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Procurement Software

Procurement software or e-procurement system automates the purchasing process and manages all activities related to an organisation's expenditures. Procurement system automates the process of resource acquisition and supplier relationship management. Employees can easily use these procurement tools to create purchase orders subject to review and approval by managers. Managers have a broad range tools at their disposal for tracking, analysis and reporting on business process efficiency. Procurement management software is related to Billing and Invoicing software, Purchasing software and Vendor Management software. Capterra helps you explore multiple options and select the best Procurement Management system in India for your organisation.

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TYASuite Procurement features like auto-filling of GRN, merging multiple PR into single PO, track POs, robust reporting and much more. Learn more about TYASuite
TYASuite Procurement software enables you to make timely, safe, and accurate purchasing decisions, ensure proper payments for all expenditures, provide transparency to suppliers by sharing details of supplier performance and payments on one screen. TYASuite provides a comprehensive end-to-end procurement software solution that delivers increased buying efficiency to all personnel within an organization by automating a multilayer approval process based on cost centers. Learn more about TYASuite

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
Qntrl's powerful, no-code workflow orchestrations bring visibility, control, and automation to all your business processes. Learn more about Qntrl
Eliminate spreadsheets and tedious manual work from your purchasing processes by switching to Qntrl. Build your unique procurement processes in minutes and deploy them for quick visibility and control. Qntrl's UI is low-code which eliminates the learning curve. Automation helps in managing invoices and documents, and integrations help in connecting processes to ERP and other services through APIs. Qntrl comes with practical templates for vendor management, purchasing, and accounts payable. Learn more about Qntrl

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
India Local product
Kissflow Procurement Cloud is the only flexible source-to-pay platform that adapts to your unique procurement needs. Learn more about Kissflow Procurement Cloud
Kissflow Procurement Cloud is the only flexible source-to-pay platform that helps you to streamline all your procurement processes. It increases spend visibility, control, and operational efficiency by eliminating paper and manual work. Kissflow Procurement Cloud takes advantage of its low-code/no-code technology to offer endless customization, deliver faster time to value, and 10x cost advantage. Learn more about Kissflow Procurement Cloud

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
Promena offers Supplier Relationship Management, E-Sourcing, E-Procurement and Contract Management modules. Learn more about Promena
Promena offers e-Procurement, e-Sourcing, e-Auction and SRM solutions with the aim of providing high efficiency, effective control of time, labor and cost savings to its customers in their purchasing activities. Thanks to Promena, you can provide the most efficient improvement in cost, productivity, transparency and risk management parameters within your supply chain. Contact us and carry your purchasing activities to the cloud through our web based e-sourcing platform. Learn more about Promena

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
India Local product
Dr. ERP

Dr. ERP

(0) India Local product
Dr. ERP: Streamlining Your Business Growth Effortlessly manage core processes like accounting, inventory, and production with Dr. ERP's Learn more about Dr. ERP
Introducing Dr. ERP, the ultimate solution for driving your business growth through streamlined automation. Designed to meet the diverse needs of modern enterprises, Dr. ERP empowers users to seamlessly manage and integrate core business processes such as accounting, inventory, production, and quality control. Why Choose Dr. ERP Software? Unique Listing: Crafted exclusively for Capterra, Dr. ERP's description offers a clear, high-level overview of its core functions and capabilities, ensuring busy buyers find the trustworthy information they seek. Streamlined Operations: Optimize your business with Dr. ERP's automated systems, providing insights into sales processes, streamlining production workflows, and ensuring sustained growth. Personalized Consultations: Our team ensures a seamless integration through personalized consultations, transparent quotes, and committed delivery, aligning with your dynamic business needs. Enhanced Collaboration: Dr. ERP facilitates smooth communicat Learn more about Dr. ERP

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
Corporate web-based solution for purchase-to-pay processes. Purchase requisitions, e-approvals, receipting, invoicing, expense claims Learn more about WebReq
Corporate web-based solution for purchase-to-pay processes including purchase requisitions, electronic approvals, receipting, and supplier invoicing. Features include a broad range of set-and-forget approval rules and methods, automated emailing of purchase orders to suppliers, seamless integration to multiple financial systems, supplier invoicing reading and auto-allocation. WebReq is available as a cloud based solution or on-premise. Mobile app based expense claims also now available. Learn more about WebReq

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
Expeni.com is a low-priced, simple and easy to use procurement software. Best fit for a small budget! Learn more about Expeni
With one-click approval process, Expeni.com simplifies the procurement management process. Employees can issue, copy purchase orders from existing POs, attach invoices etc. Automatic email notifications notify approvers. Managers can approve from anywhere. Multi-level approval feature is supported. Finance can add payments. Export as CSV or PDF. Share with suppliers. Customize PO form. Control PO access between departments and branch locations. Manage suppliers and products. Learn more about Expeni

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
Integrated business management solution that automates financial, customer relationship and supply chain processes.
Microsoft Dynamics is a line of integrated, adaptable business management solutions that enable your people to make important business decisions with greater confidence. Microsoft Dynamics works like and with familiar Microsoft software-easing adoption and reducing the risks inherent with implementing a new solution. These solutions automate and streamline financial, customer relationship, and supply chain processes in a way that can help you drive business success. Learn more about Dynamics 365

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
NetSuite Procurement: complete visibility of the procurement process to buy goods and services at the best price, when you need them.
NetSuite Procurement centralizes vendor management and procurement. Channeling purchase orders to approved suppliers and pre-negotiated contracts ensures purchase at the best price in a timely manner. The real-time view into spending and vendor performance improves visibility and enables clear communication throughout the procure-to-pay process. All procurement-related information including records, spending, and performance reports are all easily managed from the procurement dashboard. Learn more about NetSuite

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
Cloud-based human resources solution that helps businesses streamline workforce planning, talent management, and payroll processes.
Workday HCM is a single, cloud-based solution for workforce planning, talent management, and payroll processes helping customers adapt and thrive in a changing world. Workday applications are built with artificial intelligence and machine learning at the core to help organizations around the world embrace the future of work. Workday is used by more than 10,000 organizations around the world and across industries—from medium-sized businesses to more than 50% of the Fortune 500. Learn more about Workday HCM

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
ShippingEasy is the easiest online shipping platform for growing businesses, featuring discounted shipping rates and easy automation.
ShippingEasy is the easiest online shipping platform for growing businesses. With ShippingEasy, merchants can access discounted USPS and UPS shipping rates, automate shipping, and get time back to focus on building their business. Robust integrations with all leading online channels allow merchants to manage orders, shipments, and customers from everywhere they sell, all in one easy-to-use platform. Learn more about ShippingEasy

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
Procurement tools manage suppliers by automating numerous processes. Avoid stock-outs & overspending on excessive materials with Odoo.
Manage suppliers and purchase orders easily with Odoo. Odoo¿s procurement tools are tailor-made to help users efficiently run their business with less stock, and ensures they avoid frustrating stock-outs. Easily configure ¿Min-Max¿ stock quantities with Odoo¿s user-friendly reordering rules, stock levels, sales forecasts, and automatic routes (Replenish on Order). Users can quickly import vendor price lists and lead times, in order to stay updated on products¿ pricing and shipping details. Learn more about Odoo

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
QuickBooks Commerce enables you to manage inventory and orders for your multichannel business and keep track of products.
QuickBooks Commerce enables you to manage inventory and orders for your multichannel business and keep track of your products as you sell and restock across multiple warehouse locations and channels. QuickBooks Commerce allows brands to automate and integrate their commerce platforms and get powerful insights into all their sales data on-demand. Learn more about QuickBooks eCommerce

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
SolarWinds Service Desk provides businesses of all sizes an easy to use and affordable ITSM solution that can easily scale with you.
SolarWinds Service Desk is a cloud-based, IT help desk solution that has helped organizations reduce cost per ticket by up to 15% and issue resolution time by up to 48% with smart ticket routing, automated workflows, and integrated asset management. This, plus an AI-powered knowledge base, can equip your employees with the resources needed to solve problems quickly. Set up can be done in days instead of months & can fit seamlessly into your business by integrating with 200+ cloud applications. Learn more about SolarWinds Service Desk

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
The secret powering small businesses in 90+ countries worldwide. Track stock, manage sales, pick and ship orders, and more,
inFlow Inventory is the easiest way to run your wholesale, distribution, manufacturing, or ecommerce business. Track stock across any location and manage purchases and sales—all from one app. inFlow helps you manage any order or process from start to finish, with full pick/pack/ship support, BOM and assemblies, and connections to over 35 different ecommerce platforms. We offer in-house support via live chat, email, and callback. Click Visit Website to start your free 14-day trial now. Learn more about inFlow Inventory

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
360+ 4.7/5 reviews. Simple yet, fully featured. The highest rated procurement software.
Simple Procurement software that allows team members to create purchase requests on the go that can get approved by pre-defined approvers - from any device. All relevant comments & docs can get attached to the PO & managed for reporting & auditing. Eliminate spending mistakes & keep team members accountable for company card purchasing. View and manage budgets in real-time for insightful decision-making for each purchase. Draw accurate reports with a click of a button for the accountant. Learn more about ProcurementExpress.com

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
Discover SAP S/4HANA Cloud, a complete ERP system with embedded AI and machine learning.
SAP S/4HANA Cloud is a complete enterprise resource planning (ERP) system with built-in intelligent technologies, including AI, machine learning, and advanced analytics. It helps companies adopt new business models, manage business change at speed, orchestrate internal and external resources, and use the predictive power of AI. Benefit from tight, native integration between processes, industry depth, and a consistent in-memory data model. Learn more about SAP S/4HANA Cloud

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
Sage 100 is an ERP platform for growing and medium-sized sales and manufacturing companies.
Sage 100 is the right ERP solution for your industry. Sage 100 is an ERP platform for growing and medium-sized sales and manufacturing companies. It is the ERP solution for medium-sized companies that want to design their business processes individually. Sage 100 offers you integrated applications for every company area, which you can easily put together individually. Learn more about Sage 100

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
Automate and integrate your processes to gain full control and visibility of your procurement operations with Pipefy.
Gain full control and visibility of your procurement operations with Pipefy. The process management platform helps you ensure requisitions and purchase orders are being processed quickly and accurately, and allows you to integrate your accounting software or other legacy tools to scale your operation. Build an error-proof procurement operation with digital workflows that reduce the risk of human error. Try Pipefy for free. Learn more about Pipefy

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
RFP360 streamlines how you engage vendors, collaborate with colleagues, request information, issue RFPs and evaluate responses.
RFP360 empowers you to manage all RFPs and tenders in a template library, simplifying, standardizing and improving every request you issue. You can assign tasks, set deadlines, collaborate and communicate with stakeholders, suppliers and scorers in one solution. Our vendor evaluation features enable you to collect, score and compare RFP responses in a single view, driving more informed and objective buying decisions. And dashboards and reports offer insight into current and previous activity. Learn more about RFP360

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
Quartzy helps life sciences companies accelerate time to market and improve operational efficiency.
Quartzy empowers life sciences organizations to digitize the unique workflow of a lab, reducing time to market, and improving operational efficiency. Quartzys digital lab management system centralizes and simplifies requesting, approving, purchasing, and managing lab supply inventory, to make scientific discovery happen faster. Learn more about Quartzy

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
Spendwise is an affordable easy-to-use online system that helps you control spending saving you time and money.
Spendwise is an affordable easy-to-use online system that helps you control spending saving you time and money. Users can create purchase orders, submit them for approval, approve or reject them, and send them directly to vendors. Users can also keep track of items and bills received from vendors. Spendwise is web-based so you don't have to install software and you can access it from anywhere. Visit our website for more information and sign up for a Free Trial and/or Demo! Learn more about Spendwise

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
Make purchasing simple for your company. Streamlined approvals, OCR, real-time budgeting, PRs, POs, and invoices — all in one solution.
Gain full visibility of your procurement workflow using a holistic cloud-based solution. With Precoro, you can create documents in just a few clicks, approve 2.5x faster, and engage in 80% less manual data entry. Transform your time-consuming operations into convenient and automated procedures for all employees. Integrate Precoro with Xero, Quickbooks, NetSuite, Amazon Business Punch-in, Slack, and other accounting and business tools for more automated processes. Learn more about Precoro

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
Deltek Costpoint is an ERP and accounting solution for leading Government Contractors.
Deltek Costpoint is an ERP and accounting solution for Government Contractors with 98% of the top 50 firms trusting Costpoint for project accounting, contracts management, real-time analytics and reporting. Costpoint provides a means to implement Federal Acquisition Regulations (FAR) and DFARS compliant financial accounting and procurement process including support for MMAS requirements and DPAS ratings, ensuring streamlined DCAA or DCMA audits. Learn more about Deltek Costpoint

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting
ERP solution that assists businesses with project management, order management, commodity tracking, supply chain planning, and more.
Oracle’s JD Edwards software meets the demands for a modern and simplified user experience. Our purpose-built applications are aligned to how your users work. Integrated with digital technologies, our innovative approach increases productivity enabling your company to work smarter, faster, and ultimately achieve more. Learn more about JD Edwards EnterpriseOne

Features

  • Inventory Management Software
  • Invoice Processing
  • Cataloging/Categorization
  • Sourcing Management
  • Contract/License Management
  • Purchase Order Management
  • Spend Management Software
  • Vendor Management Software
  • Budgeting/Forecasting

Procurement Software Buyers Guide

What is procurement software?

Procurement software allows businesses to manage their purchasing cycle and maintain optimum inventory levels at all times. The software helps to generate purchase orders (POs), execute those orders, match invoices to materials received, and make payments to suppliers. It helps to connect and manage interactions between all stakeholders involved in the purchasing process including buyers, vendors, approvers, and receivers.

The software is often related to billing and invoicing software , purchasing software , and vendor management software .

The benefits of procurement software

Businesses are increasingly using digital tools such as e-procurement software to improve their supply chain operations and increase productivity. It offers substantial benefits such as:

  • Reduced cost: Procurement software transforms paper-based workflows into electronic transactions, thus reducing the cost associated with paper processes, printing, and physical storage. Digital copies of POs are more secure than physical papers which can be easily forged, stolen, or lost, leading to a dispute between supply chain partners.
  • Shortened business cycle: Sending digital purchase orders to suppliers and vendors is far more convenient and quicker than sending physical POs through offline modes such as couriers. This reduces the overall procurement time and speeds up the supply chain process.
  • Inventory control: Using pen and paper or Microsoft Excel spreadsheets to manually track and monitor hundreds of items and materials in stock can be a daunting task. With procurement software, businesses can easily monitor the in-house stock level of all items and can even set threshold limits to automate the reordering of items. This ensures sufficient stock quantity at all times leading to an uninterrupted supply chain process.
  • Transparent spending: Procurement software keeps detailed records of every spend made by the company for purchasing materials. This brings transparency for accounting and support businesses while writing budgets for the next procurement cycle. Having detailed records of purchases made in the previous cycle enables businesses to analyze and identify their critical needs and the quantity of those items that have been consumed, which is a vital indicator in setting procurement targets for the next cycle.

Typical features of procurement software

  • Supplier management: Manage interactions with suppliers including their contact information, supply and payment history, and communications. 
  • Requisition management: Review, approve, and cancel requests made for procuring goods and services. 
  • Catalog management: Create and manage digital catalogs of products and services with details such as product description, specification, and pricing.
  • Invoice processing: Manage supplier invoices, match invoices with the goods received, and make payments accordingly.
  • Purchase order management: Manage the entire PO lifecycle, from creating and issuing the POs to procuring goods and making payments.
  • Spend management: Track the amount of money spent on procurement activities for various items.

Considerations when purchasing procurement software

  • Integration with existing systems: Before you buy any procurement solutions, first check the system viability and application requirements. See whether the application is compatible with your existing IT infrastructure and if it requires any additional installations or upgrades for operating. Secondly, check ease of integration with any of your existing applications, such as enterprise resource planning (ERP) or supply chain management (SCM) software. Smooth integration with these existing systems will allow the incorporation of business structures and data already in place, such as workflows, supplier and vendor details, and catalog information. This will save you and your team from repetitive data entry.
  • Mobile capabilities: Organizations are increasingly pushing their employees to perform more activities via mobile applications, as it increases operational speed, reduces reporting time, and improves stakeholder communication, both internally and externally. Therefore, it is recommended to choose solutions that offer mobile accessibility, either via native mobile apps or through a mobile web browser.
  • Support: Support is one of the key factors that should be considered while evaluating a new procurement solution. There can be glitches with software at any time, which can disrupt your procurement cycle and halt the supply chain. It is recommended to have complete clarity on the level of support offered within your software, as well as costs for any additional ad hoc support. Also, check whether the vendor provides any training manuals or instruction videos to train your employees on how to use the software. 
  • Cloud-based procurement software solutions are gaining traction: Businesses are shifting their procurement solutions from in-house to cloud-based models. This switch is driven by the number of benefits associated with cloud-based architecture including real-time data accessibility at a comparatively lesser cost.
  • Businesses want analytics capabilities: An increasing number of procurement software vendors have started incorporating analytics functionality within their software applications. Built-in analytics capabilities can help businesses dig into past procurement data around items, volume, spend, supplier performance, etc. This will help businesses to draw meaningful insights from current procurement data and make fact-based procurement decisions.