Procurement Software Buyer's Guide
By Hunter Lowe, Team Lead Editor and Market Analyst
The Best Procurement Software Makes Purchasing and Organization Simple
Everyone knows that time is money. An afternoon spent on tedious, time-wasting tasks is equivalent to throwing cash out of the window. Procurement software is a valuable time-saving solution meant to keep resource waste at a minimum.
The procurement process is full of clerical duties that can keep valuable employee time from being adequately maximized. Having a procurement system in place is critical for efficient, consistent support of the B2B purchasing value chain - especially considering the rise of digitalization.
At a minimum, procurement management software is a time-saver. Each situation calls for its own solution, however, so take some time to consider what you are looking to accomplish. By the time you have finished this guide, you should have enough knowledge to begin pursuing your procurement system!
- Boost productivity and move away from time-consuming duties with software.
- Procurement software boosts organization and speeds up direct and indirect spend tasks.
- Procure systems provides helpful core features as well as more advanced features for complex operations.
- Asking vendors questions will help you decide on a final product. Check out some examples in this guide.
What is Procurement Software?
In a nutshell, procurement management software handles supply chain tasks related to the central management of purchasing, sourcing, vendors and suppliers, invoicing, maintaining optimal inventory amounts and more. Like many supply chain focused solutions, the features present in these platforms can vary. Software that encompass all processes are more commonly referred to as “procure-to-pay” solutions.
Improving communication is another key piece of procurement systems. Running smooth and optimized processes requires clear lines of communication between stakeholders like vendors, suppliers, procurement officers and more. They also leverage automation to cut down on time-intensive tasks that can bog down valuable employees.
Finding the best value for materials, improving purchasing cycles and ensuring that purchase orders are optimized for increased revenue all within the capabilities of a procure system.
Most software today falls within two camps - cloud-based or on-premise solutions. The market has seen a massive influx of cloud-based procure systems due to the many advantages they confer. However, on-premise platforms do have a few advantages that help keep them relevant. Here is a quick breakdown of some pros and cons of these two deployment strategies:
Like most supply chain based industries, procurement teams have been moving their platforms to the cloud in large numbers, and here’s why:
- Cost Effectiveness: Cloud-based software usually offers SaaS subscription models for pricing as opposed to the large, upfront investment required for an on-premise procure system. Low monthly payments also open the door for smaller businesses who are unable to drop large amounts on integrating software.
- Increased Collaboration: Software hosted in the cloud opens up communication between departments regardless of geographical location. Mobility is a game changer - mobile apps ensure that important approvals don’t have to wait for someone to be in the office to sign off on them.
- Flexible and Scalable: While customizing the nuts and bolts of a cloud-based platform isn’t a readily available feature, businesses can integrate their procurement systems with other tools to optimize their workflows. As a business grows they can contact their provider to adjust database and transaction volume changes to suit the needs of the business as it expands its market reach.
- Better Performance: Cloud-based platforms leverage the resources of their hosting providers to handle spikes in traffic. Instead of having to manually upgrade an in-house solutions for busy times of the year, you can increase your usage as needed and scale down afterward.
It’s easy to see why the cloud and procurement go hand in hand. However, those looking to exert total control over their systems should look to an on-premise platform.
Even though on-premise deployments are falling in popularity, they have some advantages worth mentioning:
- Customization: When it comes to fine-tuning software from top to bottom nothing beats an in-house platform. Since everything is contained within the actual physical business, the solution can be built to meet the specific requirements of a business.
- Security: Housing your solutions within your business ensures that they are safe from outside attacks. Being able to walk across the building and physically look at your network is comforting in the world of software security.
It’s worth mentioning that cloud-based systems aren’t exactly wide open to attack. Providers are always on the lookout for ways to update and patch their security networks to protect their users’ solutions.
A Single Source of Truth
Procurement systems built as a single source of truth ensure that there are no data discrepancies across all processes and workflows. Instead of piecemeal modules, a single source of truth takes all disparate procurement and sourcing information and disseminates them across the platform.
Improved Inventory Control
Up to date inventory information and demand preparation are critical to smooth processes. Integrating a procurement tool frees you from pen-and-paper inventory organization, automates reordering and provides real-time stock level notifications.
Increased Spend Visibility
Procurement systems usually come stocked with analytical tools that users can leverage to get valuable insight into their spend. These features can help highlight places where spend is outside of established protocols to mitigate risk. The data gleaned from spend analysis can show users how to cut costs and improve their supplier relationships.
Digitizing processes comes with numerous advantages, especially when it comes to saving money. Secure backups of important documents helps avert potential conflicts with vendors and suppliers, while vital data is visible through electronic organization.
Before fully integrating a procurement tool, you need to identify the essential goals you wish to accomplish. The success of a procurement system depends on what critical needs it fulfills for its enterprise. Here are some common goals that procurement management software should meet to streamline your purchasing tasks.
Automating purchasing tasks is one of the main draws of procure systems. Speeding up the creation, acceptance and verification of purchasing orders frees up valuable resources to spend elsewhere.
This goal applies universally as speeding up ordering tasks is a desire brought by most implementing this type of procurement management system.
|Continuity of data from one area of functionality to another is a critical implementation goal. If a platform is not in use, integration is easier than ever - as long as there is continuity throughout the procurement value chain. Sourcing, contracts and purchasing can function very well in isolation, but the savings and oversight potential is tightly coupled with procurement’s ability to connect the data - and therefore the activities - conducted in each one.|
Improved Supplier Relationships
|Although the primary stakeholders are procurement and enterprise buyers, suppliers deserve consideration as well. Evaluating potential procure systems for their user-friendliness towards all parties will improve the implementation process and long-term ROI (return on investment). Specific concerns include whether it is possible for suppliers to efficiently manage multiple customer needs from one login and with one data set as well as the complexity of uploading and altering online catalogs.|
Better Oversight and Governance
To achieve the “single source of truth” objective with procurement, the company must get a majority of purchasing transactions to flow through it. Non-compliance (also commonly known as “maverick” spend) is a challenge that plagues every team with an established process. The strength of the enterprise mandate for using procurement can be supported by the solution itself, making use of restrictive features or allowing access to more choices.
Key Features & Functionality
While procurement software comes in many different forms, you can expect many of these core features to be present. Many providers offer all of the following functionality, albeit at varying levels of maturity and proficiency, while some specialize in offering a subset. Even when companies do provide a broad range of functionality, it is wise to investigate whether they are fully integrated at the code level or were consolidated under one brand and interface through the acquisition of point solutions.
|Catalog Buying||This component of functionality is often considered to be its entire purpose, since this is the primary touchpoint for the majority of the organization. Procurement management software can specify suppliers for the purchases that others in the organization will make. In some cases, suppliers will provide entire “punchout” catalogs that leverage their own detailed item information and reflect the specifications and prices under contract with the enterprise.|
|Contract Management||Once an award decision comes through, contract terms and language require signing and agreement by all parties. Contract management functionality may include redlining (legal revisions with tracking) and electronic signature. Or, it may simply contain the storage of terms and expiration so they can be centrally managed and enforced over the duration of the agreement. The legal team should involve itself in setting functionality expectations.|
Automated billing processes are another major draw of procurement software. Quickly matching invoices to their individual orders and automatically resolving payments standard for this type of software. With the automation of this process, miscommunications and problems that arise during billing in analog settings will be things of the past.
Larger enterprises usually have a billing solution in place, but smaller operations often benefit from upgrading to an electronic billing solution.
|Ordering and Selection||One of the many standard features of procurement management systems is an easy-to-use ordering format. Simple item listings and data from past orders help speed up the selection and ordering processes. If one ordering strategy is successful, it is accessible from order history and able to be brought in and used again.|
|Spend Analysis||Real-time data gathered from spend analysis is key to optimizing processes. Analyzing expenditure data to identify cost-cutting solutions and highlighting possible trends helps enterprises stay competitive and efficient. This data is useful for employees in other departments to put together inventory lists or in crafting a budget.|
|Purchase Order Approval and Delivery||
Procurement management software stores data in one easy to access place which allows for easy tracking of orders. Once approval comes through, the order is accessible immediately. This also guarantees that users who need to inspect and approve the orders have an easy way to access them.
Delivering orders to their recipients via their preferred method of transport is also part of this feature. Instead of long delivery tasks devouring useful blocks of time, these processes are taken over by the software.
Advanced Features & Functionality
The core features of procurement software will begin as your one stop shop for improving procurement practices. As you become familiar with your software suite, you will want to keep in mind some more advanced features that can enhance other aspects of the process. Below are some extra pieces of functionality to keep in mind, though you should ask vendors about availability in their products.
|Marketplace Functionality||Most companies focus on making their data accessible with procurement implementation. There are significant efficiency gains available with access to the knowledge and information of their industry peers. Some procurement management software providers offer access to new marketplaces of suppliers that extend beyond their current knowledge. This resource can shorten the time between the identification of a product or service need and a contract, or can serve as a backup plan in response to supply chain disruption. Evaluate the number of suppliers available, the information in their profiles, the process of validation and the industries they represent.|
Mobile functionality can be beneficial to implement down the line. Orders are placeable on the go, and spend data is viewable in the palm of your hand. Never wait to find out how procurement processes are resolving with mobile accessibility.
Procurement management software is comparable to the head chef of a kitchen. With so many pots on the fire, being able to access spend or purchase data anytime anywhere keeps you on top of the many processes at hand.
Once you are familiar with your procurement software, you can customize some functionality to speed up efficiency. With templates designed by those who most often interact with the software, ordering speed will rise. Instead of crafting original purchase orders every time supplies are in demand, procure systems allows for the creation of ordering templates that can save time on recurring orders.
|Follow-up and Reminder Messages||
Some software packages come with practical functionality that can keep you up to date on important requests. Following up on purchase orders with suppliers helps cement good communication and maintains supplier accuracy.
With so many moving parts in the procurement arena, reminders can be set to keep you on track and able to keep up. If specific purchase orders are time sensitive, these reminders can prevent a potential problem down the line.
Increase in Cloud-Based System Adoptions
Procurement thrives off of real-time data, and cloud-based solutions give users robust reporting and analytics capabilities to stay on top of demand without holding onto too much stock. As we said earlier, the low cost of entry associated with SaaS platforms is also driving interest in cloud-based services and giving smaller businesses a chance to leverage the power of a procurement system. A recent Statista survey shows revenue for procurement management software rising to over $6 billion by the year 2023.
An Increasingly Volatile Market
2020 has been something of a trainwreck for industries across the globe. Staying agile and flexible in a post-Covid world is critical. Online shopping is in even more demand than expected, and customer demand can change in an instant. Procurement software that can scale up and down as needed to meet the nebulous needs of the market is more important now than ever.
As more businesses try to become more carbon neutral, procurement management software providers are jumping into the ring with ways to push supply chains toward being green. These solutions help teams work with suppliers to find the most environmentally conscious materials while avoiding anything that is sourced unethically. Procurement is one of the best sections of the supply chain to start making these kinds of changes due thanks to its close proximity to the materials required to keep the supply chain running.
When you begin your search for a procurement systems there are a few things to keep in mind when measuring up the competition:
- Integration capabilities with legacy systems.
- Specific modules or end-to-end features.
- Analytical and reporting capabilities.
- Mobile apps and accessibility
Procurement tools come in a variety of flavors, so be sure to construct a list of make or break features that your final solution has to offer.
The Best Procurement Software
The SelectHub analyst team dove into the procurement management software market and came back with these top performers:
This cloud-based procure system contains features built to support an entire supply chain, but its procurement and sourcing modules help users stay on top of end-to-end spend. On-demand and subscription-based pricing give businesses of all sizes the chance to leverage its robust features.
Integrations with hold-over systems like ERP let users keep their old workflows and further optimize them for increased efficiency. Supplier and vendor support tools help users expand their market reach.
Tradeshift’s cloud-based solution optimizes invoicing and strengthens collaboration between the user and their suppliers. Speed up the approval process by leveraging customizable rule-sets that ensure invoice accuracy.
It provides end-to-end payment support, free invoicing for small businesses, robust supplier onboarding and more. An included mobile app, Tradeshift Buy and Pay, lets team members access their data and processes on-the-go.
E2open automates and streamlines procure-to-pay processes for supply chain operations. It gives users visibility into their supply chain and procurement tasks. Real-time data, machine learning and automation tools help create valuable near-term forecasts.
Automation also helps cut out labor-intensive tasks and frees up team members to handle more important processes. Inventory visibility ensures that your stock can keep up with demand and never leave you in a disadvantageous position.
Jaggaer’s cloud-based procure system helps users control their spend and leverage guided buying tools to save money and concentrate spend on preferred suppliers. It boosts purchase compliance with simplified purchasing and contract-based procurement.
ERP integrations, spend analytics and supplier management help users optimize and streamline their end-to-end procurement processes. Inventory management features are also available to organize products and prepare for demand fluctuations.
Zycus iSource is another cloud-based procurement tool that helps users gain visibility into their savings while optimizing sourcing projects for quicker procurement and sourcing cycles. The platform is scalable to better adapt to the requirements of a growing business.
Web portals give suppliers an easy place to do business and collaborate. RFx creation is also supported, along with contract management, customizable workflows and more.
Once you understand the features generally offered by procurement software, you’ll need to put pen to paper and create a list of requirements. This ensures that once you begin comparing procurement systems, you’ll have a list of criteria to use as the standard. Asking vendors questions is an important step in this process, with some examples below, but make sure to ask yourself some of the same questions. It would also help to take a look at our requirements template to help narrow down your choices.
Questions to Ask Yourself
You may be tempted to dive into the market and line up a short-list of vendors to solve your inefficiencies, but take a minute to slow down and assess your business. Asking some of these simple questions can help start you off with a strong foundation of what you need in a new procure system:
Do I need a full procure-to-pay solution or specific modules?
Eliminating complexity from your processes should be one of your goals when implementing a new solution. It’s important to probe your current software to see if there will be any holdover systems before deciding on a new addition. If your current procure system handles tasks in an efficient and cost-effective way there’s no reason to spend money on similar features in other platforms. Seeking out specialized modules is a smart choice if a full system isn’t necessary.
Have I talked to my procurement and sourcing teams?
Before beginning your search for a new solution be sure to gather some opinions from those that interact with your current system the most. Any added features will directly affect their productivity to be sure that you are all agreed on what needs upgrading. They can also provide insight into processes that suffer within your current setup and suggest new features that can boost efficiency and speed up business cycles.
What does the new solution or module need to accomplish?
Before dipping your toes into the procurement management software market you should know exactly what your goals are. Are you trying to boost overall efficiency, cut costs, discover new markets and supplier networks or a little bit of everything? Not all solutions are created equally, and some perform better than others in certain areas, be sure that your goals mirror the strengths present in your platform of choice.
Is now the best time for a new integration?
Leveling up your processes is definitely enticing, but don't shake things up if the time isn’t right. Forcing a new solution in during times of rising demand can help you keep up, but there could be hiccups with the new system that put you behind. Make sure that all of your departments are ready for a change before introducing something new.
Questions to Ask Vendors
As you finish narrowing down specific vendors and software packages, you may have a few lingering concerns about making the right choice. Before making a final decision, come up with questions you can ask vendors related to any remaining confusion you have. Here are a few examples to you get you started:
How will this software integrate with your complete supply chain?
There are many moving parts to any supply chain. You’ll want to converse with vendors to find out if any of their functionality is compatible with software you already have in place. If you have a complex platform in place, the last thing you want to do is introduce a procurement system that requires large scale changes along the supply chain. Unless you are starting from scratch, you’ll want a procurement management system that can easily fit into your established solution. It also helps to ask how long implementation will take and if there are any fees associated with the process.
Who are your competitors?
Don’t be afraid to ask your short-list of vendors about their competitors. Asking about who they regularly go up against gives them a chance to talk about their advantages and how their solution is the perfect fit for you. Knowing the strengths of each of the top offerings on the market can give you a better idea of how they can solve your pain points.
Is there a support system in place?
Problems will happen, regardless of the procure system you choose. Discussing the support in place for a vendor’s product can help you decide if it can accomplish what you require. Are there self-learning tools that can teach users basic and advanced functionality? Is there staff available to answer urgent questions?
How much does the solution cost?
Budgeting for a new procurement management system is essential. Take a minute to set a maximum cost for a solution and make sure that value works with the package you are considering. Just because a certain software suite costs more does not mean it is the best fit. Conversely, a cheaper procure system is not inferior. Try to match up your budget with your needs and find something that satisfies as best it can.
How is the software deployed?
It is worth noting that with the rise of cloud computing there are many deployment strategies for software. Smaller enterprises may benefit more from in-house procurement management software or may find the benefits of the cloud worth a higher price point. Larger enterprises with global considerations would likely look for software that works with the cloud. The ability to view data in real-time from operations in foreign countries is too good to pass up.
Efficient procurement and sourcing are vital to a healthy supply chain. Take your time when considering new procurement software, line up your requirements, talk to your teams and check out our comparison guide for a more in-depth look at the software market. We created this guide hoping to give users a solid foundation for choosing their perfect procure system, good luck and happy hunting!
Ariba is a cloud-based solution from SAP built to handle the end-to-end spend life cycle for businesses of all sizes. It also supports sourcing, procurement and numerous supply and distribution processes. It is scalable and comes with subscription or on-demand pricing options. It integrates with ERP and other back-of-house options so that users can hang onto preferred workflows. With a focus on collaboration with suppliers and trading partners, users can extend their influence and discover valuable networking opportunities.
Overcome challenges such as volatile customer demand and increasingly complex supply networks – with SAP for Supply Chain. Our software and technology let you manage your entire network in real time – so you can quickly leverage vital information and analyses, meet heightened expectations for responsiveness, and facilitate collaboration across departments and companies.
Tradeshift is a web-based platform focused on boosting collaboration with suppliers and streamlining the invoicing process. Users can speed up payment approvals and report deliveries to boost the efficiency of their teams while cutting out tedious manual data entry. Users can leverage customizable rule-sets to ensure accurate invoicing practices before seeking approvals. It helps companies adapt to the unique and ever-fluctuating needs of sellers and small businesses while tailoring successful strategies through procure-to-pay inclusions.
Zycus iSource is a cloud-based platform that focuses on enhancing savings visibility and strengthening sourcing projects through quicker sourcing cycles. It can handle complex, larger-scale sourcing projects while also opening up avenues for more stakeholder participation.It can quickly deal with instant sourcing projects while being able to scale with a business as it grows. Even the largest companies can make room for more line items and suppliers all while tying them to single sourcing projects or events.
The procurement tool is composed of 5 modules that allow the management of different stages of the process: from importing supplier catalogs to invoice processing, including purchase requisitions management, purchase orders and deliveries. The user has a single entry point to the application to issue a purchase request for listed or unlisted products, or for the procurement of services.
NetSuite WMS is a hybrid-deployment solution that helps businesses streamline operations using industry-wide best practices to minimize handling costs. Its multi-location management facility includes scope for inventory management, shipping management and returns management from a centralized platform. Integrated with the native NetSuite ecosystem, it optimizes unique workflows to drive efficient processes, eliminate paper-pushing and utilize stock, space and resources in the warehouse.
Proactics provides cloud-based, comprehensive business process automation and spend management solutions for B2B organizations. It operates through The Business Network, a free portal, from which organizations can set up business listings, showcase their products and connect with qualified buyers. In 2017, Hubwoo was acquired by the Proactis group. Since then, the partnership has resulted in enhanced offerings that involve end-to-end spend management and B2B e-commerce solutions to its users. It integrates with all types of procurement systems or ERP. It comes with convenient-to-use inclusions that drive compliance requisitioning, adoption, and cost savings by reducing the inefficiencies in the accounts payable process.
Purchase to Pay empowers businesses to streamline operations, increase control and cut costs. Deeper collaboration between finance, accounts payable (AP) and procurement enables real-time cash flow visibility – letting you make better buying decisions each and every day.
Procurify is an online procurement tool for Small to Medium enterprises. Our product integrates from the top down, allowing visibility into employee spending from all levels of the organization. With easy-to-use features, you get cost management capabilities you need to save on spending.
Prokuria is a procurement management system that enables departments and top management to organize all their RFPs and e-Auctions with suppliers in one place. It's designed for the companies who need better control over the process and achieve cost savings.
ProcureWare is an integrated procurement system for supplier management, e-sourcing, and contract management. Give your team the software for strategic sourcing to drive process efficiency and cost savings throughout the organization. Easy-to-use, affordable, and customizable software-as-a-service solution used by large and small businesses and government organizations.
Logility focuses on transportation and supply chain management and helps automate, streamline and optimize processes to cut costs and increase accuracy. Logility provides multiple avenues through which supply chains can be improved and contains a wide array of planning and forecasting tools. Logility employs algorithmic planning to assess and mitigate risks while keeping users informed of any incoming business opportunities. Gain visibility into a variety of operations and use the valuable data gathered from each process to make effective planning decisions.
SciQuest Contract Director, a contract management software solution, is designed to improve the contracting process and sets the standard for enterprise contract management best practices. Recognized by industry analysts, Forrester Research, in June 2011 as the highest-rated contract lifecycle management solution, SciQuest Contract Director enables users to manage the complete contract life-cycle online
Coupa Procurement aims to bring the ease of consumer shopping to your daily processes. With a focus on attaining full visibility, control and management of your spend, it can streamline and optimize time-intensive tasks.Its modern design makes adoption across an entire business easy while it’s visibility features give managers valuable information regarding demand and planning. Simple purchase requisitions and order processes are trackable in real-time as well.
SpendMap is a cost-effective software system for midsize and larger organizations that need to automate and streamline their Purchasing, Payables and/or Materials Management processes. Available as hosted (SaaS) solution or as traditional on-premise software, this 100% browser-based software is robust, fault-tolerant and easy to deploy to a large user community.
Aestiva Procurement systems have low-IT overhead and can be deployed quickly. Our "simple-is-better" design philosophy matches well with the goals of Aestiva's enterprise customers. This procurement system may be extended with a wide variety of add-ons and extensions.
GAINSystems is a supply chain planning software organization that provides cloud-based or on-premise solutions to its users. It helps companies lower inventories and decrease operating costs with the use of machine learning and sophisticated algorithms. It delivers higher service levels and maximum plan accuracy through various functionalities that include inventory management, demand planning and forecasting, replenishment and production management, inventory and operations planning. It is designed for mid-size to large-scale businesses.
The IBM Emptoris Contract Management family helps companies structure more profitable contracts, streamline the contracting process and improve compliance. These solutions can automate and manage various stages of the contract lifecycle from creation, execution and renegotiation of contracts and amendments, through performance monitoring, analysis and renewal. The IBM Contract Management family enables companies to capture more revenue opportunities; improve supplier, partner and vendor relationships; and mitigate risks.
BMC Helix ITSM is a predictive service and asset management software suite that offers an inherent mobile-first client experience to its users. It helps product managers increase their organizational productivity, shrink overall service management costs and more all through a single source. It offers service management modules that use cognitive automation capabilities to transform ITSM effective principles from NextGen Remedy. It is deployable via the cloud.
SutiProcure is procurement management system that automates the purchasing activities of your organization. The automated procurement system will facilitate the process of approving purchase orders, matching the invoices, and bill payments. Right from requisitions to financial settlement, everything can be managed efficiently.
Based on the world’s mainstream Oracle Database, development tool and web structure; designed to serve as the platform infrastructures of enterprise application information systems such as core enterprise resource planning (ERP), front-end customer relationship management (CRM) and supply chain management (SCM).
Wax Digital web3 procurement / spend management software delivering savings, cost control, compliance, spend and supplier management to large and medium sized organizations. Source to Pay suite is available via the cloud on a modular basis or as a complete suite, with direct integration with your ERP, finance and back-office systems.
Claritum’s cloud based sourcing capabilities are proven to deliver a transparent and consistent best practice, transactional sourcing process to users, whether a novice employee, an experienced buyer or third party agency or outsourced service provider. To address the complexities of day-to-day buying, Claritum’s sourcing software provides a unique combination of a structured closed-bid RFx (Request-for-Quote, Request-for-Proposal) and contract (pre-negotiated volume based deals). This approach empowers buyers to establish a ‘market’ or baseline ‘volume’ price and take advantage of market variances through ‘spot pricing’ RFxs.
NextBuy is built in modules to give you only what you really need. The software covers various procurement processes and connects buyers and suppliers in one integrated platform. Source new suppliers or import your internal database, send RFx, compare offers and choose the best one. Set up Purchase Request workflow and use product catalogues. Track your supplier activities, monitor delivery and get reports based on over 25 KPIs. All in one SaaS solution.
Precoro is an innovative purchasing and spend management software, that helps companies to fully eliminate manual workflow and save lots of time and money. Eliminate paper documents, Excel, email records and the manual work. Streamline approvals, get purchases faster.
PurchaseSoft has designed solutions that let you gain control over your business's procurement process - from requisition to receiving. From day one, you'll be able to consolidate orders, negotiate better prices, manage inventory more effectively, track assets and more, in real time.
A procurement management software consisting of nine modules under one platform to enable companies to automate their procurement processes, manage spend and minimize risk. Order, track and manage spend from all your departments and employees under one easy to use solution as well as automated analytics, reporting suites Contract and Budget Management to ensure compliance and increase savings.
BAZ on the enterprise data bus should be an imperative solution for all leading process oriented organizations. Use of BAZ, increases efficiencies in financial productivity, data integrity, policy-change-risk management, transaction transparency. Can integrate with any ERP and extend ERP framework to the bottom of the pyramid (thus connecting all within an organization in the spend space). All this results in cost optimization, compliance with reduced risks and better controls
Synertrade Accelerate is a cloud-based procurement software solution designed to cover the entire purchasing process and address the specific challenges and needs of any organization or business. It is a flexible and customizable platform that is focused on ergonomics and ease-of-use that ensures rapid user adoption and greater satisfaction in the process.
Tiva Software is a powerful order management system specifically designed for wholesale distributors, their field representatives and self-servicing customers. It replaces paper-and-fax and Telxon-based ordering systems with advanced Internet and mobile computing technology to improve productivity and help drive revenues. The system is paired with Internet Portals that provide realtime data tracking, trends analysis, and historical information. Customers and end-users once tied to paper based reporting systems now have instant access to years of order related data.
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