NatQuest is proud to announce its participation in the prestigious Glasgow City Innovation District (GCID) Venture Studio as part of the ‘Creative AI for Industry’ programme. This initiative, in collaboration with Scottish Enterprise, provides funding and support to AI-driven companies, helping them develop innovative solutions that bridge the gap between industry needs and market readiness.
As a leading supply chain technology company, NatQuest is leveraging this opportunity to advance its OpenTender.AI project, an AI-powered platform set to redefine procurement and tendering processes globally.
Revolutionising Procurement with OpenTender.AI
Procurement and tendering are often complex, time-consuming, and hindered by inefficiencies in supplier selection and contract management. OpenTender.AI aims to transform this landscape by using AI to:
- Automate bid preparation and evaluation
- Enhance supplier matchmaking
- Improve transparency and compliance
- Reduce time-to-contract and procurement costs
“Our vision is to revolutionise procurement by making tendering seamless, intelligent, and more inclusive,” said Dr Salisu Uba, CEO of NatQuest. “Through OpenTender.AI, we will enable businesses and public sector organisations to make smarter, data-driven procurement decisions, ultimately fostering efficiency and cost savings.”
AI Innovation Driving the Future of Procurement
NatQuest’s inclusion in the GCID Venture Studio reinforces its role as a key innovator in procurement technology. Ali Alsayegh, Head of AI, Innovation, and Research at NatQuest, highlighted the importance of AI in procurement transformation:
“Procurement processes often suffer from a lack of efficiency, transparency, and accessibility. With OpenTender.AI, we are building an AI-driven ecosystem that simplifies and streamlines procurement operations while ensuring optimal supplier selection based on real-time data.”
About NatQuest
NatQuest’s SCM Genius Network has already established itself as a leader in on-demand procurement and supply chain expertise. OpenTender.AI will integrate seamlessly with the SCM Genius Platform, ensuring businesses have access to AI-powered procurement alongside a global network of supply chain professionals.
Looking Ahead
With the support of GCID and Scottish Enterprise, NatQuest is set to accelerate the development of OpenTender.AI, delivering a pioneering solution that will redefine procurement strategies across industries.
“This is just the beginning,” Dr Uba concluded. “We are committed to leading AI-driven procurement innovation and shaping the future of supply chain management.”Read the presss release – https://www.glasgowcityinnovationdistrict.com/newsmore/districtnews/aicohortannouncement/
