ProcureKey, an AI-powered strategic sourcing and bid management platform developed by Beyond Key, has won the Excellence in Strategic Sourcing Award at the India Procurement Summit & Awards 2026. The event was held at Radisson Blu Mumbai International Airport and organised by Synnex Group. It brought together more than 300 procurement professionals, category managers and supply chain leaders to discuss developments in sourcing, supplier management, procurement technology and artificial intelligence.
Abhinav Khare, Vice President of Enterprise Products, and Rishabh Jhawar, Associate Director, accepted the award on behalf of ProcureKey. The recognition highlights technology platforms that are helping organisations improve the way they conduct sourcing events and make supplier selection decisions.
While many companies have digitised purchase orders, invoices and requisitions through ERP systems, sourcing activities often continue to depend on emails, spreadsheets and manually maintained documents. This can make supplier comparisons difficult and limit the availability of structured data for future sourcing decisions.
ProcureKey has been developed to bring the sourcing process into a single digital workspace. The platform manages activities from requisition through award and supports RFI, RFP and RFQ creation, supplier onboarding, collaboration, sealed bidding, multi-envelope bidding, bid comparison, reverse auctions and supplier management. The platform is built on Microsoft 365 and SharePoint, allowing procurement teams to work within tools and systems they already use, including Outlook, Teams and document libraries. It can also connect with ERP and finance systems.
Piyush Goel, Founder and CEO of Beyond Key, said sourcing teams often lose time and value because of scattered documents and manual bid comparisons. “ProcureKey brings RFx management, competitive bidding and bid evaluation into one structured process. Procurement teams can work within their existing Microsoft 365 environment while keeping sourcing data inside their own organisation,” he said.
A key feature of the platform is that it is deployed within the customer’s Microsoft 365 tenant. Supplier submissions, bid information and commercial terms remain within the customer’s own environment, helping organisations maintain control over data and governance.
The platform also uses AI to assist sourcing teams. During preparation, it can help create RFx documents and scoring criteria. During bid evaluation, it can organise supplier responses, identify gaps and flag unusual information or deviations. However, procurement teams retain control over weightings, shortlists and final award decisions.
Abhinav Khare said successful digitisation depends on making technology easy for teams to adopt. “ProcureKey is designed around existing sourcing processes and the technology environment organisations already govern. Structured sourcing data can then help teams compare bids, identify deviations and reduce sourcing cycle time,” he said.
Founded in 2005, Beyond Key provides technology solutions across AI, cloud, data analytics, enterprise applications and workplace platforms. ProcureKey serves procurement teams across sectors including manufacturing, construction, healthcare, energy and utilities.
