VeriSource is an AI tool for government procurement, optimizing connectivity bids. It analyzes RFPs, evaluates vendors,& predicts risks. Secure, compliant, & fast—saves 80% time with human review.
VeriSource is purpose-built for government procurement. Upload your RFP and vendor bids, and our AI-driven platform delivers precise, objective analysis—fast. From requirement extraction to bid scoring, VeriSource ensures transparency, accountability, and compliance, empowering you to award contracts with confidence.
Key Features for Government Bidding
- RFP Analysis: Automatically parses complex RFPs, pulling out technical and compliance requirements—no manual slog required.
- Bid Evaluation: Scores bids objectively against RFP criteria, detailing strengths, weaknesses, and alignment with government standards.
- Gap Detection: Pinpoints discrepancies between RFP mandates and vendor proposals, safeguarding project success.
- Risk Prediction: Flags financial, resource, and timeline risks early—think high-stability concerns or low adherence probabilities.
- Sentiment Analysis: Assesses vendor confidence and commitment (e.g., 75% confidence, 60% commitment), revealing intent behind the words.
- Compliance Assurance: FISMA and FedRAMP certified, meeting stringent government security and procurement rules.
- Transparent Reporting: Animated dashboards and detailed reports ensure audit-ready transparency for stakeholders.
- Interactive AI Chatbot: Answers procurement questions instantly, pre-loaded with government bidding expertise.
- Gamified Engagement: Earn badges for milestones, keeping your team motivated and on track.
Revenue Streams:
Subscription fees for premium vendor accounts, and premium guidance template for users.
Licensing Veri-Source to agencies for internal use.
Transaction fees per bid submission (optional).
Nominal fee for uploading RFP.
Cost Structure: Platform hosting, development of Veri-Source, customer support.
Developed during a 24-hour Hackathon, focused on digital solutions for public sector efficiency. It has been Led by Chiragg136 (GitHub owner) with a small team of developers, UI/UX designers, and a procurement expert. Cleared Initial goal of creating a prototype for a government bidding portal integrated with a verification tool (VeriSource) to streamline RFP processes.