Procurement software helps organizations automate the process of purchasing. With these software, businesses are able to handle most procurement-related activities online, including raising and approving purchase orders, selecting and ordering products, receiving and matching orders and invoices, and finally making payments. There are departments dedicated to procurement and they use procurement products to coordinate order shipments for optimal capacity, or to engage with suppliers bidding for business. The primary advantages provided by procurement software are the reduction in time and effort spent managing purchases, increased coordination with vendors, and the ability to leverage economies of scale.

Steps involved in a Procure-to-pay Software

Today’s article will talk about the best Procurement softwares in 2022. The article will discuss the ABCs of each product. The order of the article is decided on the basis of features and reviews by many first hand users. Without further ado, let’s get right to it!

  1. SAP Ariba – Digitally transform your business with SAP Ariba solutions.

SAP Ariba Homepage

About SAP Ariba

With just a web browser and a user-friendly interface, with Ariba, one can work with your trading partners using market-leading SaaS solutions for spend management, collaborative finance management, and sales acceleration management  all integrated on a single platform. These solutions are available by subscription and on-demand, so there’s no software installation or maintenance hassle.

SAP Ariba Features

SAP Ariba Video Support –

  1. Coupa Procurement – Purchasing Sophistication Meets Consumer-Like Experience.

Coupa Procurement Homepage

About Coupa Procurement

With Coupa’s strategic procurement solutions and tools, procurement can deliver on their core mission, i.e. increasing user and supplier adoption to realize optimum savings. Besides that, Coupa’s flexibility and configurability helps procurement partners with the business to drive greater value. And the ability of Coupa’s procurement tools to integrate with multiple ERPs, allows procurement to team with IT to deliver an intuitive, consistent purchasing experience to every employee

Coupa Procurement Features

Coupa Procurement Video Support –

  1. Jaggaer – A modern, convenient online shopping experience with robust tools for governance and process compliance.

Jaggaer Homepage

About Jaggaer

Jaggaer automates processes like supplier management, procurement and accounts payable with web-based, integrated and intuitive solutions that deliver real efficiencies and savings.

Jaggaer Features

Jaggaer Video Support –

  1. SAP Litmos – Training in the now.

Oracle Procurement Homepage

About Oracle Procurement

Oracle Procurement Cloud provides an efficient, effective, and influential procurement organization that helps keep costs under control by selecting the best suppliers, enforcing policy and managing supplier risk. Oracle Procurement Cloud is a complete solution for businesses of any size for direct or indirect spend. Collaboration with suppliers is easy through Oracle’s document sharing and increased information accuracy for deeper insights. Employee request management is also streamlined through Oracle Self Service Procurement Cloud with built-in spend controls.

Oracle Procurement Features

Oracle Video Support –

  1. SAP Fieldglass – External Talent Marketplace.

Fieldglass Homepage

About SAP Fieldglass

SAP Fieldglass is a provider for services procurement and external workforce management. The software is a cloud-based, open Vendor Management System (VMS) that helps organizations find, engage, manage, pay, and unlock more value from this growing external workforce, irrespective of the geographical location. 

SAP Fieldglass Features

SAP Fieldglass Video Support –

  1. Precoro – Procurement Software Which Saves Your Time and Money.

Precoro Homepage

About Precoro

Precoro is an innovative Procurement and Spend Management software which helps companies to fully eliminate manual workflow and thus save bulks of time and money. Teams use Precoro to eliminate manual work and streamline their purchasing processes, thus saving time and money, and ultimately focus on more pressing matters.

Precoro Products

Precoro Video Support –

  1. BuyerQuest – Procure-to-Pay Software Solutions.

BuyerQuest Homepage

About BuyerQuest

BuyerQuest is a next-generation procurement solution that brings the eCommerce shopping experience to the Enterprise level. End users or customers make better, informed buying decisions while enabling tighter trading relationships with suppliers, thanks to BuyerQuest. BuyerQuest delivers a wonderful employee buying experience, reduces procurement process friction, drives contract compliance and saves money.

BuyerQuest Products and Integrated Catalogs

BuyerQuest Video Support –

  1. Tradeshift – Let’s get digital.

Tradeshift Homepage

About Tradeshift

Elevate with a network solution for automating the heck out of accounts payable processes. Go paperless and touchless with Tradeshift for the whole order-to-pay cycle. One can automate invoices by capturing them digitally and get Artificial Intelligence to do the rest. Pairs well with pleasing suppliers, kicking butt and impressing CFOs.

Tradeshift Features

Tradeshift Video Support –

  1. Basware – Simplify Operations, Spend Better.  

Basware Homepage

About Basware

Basware solutions work across the business to business cloud to allow companies to work together more efficiently. Their mission is to arm you with 100% spend visibility and actionable data. They reinforce this by delivering best-in-class purchase-to-pay solutions over the world’s largest open business network, so one can maximise efficiency and get smart about spending.

Basware e-Procurement Features

Basware Video Support –

  1.  Vroozi Procurement Platform – Fully Automated Procure-to-Pay Platform.

Vroozi Homepage

About Vroozi

Vroozi is the leading cloud-based business purchasing and AP automation platform. This fully automated procure-to-pay solution helps you grow faster and more profitably by digitizing your purchases, vendor invoices, expenses and payments. Vroozi is procurement for the modern workforce. Its highly-intuitive, user-friendly platform saves financial leaders time and money, while increasing spend controls and boosting efficiency. Vroozi is designed for high-growth organizations who want to empower their employees, automate AP and purchasing, and maintain spend visibility from anywhere, at any time.

Vroozi Features

Vroozi Video Support –

  1.  MHC Software – Flexible Solutions for the Modern Enterprise

MHC Homepage

About MHC

MHC Software (MHC) is a provider of enterprise content automation and document management software solutions. MHC’s proprietary solutions accelerate customers’ digital transition journeys, allowing them to significantly increase productivity by converting manual and paper-based processes into highly-automated digital processes by providing features like leveraging web forms, workflow automation, OCR capture automation, flexible and dynamic content creation, and powerful self-service document access.

MHC Software Functionalities

MHC Software Video Support –

  1.  PRM360 – Simplified Procure-to-Pay Suite.

PRM360 Homepage

About PRM360

PRM360 is a product of Acads360 India Pvt Ltd and is a robust cloud-based procurement software solution that can help automate and streamline the procure-to-pay processes while cutting costs and mitigating risks. Be it creating requisitions, sourcing, inventory management, tracking purchase orders, or ensuring supplier compliance, PRM360 can do it for you while making the procurement process as easy as e-shopping for end users.

PRM360 Features

PRM360 Video Support –

In conclusion!

Hope the article helps you in selecting the best Procurement Software that’s best for you and your corporation. Analyse your requirements and select the platform which best suits your needs.

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