Best Eprocurement Software in 2023 for Business
Best eprocurement software tools are SAP Ariba, Zycus, SutiProcure, and IBM B2B eProcurement. These platforms act as a support for organizations when the company undergoes a digital transformation change.
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List of 20 Best EProcurement Software
The only procurement software that's flexible
Kissflow Procurement Cloud is a flexible procure-to-pay suite that enables businesses of all sizes to streamline their procurement processes from sourcing to invoice processing and supplier management. Learn more about Kissflow Procurement Cloud
Starting Price: Starting Price: $1990 Per Month
Category Champions | 2023
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IBM is leading eProcurement system and supplier networks such as Ariba, SAP and Oracle and It specialists can also help create a customized solution for your needs. It's B2B eProcurement integration is based on industry standards, Read IBM B2B eProcurement Reviews
Starting Price: Available on Request
Recent Review
"IBM B2B eProcurement" - Anvesha Verma
| Pros | Cons |
|---|---|
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It helps in reducing cost |
None observed |
Emergents | 2023
The Zycus eProcurement solution, comprising of features like Catalog Management, Requisitions & Approvals, Purchase Orders and Supplier Portal helps you avoid such outcomes. Further, the user experience is driven to much higher levels of end-user adoption and compliance with our e-Procurement innovation - Guided Buying. Read Zycus e-Procurement Reviews
Starting Price: Available on Request
Recent Review
"Friendly guided procurement" - Elroy Silveira
Contenders | 2023
Basware global leader in providing purchase to pay and e-invoicing solution of eProcurement for any size of the company, with significant cost saving, more flexible payment terms, greater efficiency. Nicely manage finance and business network. Read Basware Reviews
Starting Price: Available on Request
Recent Review
"Essential P2P tool that I'm always delighted to use" - Marta Gorska
| Pros | Cons |
|---|---|
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It is very easy to use, fast and has many helpful features. I like how intuitive it is |
Sometimes it tends to freeze without warning and needs to be restarted |
Emergents | 2023
Coupa's expense management software simplifies entry, streamlines review, eliminates paper pushing, and reduces administrative effort across the organization. Easy-to-use for all users, Coupa Expenses automates all tasks from creating and submitting to approving, while helping companies optimize their expenses spend. Learn more about Coupa
Starting Price: Available on Request
Category Champions | 2023
It is the best ERP solution designed to grow seamlessly with your business. CREST will accommodate additional business process and functionalities as your business scale over time. CREST is a fully integrated ERP product. Read CREST ERP Reviews
Starting Price: Available on Request
Recent Review
"Product Functionality and Ease of use" - Amit Banerji
| Pros | Cons |
|---|---|
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Most of the solutions are available out of the box and ease of use. |
Capacity Planning |
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It has got good and smooth user interface and we can generate number of Reports. |
Not Much but we would like to suggest they can improve the Dashboards. |
Category Champions | 2023
Modern State Of The Art System, World Wide Clients
EYVO is cloud-based eProcurement solution of sourcing goods and services. Manage efficient and accurate system with affordable pricing. Enables to you to cut costs, add transparency for spending and approvals process and control the budget. Read eBuyerAssist Reviews
Starting Price: Starting Price: $39.95 User/Month
Recent Review
"Great e procurement software" - Aubrey L D Chadza
| Pros | Cons |
|---|---|
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It integrates well with our other company softwares including accounting and human resources management softwares. We track every stage of procurement and it interacts well with our customers. |
Ticket system needs to be improved |
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I like how you can visualize the entire payment process, which we can keep track of and even receive confirmation from the provider that has access to the platform. One of the advantages is really how easy it is to instill it, we don't need so much help. |
Have nothing bad to say about this software, we are even very happy with your translations for any provider, and the support team is always tempted with any questions. |
Category Champions | 2023
PACT ERP software enables companies of all sizes to run their business in a professionally organized manner. It automates and manages all key operations in a single, integrated system for the ease of use. The system takes control of financial management, inventory control, sales management, budgeting, and more. Read PACT ERP Reviews
Starting Price: Available on Request
Recent Review
"VALUE FOR MONEY" - ASHRAF ALI MOHAMMED
| Pros | Cons |
|---|---|
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They have all they modules Accounting CRM HR management |
We found they have everything in their ERP if we request them to add any feature they immediately support and ad the required module. |
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Online software |
No |
Contenders | 2023
OPT-Source Technologies is an innovative provider of software solutions & services for strategic & transactional procurement. Our focus areas include catalogue management, s2c (source to contract cycle), p2p (procure to pay) & supplier lifecycle management. Read OPT-Source Procurement Portal Reviews
Starting Price: Available on Request
Recent Review
"Opt-Source" - Sachin Prasad
High Performer | 2023
C1 India is an end to end Internet-based software that automates the entire tender cycle and post contract project. It e-tender management platform has won lots of accolades and is a proven platform for online tenders. Read C1India Reviews
Starting Price: Available on Request
Recent Review
"C1 India is a leader in e-Procurement Solutions and Services." - Amit Singh
Emergents | 2023
SutiProcure is an online procurement management solution that accelerates and automates your entire procure-to-pay cycle. It enables you to professionally manage day-to-day purchasing and gain control over spend. Learn more about SutiProcure
Starting Price: Available on Request
Emergents | 2023
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BravoAdvantage is the strategic eProcurement platform which generate more value, influence innovation and reduce risk in any organisation. It provides the visibility, insight and transparency required to power and improve your procurement initiatives. Learn more about BravoAdvantage
Starting Price: Available on Request
Emergents | 2023
Jaggaer is one of the eProcurement software solutions that provides a configurable, guided buying solution so that your procurement can be flow towards strategically contracted supplier. Also can track the contract compliance, manage catalogs and improve spend management. Learn more about JAGGAER
Starting Price: Available on Request
Emergents | 2023
PayStream empowers the finance and procurement. It supports for requisitioning, catalog management, order lifecycle management. Comprehensive ways for mobility transforming the strategy. Learn more about PayStream Advisors
Starting Price: Available on Request
Software by Bellwether Software
Bellwether Purchasing and Inventory is a fully featured eProcurement Software designed to serve Enterprises, Agencies. Bellwether Purchasing and Inventory provides end-to-end solutions designed for Windows. This online eProcurement system offers Vendor Management, Spend Management, Sourcing Management, Invoice Processing, Supply Management at one place. Learn more about Bellwether Purchasing and Inventory
Starting Price: Available on Request
Easy to customize, fast to start, and intuitive to work with, Prokuria is a cloud-based platform for automating sourcing, purchasing and supplier management delivering cost and time saving procurement solutions. Read Prokuria Reviews
Starting Price: Starting Price: $20 User/Month
Recent Review
"User-friendly interface" - Barbulescu Ana-Gabriela
| Pros | Cons |
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The fact that Prokuria gave me with so much help was what I liked most about them. Give them a call or send them an email if you have any questions or concerns; they're always available. So far, my experience with Prokuria has been incredible! |
It met my requirements and I didn't detect anything wrong with it. |
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What I appreciated most about Prokuria was the amount of assistance they provided. If you have any queries or issues, give them a phone or send them an email - they are always accessible. So far, my experience with Prokuria has been fantastic! |
It served my needs well, and I didn't detect any issues. |
Category Champions | 2023
Plug and Play Cloud ERP Solutions
TYASuite Procurement software is designed to effectively drive down costs, improve cash flow & automate multi-layered approval processes, in a single view. Read TYASuite Procurement to Pay Reviews
Starting Price: Starting Price: $17.36 Per Month
Recent Review
"excellence experience of managing " - Sethu
| Pros | Cons |
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Extremely proficient at the the purchase and invoicing transactions and flows. Highly configurable. Overall strong vision. We are growing into the usage of the Sourcing tool and starting to utilize some specialty modules like Virtual Cards. |
nothing found |
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Fully automated management services, Comprehensive data analysis and reporting tools, Cutting-edge data security and privacy and High-performance at low cost |
NA |
Discus Procure solution enables transparent communication between buyers and sellers and at the same time empowers managers to track and measure team performance. P2P brings structure and transparency to the sourcing process, making it fully auditable. Read discus procure Reviews
Starting Price: Starting Price: $9 User/Month
Recent Review
"Great product" - Satani S.
| Pros | Cons |
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It is making bid process easy. |
Better functionality for our business activities already. |
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Once implemented very powerful - the business has doubled in size. |
It works all well. |
Contenders | 2023
e-Procurement Cloud SaaS Solution consisting of nine modules to manage spend, contracts, budgets, and suppliers as well as reducing risk through compliance. RFP/ RFQ and purchase order creation as well as a three-way matching P2P module. Read oboloo Reviews
Starting Price: Starting Price: $110 Per Month
Recent Review
"So easy to use and looks great! Will save me a lot of time in Excel" - Bob Hill
| Pros | Cons |
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Really easy to navigate, very straight forward and you can learn to use the platform in minutes. Has everything we need for one price rather than using a handful of software. Currently using the free trail version but upgrading to Premium in the next week |
Still using the free trail so early days but looks gtreat and easy to use so far. The Spend Analysis section will save us a lot of time in Excel |
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Great price and really easy to use. Similar software's we tried only gave P2P and one other module for the same price however using Spend 365 I can manage my contracts, budgets and create as many RFQ's as I like. |
Nothing. Easily the best out of the ones I tried and a great price. |
Category Champions | 2023
Procurement Management software from Sunsmart Technologies is a business software that helps to automate the purchasing function in and around Organisation. Read nTirePMS Reviews
Starting Price: Available on Request
Recent Review
"nTirePMS is highly valuable essential procurement software solution for vendor management" - alex info
| Pros | Cons |
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nTirePMS is very helpful for the purchase management process and supply chain management. It reduces the waste of time and enhances business operations. This software is user-friendly, easy to handle, and flexible. This e-procurement software is very useful for improving my organization. |
nTirePMS is exclusive and excellent software for users. All valuable features are available. No one can't ay negative review for it. |
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User friendly solutions and customizable |
No negative things so far the support team can improve their time to respond |
Recent Review
Until 31st Mar 2023
What is eProcurement Software?
eProcurement software is a complete B2B solution that enables vendors to place orders, purchase goods and services, and perform business deals and transactions. With the help of this software, businessmen can negotiate deals, sign agreements, develop relationships with suppliers, and thus enhance their business network. The eProcurement system also lets vendors define policies and guidelines, and control their business spends over the purchased commodities. Furthermore, the software helps businessmen to adhere to their pre-defined terms and conditions and connect with more suppliers.
Features of eProcurement Software
To ensure consistent business procurement of all required goods, eProcurement software must:
1. Have a Supply Catalogue
An online supply catalogue is a must-have feature of an eProcurement system. Using this, vendors can search for the required products and get updated rates. They can also compare the rates of different items, calculate spends, and finally place an order to a trustworthy supplier.
2. Provide Online Purchase Facility
That comes unsaid. In a world where business dealings have become a virtual activity, the software must provide this facility to ease the purchase process for users. An interactive purchase module will help both the vendor and the supplier.
3. Offer Real-time Invoice Generation
Invoices are a crucial part of every business deal. Therefore, eProcurement software should allow buyers to generate real-time invoices containing all the requisite details received from the supplier. Buyers should further be able to validate the invoices and send them for approval.
4. Deliver Customisation and Flexibility
No software is software until it can be customized. The eProcurement system should work in a similar way. It must allow users to derive optimum utility by catering to all their business requirements and need. Besides customization, users must feel flexible while using its feature. Since the primary purpose behind using software is to make things easier and more convenient; eProcurement solution must meet all the standards of being a flexible and user-friendly software.
5. Provide Supplier Management Module
A supplier management module must allow the suppliers to update the price lists of each item. Using this feature, they shall be able to define tax provisions, invoice prefixes and terms, and conditions for payments. At the same time, they can send invoices (pdf format) to their buyers through email. Furthermore, the module must help suppliers to monitor order details and information and create corresponding invoices. Above all, they must have the option to bid for RFQs received from vendors.
6. Generate Reports
Another significant feature an eProcurement software must have is the ability to generate reports, as asked by the user. Reports of orders placed, purchased items, invoice amount and details, supplier performance along with stock, inventory, and business savings, must be quickly generated by the system. Moreover, reports must be real-time and customized, according to the criteria entered by the user.
Advantages of Using eProcurement System
While using an eProcurement solution, businessmen are sure to receive the following advantages:
1. Integrated and Centralised System
The best that a business person can do with an eProcurement software is to integrate all supply chains and maintain all business relations from a centralized domain. Further to this, they can maintain a centralized purchase management system whereby they can monitor and control all their business deals from a single platform. All these will streamline their overall procurement process and integrate their supply channels; thus leading to better business management.
2. Quicker Approvals and Real-time Notifications
eProcurement system helps vendors to get faster approvals for their invoices. Besides this, they get real-time notifications about all business dealings and transactions that take place in the online domains. Thus, at any time, vendors cannot miss any business information and can stay updated on all business proceedings.
3. Collaborative Supplier Portal
Business never happens with just one supplier. This calls for the need for a comprehensive supplier portal where vendors can store all information about each of their suppliers and fetch relevant data, as and when required. A collaborative supplier portal further helps businessmen to maintain a consistent relationship with their supplier and develop a long-term understanding with time.
4. Increased Business Value and Income
Online business deals save a lot on business development costs and expenditures. Installing an e-procurement software is therefore a sure short way to reduce additional expenses and add figures to the business revenue. The 360° online procurement process is also a smarter way to enhance business value; establish credibility and increase business contacts in the virtual world.
Drawbacks of eProcurement Software
Even with the above benefits, the eProcurement system is prone to:
1. Security Threats
Software security is a primary concern across all industries and e-procurement is no exception. Just like any other software, new-age e-procurement databases face the risk of data tamper and leakage. Despite protecting the software with powerful anti-virus software may still develop malfunctions and it may be difficult to preserve sensitive business data.
2. Back-end Integration Failure
Undoubtedly, the eProcurement system offers excellent supply chain integration. However, it lacks a similar integration on the back-end front. Most businessmen are baffled about syncing their back-end activities with the system and every attempt of back-integration is of little success.
3. Regular Updates and Maintenance
With newer versions of software, the old becomes obsolete. It is therefore important to regularly update the software to keep it away from online threats and viruses. Continuous updates also prevent spam attacks and hacking. Besides updates, eProcurement software needs timely maintenance, which often incurs extra costs. Users also need to be extremely careful in updating and maintaining their solution and should ensure that it’s done on a regular basis.
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