iProcure vs Keelvar
Keelvar stops at the award. iProcure runs to the paid invoice.
Keelvar is a best-of-breed sourcing layer with award optimisation and autonomous sourcing agents, and it hands the award to SAP Ariba, Coupa or the ERP. iProcure is one modular source-to-pay product, from purchase request to paid invoice, for teams who will not buy and integrate three tools.
Last reviewed , from public sources.
What Keelvar is, in their own framing
Keelvar describes itself as sourcing optimisation and autonomous sourcing for large global enterprises. Its optimiser models award scenarios across price, risk, capacity and contract terms, its Kai agents run spot and tail-spend requests, and a Rate Manager watches rate cards. It sits on top of SAP Ariba, Coupa, the ERP or the TMS, with no rip and replace.
Side by side
Where each product starts and stops
| Keelvar | iProcure | |
|---|---|---|
| Focus | Sourcing / optimisation | The whole span, source-to-pay |
| Stops at | The award, handed to Ariba, Coupa or the ERP | The paid invoice |
| RFx and auctions | RFIs, RFQs and multi-round bidding with feedback; bid sheets with thousands of lines; several auction formats | RFI, RFP and RFQ events (live); reverse auctions (demo) |
| Award optimisation and autonomous sourcing | Core product: scenario optimisation under constraints, expressive bids, Kai agents from request to award | Not shipped. Weighted scoring (live) and price ranking (demo) |
| Evaluator workspace | Not shown | Independent scoring + consensus, prices sealed until technical sign-off (demo) |
| Approvals | Human approval step at any stage of an event | Decide from the email with a one-time link, no portal login (live) |
| Contracts, POs and invoices | Not covered; the award exports to the suite or ERP | Contracts, purchase orders and three-way match in the same record (demo) |
| Regions and deployment | Cloud on AWS; SAML SSO; GDPR and CCPA | Data region in India, the EU, the USA or South Korea; single-tenant or on-premises option; single sign-on (live) |
| Pricing | No public pricing | Modular: pay for the modules you switch on, start with two; figures shared on a call |
| Buy pattern | + Ariba/Coupa + a CLM | One product |
Credit where due
Where Keelvar leads
- Award optimisation that models award combinations no one can work out in Excel, with constraints written in plain language.
- Autonomous sourcing: Kai agents take spot and tail-spend requests from intake to an award recommendation.
- Expressive bidding and very large events: conditional discounts, bundles, thousands of lines, hundreds of suppliers.
- Freight and logistics tenders by lane, with live market indices from Xeneta and FreightWaves SONAR.
- Live in days next to SAP Ariba or Coupa, with their team running your first events and published customer results.
Our edge
Where iProcure leads
- One product from purchase request to paid invoice: intake, RFx, award, contract, PO and invoice in one record, one login.
- An evaluator workspace: everyone scores their own sections independently, then a consensus view shows the spread (demo).
- Leaders decide from the email on a phone with a one-time link, no portal login. This is live today.
- Supplier-blind by rule: suppliers never learn who else was invited, and restricted events are hidden even from admins.
- Buy two modules or nine, with region packs for India, Europe, the USA and South Korea.
Honesty rule
What we don't claim
- Award optimisation or a scenario solver. Not shipped.
- Autonomous sourcing. Our AI works inside the step, citing the supplier's words; a human accepts or overrides; it never awards or signs.
- A rate hub that triggers re-sourcing when a rate expires or drifts.
- Published customer savings. We are pre-launch and quote no customer results.
Which to pick
An honest recommendation
Pick Keelvar when
Pick Keelvar when you are a large global enterprise already running SAP Ariba or Coupa, and your value sits in complex, high-volume events: lane-based freight tenders, direct materials with hundreds of suppliers, or tail spend you want agents to run without a buyer. Keelvar itself says it is not a fit for small teams running a handful of events a year.
Pick iProcure when
Pick iProcure when you run everyday RFx events with several evaluators, want the award to flow into the contract, PO and invoice without retyping, and will not buy and integrate a sourcing tool, a CLM and a suite. It suits teams of 200 to 10,000 people who want to start with two modules.
FAQ
iProcure vs Keelvar: questions
Is iProcure a Keelvar alternative?
Does iProcure do award optimisation like Keelvar?
What happens after the award in Keelvar and in iProcure?
How is iProcure priced compared with Keelvar?
Can a smaller procurement team use Keelvar or iProcure?
Next step
See it live in 10 minutes.
Pick your region and the two modules that hurt most. We run your own category through the RFx spine on sample data. No access, no commitment, no build decision required.
- Supplier-blind RFx
- Independent evaluation
- Approvals from email
- Global & modular
Design partner's seat
Pre-launch and honest about it: you get the mechanism now. Design partners get a free 60 to 90 day pilot, a preferential launch price, roadmap input and a direct line to the founders.