Regula: Efficient AI Vendor Sourcing and Benchmarking Tool 🪦
Frequently Asked Questions about Regula
What is Regula?
Regula is a smart AI tool that helps businesses find and compare vendors for many services. It makes the work of researching vendors easier and faster. Businesses tell Regula what they need, how much they want to spend, and what important factors are. The AI then looks for over 20 vendors, makes qualification calls, and collects quotes. It compares these quotes and creates a detailed report with the top three vendor choices. This helps companies make good decisions without spending a lot of time on manual research and calls.
Regula works in many areas like marketing, legal, HR, and more. It is useful for operations managers, procurement specialists, business leaders, and startup founders. The tool saves time by doing repetitive tasks and provides data-driven, fair suggestions. It also allows users to set custom questions and evaluation rules to meet their specific needs.
The process usually takes 3-5 days from start to finish, providing quick results for busy teams. Regula is secure and uses data safety rules and NDAs to protect private information. Currently, the service is free for the first 50 users at launch, which is ideal for early adopters.
Key features include autonomous calls, data standardization, quote benchmarking, reference checks, detailed recommendation reports, sourcing from multiple categories, and evaluation frameworks. These features help streamline vendor sourcing, pricing comparison, and procurement decision processes.
Regula replaces manual tasks like researching vendors through search engines, making phone calls, creating spreadsheets, and conducting evaluation meetings. It combines AI technology and automation to offer a more objective and faster approach, reducing human bias and error.
Use this tool by simply describing your needs, setting your budget, and specifying criteria. Regula’s AI system will do the rest, identifying vendors, contacting them, collecting quotes, and providing a clear recommendation report. This makes vendor sourcing easier, faster, and more reliable, especially for small teams and startups.
Key Features:
- Autonomous Calls
- Data Standardization
- Quote Benchmarking
- Reference Checks
- Recommendation Reports
- Multi-Category Sourcing
- Evaluation Frameworks
Who should be using Regula?
AI Tools such as Regula is most suitable for Operations Managers, Business Leaders, Procurement Specialists, Entrepreneurs & Startup Founders.
What type of AI Tool Regula is categorised as?
What AI Can Do Today categorised Regula under:
- General AI Tools
How can Regula AI Tool help me?
This AI tool is mainly made to vendor sourcing and benchmarking. Also, Regula can handle identify vendors, conduct qualification calls, gather quotes, analyze data & generate reports for you.
What Regula can do for you:
- Identify vendors
- Conduct qualification calls
- Gather quotes
- Analyze data
- Generate reports
Common Use Cases for Regula
- Automate vendor research to save time
- Benchmark pricing for fair comparison
- Conduct qualification calls with vendors
- Generate vendor recommendation reports
- Standardize procurement evaluation
How to Use Regula
Tell Regula your business needs, specify your budget and criteria, and the AI sourcing system will identify vendors, contact them, collect quotes, and generate a recommendation report.
What Regula Replaces
Regula modernizes and automates traditional processes:
- Manual vendor research
- Phone-based vendor qualification calls
- Pricing comparison spreadsheets
- Vendor evaluation meetings
- Contract negotiations without benchmarking
Regula Pricing
Regula offers flexible pricing plans:
- First 50 Customers (Launch Price): $0
Additional FAQs
What types of services can Regula help with?
Regula can help with a wide range of services including marketing, software, legal, HR, and other business services.
How is Regula different from using a consultant?
Regula automates and standardizes the vendor sourcing process using AI, saving time and providing data-driven recommendations, unlike traditional consultants who may be more manual and subjective.
How does Regula handle complex requirements?
Regula allows users to define custom evaluation criteria, and its AI system sources and benchmarks vendors based on these specific needs.
What if I don't like Regula's recommendations?
You can review the detailed reports and benchmarks, and the system provides the top three vendor options to choose from, but you are not obligated to select any.
How long does the process take?
The typical turnaround is 3-5 days from defining your need to receiving the recommendation report.
Is my company information kept confidential?
Yes, Regula implements data security protocols and NDAs to protect your confidential business information.
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