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What is eProcurement?

What is eProcurement?

eProcurement, also known as electronic procurement is typically known as the process of purchasing goods and services from a supplier via a procurement software. 

eProcurement has evolved in recent years. Legacy eprocurement systems tend to focus on purely procuring goods and services from a supplier through a typical sourcing, eTender or eAuction activity, however newer and more advanced systems on the market have expanded the scope of eprocurement to include other procurement processes such as Contract Management, Supplier Management, and Savings Management 

The main benefit to a company adopting an eProcurement is to drive automation or standardisation internally as well externally with their suppliers to drive efficiency of their procurement processes

 

The Main Benefits of eProcurement

 

How does eProcurement work?

eProcurement is designed to standardise a company’s procurement processes. Manual tasks such as chasing a supplier to sign and send a contract on email to analysing an employees savings for the year can be automated within a cloud based procurement software which in turn can reduce resource costs significantly. 

 

 

An eProcurement software will help any organisation to reach the objectives of its procurement strategy more quickly and efficiently benefitting from the advantages listed above. This will then have a positive impact on the margins and reduce the internal resources required.


We provide cloud-based procurement solutions in the UK, whether for e-sourcing, contract, supplier, or savings management. If you want to take advantage of cloud-based procurement software, connect with us today to start your free trial at oboloo.com.  oboloo enables organisations to be supplier smart.

 

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