Control your procurement procedures and manage your supplier base with an easy-to-use application in a SaaS model. SaaS (Software as a service) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted.

What is procurement software?

Procurement software (a.k.a., purchasing software, procurement management software, e-procurement software) is a utility that helps an organization in the acquisition of their needs of goods and services. Such software offers specialized tools to help organizations in various steps of their procurement processes.

What are the benefits?

To name a few, here are the following aspects that procurement software improves in an organization

  • Centralization
  • Reduction in errors
  • Reduction in paper volume
  • Improved control / security
  • Increased productivity
  • Better visibility and transparency
  • Optimized supplier base

Market trends

Let's look at the following market trends to understand more about how procurement software impacts organizations.

Note: All the statistics are taken from a research firm Levvel’s report. The percentage indicates the aggregate responses of the people in the firm's survey.

Top benefits organizations found from using procurement software

  • Reduced errors 43%
  • Reduced paper volume 41%
  • Improved control / security 40%
  • Better procurement visibility and transparency 36%
  • Better inventory management 34%

Top challenges in the procurement process that were faced by the organizations

  • Data inaccuracies for suppliers, orders, payments, etc 31%
  • Poor communication between procurement and accounts payable 30%
  • Inconsistent procurement process throughout organization 29%
  • Unclear or lengthy requisition or approval process 27%
  • Paper-intensive process 25%

Top barriers faced by organizations in adopting a procurement software

  • Current processes work 30%
  • Lack of budget 29%
  • Lack of understanding of current available solutions 26%
  • Implementation/training takes too long 26%
  • Lack of technical resources to manage an automated solution 24%

In 2020, there had been an increase from 39% to 47% in using procurement software for placing orders with suppliers.

Make your procurement easier with Procurelist

  • Understand the facts better by starting with a trial plan and get accustomed to the software.
  • Contact the team to receive a customized budget plan according to your needs.
  • Enjoy the clean and minimal interfaces to complete your processes faster.
  • Pay only for the term you use the software and cancel anytime.
  • Get customized support for personalized needs.
  • Enjoy the benefit of no-cost three-month usages by adopting early (only applied to alpha access users).

Our Solutions

Procurelist is providing the following workflows

  • Listing of needs and getting a quotation from organization's vendors
  • Creation of purchase order
  • Getting approvals from required authorities before sending a purchase order to the vendors
  • Acknowledging received goods
  • Preparing invoice and storing payment details
  • Managing your stocks with inventory management
  • Planning your budget
  • Ordering inventory items when low
  • Collaborating easily with suppliers

Want to apply these benefits to your organization?