What is Online Procurement?
Online Procurement is an e-procurement suite for managing suppliers and streamlining corporate purchasing processes.
The platform's modules help users to simplify order management, gain real-time control over spend, plan purchases strategically, select and manage suppliers more efficiently, create and archive contracts, evaluate performance and align with suppliers on ESG goals, monitor invoices and payments, and mitigate vendor and procurement risks through greater standardization of processes and contracts.
Key benefits of using Online Procurement include flexible approval workflows, customized supplier onboarding and qualification, streamlined supplier selection and management, sourcing from a customized e-catalog, compliant contract management, data-driven spend analysis, reduced time spent on manual tasks, and strategic budgeting aligned with business goals.
Online Procurement modules are on-demand and fully integrated with enterprise management systems such as ERPs. The platform is delivered in SaaS mode, ensuring the highest level of information protection, certified to international standards including ISO 9001 and ISO 27001. High-level SLAs and guaranteed 99.996% uptime. No IT resources are required from users.
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