About the Project
Boonio is an AI-powered B2B procurement platform designed to change the way businesses find, evaluate, and work with service providers. It simplifies the Request for Proposal (RFP) process using smart AI to match vendors, create proposals, and handle secure escrow payments. By eliminating brand-name bias and promoting full transparency, Boonio helps organizations connect with the best global talent quickly, easily, and with full confidence.
Project Objectives
The core objective was to design a procurement automation platform that would make sourcing vendors faster, more equitable, and far more efficient. Boonio sought to shorten decision-making cycles, eliminate procedural inefficiencies, and provide service providers with a transparent, trustworthy environment for client engagement. At its heart, the platform aimed to leverage intelligent AI vendor matching to ensure the right connections between buyers and providers, driving higher-quality outcomes for both sides.
Problem Statement
Before Boonio, procurement was often bogged down by outdated methods. Businesses had to deal with long, manual RFP processes that were slow, expensive, and often biased toward well-known brands, making it hard to find the best value providers. Service providers, on the other hand, faced a lack of transparency and accountability, which hurt trust and limited chances for long-term partnerships. The market needed a digital procurement solution that could securely and efficiently connect qualified vendors with businesses worldwide.
Possible Solution
We began with comprehensive market research to uncover procurement pain points for both buyers and service providers. Leveraging Catalect’s expertise in AI-powered platforms, workflow automation, and escrow payment solutions, we engineered Boonio as a fully integrated solution that brings together intelligent AI vendor matching, automated proposal generation, and secure payment processing in a single, user-friendly interface.
The platform was built with clarity, speed, and trust at its core, allowing buyers and providers to collaborate smoothly while keeping everything transparent throughout the entire procurement process.
Conclusion
Boonio has reshaped procurement by combining AI-powered vendor matching, generative proposals, and secure escrow payment solutions into one transparent, all-in-one procurement automation platform. In just six months, the platform reduced decision-making time by 40 percent, facilitated over 1,000 business–provider connections, and increased overall usage by 50 percent. Our partnership with Boonio demonstrates how a purpose-built AI-powered B2B procurement platform can eliminate inefficiencies, foster trust, and transform digital procurement solutions for organizations worldwide.
