MavenVista Wins Best AI-Powered Procurement Intelligence Platform at the 17th Procurement Excellence Summit & Awards 2026

An Immersive AI Experience. Six Live AI Avatars. Two RPAs. One Clear Message: AI That Works Inside Your Procurement Workflow.

At the 17th Edition of the Procurement Excellence Summit & Awards 2026, organised by UBS Forums in Mumbai, MavenVista Technologies did not just participate — we proved something the industry has been waiting to see.

While most exhibitors talked about AI, we demonstrated it — live, on a 43-inch touchscreen, in front of procurement leaders from over 170 companies across manufacturing, pharmaceuticals, chemicals, FMCG, steel, and infrastructure.

And we walked away with the Best AI-Powered Procurement Intelligence Platform award.

The Immersive AI Experience: Not a Slideshow — A Live Demonstration

Every visitor to our booth interacted directly with VENDX Genie — our AI ecosystem of six specialised AI Avatars and two Robotic Process Automations, built for the way procurement actually works in Indian manufacturing.

This was not a video. Not a mockup. Not a “coming soon” pitch.

Procurement leaders queried live data, watched AI respond in real time, and experienced firsthand what it means when AI is embedded inside the procurement workflow — not bolted on top of it.

Six AI Avatars. Each Built for a Distinct Procurement Function.

Two RPAs. Automating What Should Never Be Manual.

Auto RFQ generates and floats RFQs automatically based on configurable rules — material, value, plant, quantity — eliminating hours of repetitive work for purchase managers, especially for tail spend and routine buys.

Hint / Auto Negotiation uses AI-driven signals from historical data to pre-negotiate with vendors or recommend negotiation strategies before a buyer even opens the conversation.

Why This Mattered to the Room

The procurement leaders who visited our booth were not looking for another dashboard or another vendor portal. They had seen those. Many of them already use ERPs worth crores.

What stopped them at our stall was something different: AI that is not generic.

VENDX Genie is built on 25 years of domain intelligence from working exclusively with Indian manufacturing procurement. It understands the difference between a reverse auction for commodity chemicals and a technical bid evaluation for Cap-Ex equipment. It knows what a purchase manager at a 60-plant cement company needs versus what a CPO at a mid-sized pharma company is looking for.

That depth cannot be replicated by wrapping a language model around a procurement database.

Our philosophy is clear — AI handles the repetitive, the complicated, and the tasks machines do better. Humans stay where they belong: in strategic decision-making, relationship building, and vendor development. VENDX Genie does not replace the buyer. It makes the buyer faster, sharper, and better informed. — Suhrid Shah, CEO & Founder, MavenVista Technologies

The Response

Over 70 companies engaged with our booth. More than 40 expressed strong interest in taking the conversation forward. Senior procurement leaders from organisations across pharmaceuticals, steel, cement, chemicals, FMCG, automotive, and infrastructure experienced the AI demo and asked a question we have been waiting two decades to hear:

“When can we see this on our data?”

That is the difference between AI as a buzzword and AI that works.

What Comes Next

This award validates what we have been building — not just a procurement platform, but a System of Decision powered by domain-intelligent AI. As we continue to deepen VENDX Genie’s capabilities and expand our AI ecosystem, the summit reinforced our conviction: the future of procurement technology is not about more data. It is about better decisions, made faster, with AI that understands the context.

We thank UBS Forums for the platform, the jury for the recognition, and the procurement community for the energy and engagement that made this event extraordinary.