Procurement software helps organizations automate their purchasing efforts. With procurement 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 making payments. Procurement departments are also able to use procurement products to coordinate order shipments for optimal capacity, or to engage with suppliers bidding for business. The primary benefits 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.
With procurement software, you can: