Frequently Asked Questions
- What is Trafasa and how does its procurement ecosystem work?
- Trafasa is an AI-native B2B procurement ecosystem that streamlines the entire procure-to-pay process. It includes Trafasa Source which is a procurement management software. Trafasa Exchange is a B2B marketplace, Trafasa Circle is for vendor discovery and Trafasa Bid for conducting live auctions.
- How does Trafasa's four-way matching benefit buyers?
- Trafasa's four-way matching benefits buyers by ensuring accurate payments are processed quickly and confidently. The system automatically verifies the Purchase Order, Goods Receipt Note, Inspection results and Supplier Invoice, identifying any discrepancies in quantity or value. This automation allows finance teams to avoid manual reconciliation and maintain a clear audit trail for all payments made.
- How does Trafasa Circle help me manage and verify vendors?
- Trafasa Circle is a verified vendor network. Upon onboarding, suppliers receive a trust badge and a vendor management profile, reducing the need for re-verification. The platform automates processes like digital PO generation, goods receipt, inspection and four-way invoice matching, allowing vendor management to function independently and save time for your team.
- What types of auctions does Trafasa Bid support for competitive procurement?
- Trafasa Bid supports Reverse, Dutch, Traffic Light and multi-factor auctions with floor-price automation, letting buyers run live competitive bidding for bulk purchases instead of manual RFQ negotiations, helping procurement teams secure better market pricing while keeping the process transparent for all vendors involved.
- Is Trafasa secure and compliant for enterprise procurement data?
- Yes. Trafasa uses AES-256 encryption at rest and TLS 1.3 in transit, 2FA with role based access control and is built to align with India's DPDP Act, GDPR, and SOC 2 standards, with Aadhaar eSign support for legally compliant contracts.
