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Benefits of e-Procurement

Large enterprises have purchase volumes of up to 60% of their overall annual turnover. By deploying an eProcurement system, corporations can better manage this spend by creating significant process savings and lowering the absolute cost of the goods and services by ensuring adherence with strategic procurement initiatives.

In order to implement and firmly establish such a solution successfully in the enterprise, it is essential that the eProcurement system offers an easy interface, allowing all participants in the supply chain including suppliers, manufacturers and buyers to participate in the system.

Advantages:

• Increased compliance with strategic procurement contracts
• Reduced maverick spend
• Efficient search of products and alternative choices
• Control over requisition approval
• Shorter order and delivery time
• Monitoring of the suppliers and their product portfolio
• Electronic purchase order completion in back-end system
• Improved procurement process automation and control
• Lowered cost of supplier participation
• Rapid return on investment

Key features:

• Supplier catalog management with supplier self service
• Support for all standard classifications (eClass, ETIM, UNSPSC)
• Multi supplier catalog
• Rule-based verification mechanisms
• High performance searching
• Shopping cart functionality
• Integration with all major ERP and eProcurement systems
• Procurement extensions to support cost effective procurement
• Configurable goods extensions to support complex goods and services
• Web application, no desktop installation
• Highly scalable system
• Dynamic work flow control