Best Procurement Software 2022

Looking for software to streamline your purchase order process? We’ve compiled a list of 8 top picks that promise to benefit businesses of all sizes. From well-rounded purchasing suites to web-based applications, there’s something for everyone. Here’s a brief overview of each option: 1. Coupa Procurement: Offers a full purchase order process, requisitions, budgeting software, spending and fraudulent activity guards, inventory management, and contract management. Pricing information is not publicly available. 2. Spendwise: A web-based application designed to optimize organizational spending. Offers a free 30-day trial, with basic plans starting at $9/month and premier plans costing an average of $19/month. 3. Precoro: Eliminates manual work processes to save time, resources, and money. Offers three plan levels: small ($29/month), medium ($24/month), and large ($19/month). 4. Fraxion: A procurement and accounting software that emphasizes spending less money in the course of normal busine...

  The pandemic of COVID-19 led to a significant reshaping of how businesses operated. With lockdowns implemented globally, it became increasingly challenging to manage businesses traditionally; a more robust approach had to be adopted. Failure to adapt to this led to numerous companies coming to an end. Hence it became  imperative for companies to cut costs  and change their procurement practices for the sake of business continuity. While most companies faced challenges adapting to the harsh external global conditions, many thrived by implementing different strategies in their processes. When it comes to Fintech Industry, from  33% in 2017, 64% of customers globally  now use one or more fintech platforms. Moreover, by 2025, the value of the worldwide FinTech industry is predicted to be over $305 billion. Let’s look at how strategic sourcing, specifically, has impacted the Fintech Industry. Strategic Sourcing and Its Impact on Fintech Industry Strategic sourcing ...

  Over 80% of companies still handle their Procure-to-Pay (P2P) cycle manually, according to a procurement insights survey conducted in 2020. This is equivalent to cutting down a tree with a knife. Sure, it'll get the job done, but it's not the best tool for the job, as there are effective ways to do this. Procure to pay processes that are manual and paper-intensive present a slew of issues, including inefficiency, a lack of spend visibility, and the failure to maintain contract enforcement, to name a few. Today's procurement leaders are still searching for ways to cut down costs and save money by improving productivity. Global supply chains were severely disrupted as the world responded to the COVID-19 pandemic. When businesses struggled to manage their supply chains, the value of sourcing and purchasing jumped to the forefront of their concerns. Many companies, especially those classified as ‘critical businesses’ were under pressure to keep supplying services and goods ...

  Considering SAP Ariba Alternatives ? See what Strategic Sourcing Application Suites SAP Ariba users also considered in their purchasing decision. When evaluating different solutions, potential buyers compare competencies in categories such as evaluation and contracting,   integration and deployment, service and support, and specific product capabilities. Check out real reviews verified by Gartner to see how SAP Ariba compares to its competitors and find the best software or service for your organization.

  Source:  https://kissflow.com/procurement-process/procurement-vs- purchasing/ https://kissflow.com/hubfs/what-is-procurement-vs-purchasing.png

 5 Procurement Software You Must Have in Your Evaluation List 1. Kissflow - Best Procurement Software 2020 2. Precoro 3. Coupa 4. Promena 5.Ebuyer Assist