s AI and category managers then coordinate supplier responses and evaluate bids based on compliance, pricing, and performance metrics. “ProcUrPal’s AI can cut down the RFx process time by over 50%. That’s not just efficiency; that’s a competitive edge. Our clients are seeing up to 20% project cost savings on average,” explains Vikas. > The eAuction module: It introduces real-time competitive bidding through forward and reverse auctions, complete with AI-selected optimal bids and smart dashboards. Whether you’re a legacy giant or a young startup, ProcUrPal’s flexible pricing models — subscription, event-based, and spend-based — make enterprise-grade tools available without breaking the bank. >> Subscription-Based Model: Ideal for mid-sized and large enterprises with frequent procurement needs. Clients pay a monthly or annual fee for unlimited access to the full suite of tools. >> Event-Based Model: Designed for occasional procurement users — companies that float only a few RFPs annually. >> Spend-Based Model: This usage-based model charges a percentage of the total transaction value, making it perfect for businesses with fluctuating procurement volumes. “Affordability has been our core design principle. Unlike global SaaS platforms that demand heavy subscriptions upfront, we wanted pricing that reflects usage and value delivered,” says Vikas. What truly sets ProcUrPal apart is not merely its intuitive interface or customizable workflows, but the deep local market understanding embedded into its very architecture. This localization ensures relevance, adaptability, and real impact for Indian enterprises navigating complex procurement landscapes Global ERPs struggle with Indian compliance and regional workflows. Vikas built ProcUrPal with these intricacies in mind. And this homegrown strength is paying off. Already, over 10 Indian businesses from sectors like retail, FMCG, logistics, and manufacturing have adopted the platform. These clients have successfully simplified sourcing events and improved supplier visibility — all while working within existing systems. On the supplier side, the numbers are just as impressive. ProcUrPal has onboarded over 9 lakh vendors, creating one of India’s most powerful supplier ecosystems for online procurement. ProcUrPal has

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