The Emergence Of Cloud-Based Software for SMEs
Cloud based computing has helped to democratise business software solutions that were previously the preserve of only larger companies with deep pockets. Historically these companies invested significant amounts of money into on-premise software that was customised, implemented, supported and updated by consultants. These companies benefitted from the efficiencies and cost savings that these softwares delivered and had competitive advantage over companies not using them. At the time the costs generally made the software prohibitive to smaller and medium sized businesses.
This significantly changed with the introduction of cloud-based software that could be accessed from pretty much anywhere and kept up to date remotely without the need for expensive on-site uploads and consultants to support it. Since the introduction of the cloud the number of business solutions offered to SMEs has exploded to cover pretty much every area of business, from accounting to HR and Sales CRM. Now days pretty much every company uses a variety of cloud-based softwares to deliver important efficiencies and cost savings. Ultimately this means that valuable employee time can be freed up to spend on more high value work to drive the business forwards and make more money.
Procurement software is one area that has so far lagged behind this trend in a solution first being adopted by larger companies before becoming available to SMEs as they become more cost effective. For decades larger companies have realised the importance of procurement solutions to help drive efficiencies and reduce costs, manage risk, provide important data and more recently ensure that the company is working with suppliers who values align with their own.
There is now one procurement solution that has been developed specifically for SMEs to enable them to receive the same benefits as larger companies and that’s oboloo. oboloo is an intuitive self-service solution that gives SMEs visibility and control over the whole procurement process from sourcing and contract management to supplier and savings management.