The official business definition of procurement software for small businesses is the use of technology to help with the purchasing of goods and services. This software helps small businesses to better manage their procurement process, from the initial search for suppliers to the final purchase order and payment. It is designed to improve efficiency, accuracy and cost savings.

Procurement software for small businesses has the ability to automate numerous tasks, such as searching and comparing prices, creating purchase orders and sending them to suppliers, and tracking the progress of orders. This software can also be used to manage supplier relationships, such as negotiating pricing, setting payment terms, and ensuring compliance with regulations.

Additionally, the software can help to create efficiencies by streamlining the purchasing process, reducing paperwork, and simplifying the tracking of purchases. By providing small businesses with a comprehensive solution to their procurement needs, procurement software can help to increase efficiency and save time.