Ivalua eProcurement

See Ivalua's Procurement Platform in Action

What are the Benefits of an eProcurement Solution

eProcurement software enables Chief Procurement Officers to have complete and timely visibility of who is buying what from whom by enabling employees to get the products and services they need for their work. Here is a list of the benefits of an eProcurement platforms:

5 Criteria to Choose the Right eProcurement Software

All Spend

All spend must be supported, whether direct materials or indirect spend, products or services, CAPEX or OPEX so that users can purchase all they need. It is key to avoid maverick spend.

Guided-Buying

Guided-buying capabilities allowing your users to be softly routed to compliant buying channels through a shopping-like user experience. This is important to maximize the adoption of the tool and eventually of the process.

All Processes

All process steps must be supported to make sure automation is efficient, especially those steps which usually happen offline, via email or phone. A typical example is purchase order (PO) updates. As suppliers cannot modify POs, they inform their customer by email that they must change an item, a price or a delivery date of the order.

The user forgets to reflect these changes in the PO and eventually, when the invoice comes in, it does not match the initial PO which has not been updated. Therefore, allowing suppliers to update (under the user control) a PO is key.

Integration

Integration to other systems like ERPs or MRPs to connect to other stakeholders’ data, but also be able to connect to third party data providers to enrich your Procure-to-Pay process.

For example, you could check the sustainability score of a supplier through Ecovadis before ordering a certain product.

Flexibility

Flexibility to deploy quickly without compromising your ability to evolve with ever-changing regulation, new corporate policies or your growing organization without waiting for the next software release.

Ready to Manage All Spend & Suppliers with No Compromises?

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