A founder pitch: losing deals because quotes are too slow

Transcript

What I like about your business is the focus. Doing only one thing. Yes, that's it. You have 60 seconds. What are you building? Those are suppliers of hardware and building material space. Receive a dozen of procurement emails, Debbie. And all these inquiries are very vague and very unstructured. An employee has to go through all of these vague inquiries, match it to the product catalogs and then build out a quotation. But by the time this has been done, competitor who's faster and more efficient has already caught the day. That is why we build SnapCode. SnapCode is an AI agent which sits in your company's inbox, reads all of the emails that are coming in, and instantly builds quotations and helps you close more deals. One of our clients in Dubai, we have them cut down their quotation making time from 60 minutes to 15 minutes, and which has increased their conversion rates by 5%. So SnapCode can remove all the manual quotation making process, so the sales team can focus on negotiating and closing more deals. You said some companies get a lot of quotes. Yeah, the quotes are for what? Okay, so let's say I'm a supplier, okay. All of my prospective clients, they have a range of suppliers, they take items from, right? They send us an RFU, which is a request for quotation, that these are the type of items I need. What are the items you supply and what is the cost that will incur if I buy these items from you? So they send a full quotation, so I have to send a full quotation to that particular prospective client. So that's prospective client is getting the particular quotation from a dozen of suppliers, and they go with the supplier who's probably the most cheapest. So you are doing quotation management? Cautation making process, yes. It's easier to scale because otherwise it's all over the place, too many things. You already have a customer. We have a customer we already entribe with the five more companies in Dubai. So actually my co-founder has a similar family business, so we know the problem in and out, and we also have an advisor from Tech Talk. So he's an engineer at Tech Talk, so he's looking at our whole tech process. Let's say if we have an employee who's actually making quotations, the average salary is around 3,000 dirums in Dubai, and he can only make so much quotations in a day. But our software can cost around 1,000 to 1,300 dirums a month, and you can use it as much as you want, and it can make as many quotations. No, I kind of like it. So I'll give you a yes. All right.

Transcribed automatically from the video, so small errors are possible.