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Purchasing Software

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Precoro logo
Category Leaders

All-In-One Procurement Software For SMBs and Enterprises

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Precoro is a robust purchasing software for progressive SMBs and Enterprises. Gain transparency of the purchasing through the full automation of the procurement process. Streamlined approvals, smart budgeting and expense tracking, automated PR and PO processing — all in one app.

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ProcurementExpress.com logo
Category Leaders

Take the Hassle out of Company Purchasing.

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Simple purchase order management that puts you in control. Customizable PO forms, flexible reporting and mobile, just like you.

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Order.co logo
Category Leaders

From chaos to clarity, in order.

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End-to-end purchasing: order, manage spend, and pay all vendors in one place automatically, cutting the time to order by 95%.

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Procurify logo

One easy-to-use platform for control over all business spend

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Procurify enables organizations to be proactive about managing their spend culture by providing a combination of accessible data, convenient process and manageable controls.

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Airbase logo
Category Leaders

Airbase: Making the complexities of procure-pay-close easy.

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Airbase: Enterprise-level power everyone loves to use. Choose one or all of our Guided Procurement, AP Automation, Expense Management, and Corporate Card modules. Integrate with your ERP and business systems directly or via open API. Control spend, improve efficiency, and strengthen compliance.

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Tradogram logo
Category Leaders

Control Spend & Lower Costs

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Simple & Quick to Implement Purchase-to-Pay Solution That Your Team Will Love!
Get your FREE Account now.

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Spendwise logo
Category Leaders

Spend management software for business

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Spendwise - formerly Officewise - is an interactive cloud-based accounting solution that helps small and mid-sized businesses manage their accounting and financial operations

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Fraxion logo

Procure-to-pay software for proactive spend management

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Fraxion simplifies the purchase-to-pay process and takes the risk out of approvals, ensuring that all spend is authorized, tracked and within budget, delivering proactive spend management.

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Zoho Books logo

Online accounting software for growing businesses

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Use Zoho Books to create and send detailed and customized purchase orders with your own branding. Track opened purchase orders and convert POs to bills.

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Teampay logo
Category Leaders

Request, approve, and track company spending in real-time.

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Teampay’s spend management platform gives finance teams control and automates the purchasing, reconciliation, and reporting process.

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OpenGov Procurement logo

End-to-end government procurement software

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OpenGov Procurement is a cloud-based public procurement software, automating solicitation development, supplier engagement, evaluations, and contract management.

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GOIS Pro logo

Inventory & Order Management System w/QuickBooks Integration

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GOIS is a cloud-based inventory and order management system that runs on Web & Mobile and integrates with QuickBooks Online & Desktop.

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Rubberstamp.io logo

Frugal and Functional: The Ideal PO Software

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Designed for small businesses, private educational institutions, contractors, and charities, Rubberstamp.io is a cloud-based purchasing solution that helps streamline spending from a user-friendly interface.

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Pipefy logo
Category Leaders

Design and automate business workflows in minutes.

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Put email and spreadsheets in the past where they belong and centralize your requests in a single place. Pipefy enables you to visualize your entire process so that no information is lost in the shuffle.

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Dynamics 365 logo

ERP and CRM applications from Microsoft

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Microsoft Dynamics 365 is a multi-language, multi-currency enterprise resource planning (ERP) software. The solution is designed for midsize and larger companies, and is fully customizable and extensible through its rich development platform and tools.

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Xero logo

Accounting software for small business

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Simplify your purchase order process and maintain control. Whether you’re creating a purchase order or need to convert one to an invoice, Xero makes the process simple and easy.

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ShippingEasy logo

Powerful, Yet Simple Shipping Software

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ShippingEasy is online shipping fulfillment software for eCommerce sellers that want the best postage rates and automate back end shipping processes.

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Stadium logo

Corporate gifting platform

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SnackMagic is a gifting platform that helps businesses send gifts to staff members without shipping addresses, dietary restrictions, or preferences.

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NetSuite logo

The World’s Leading, Most Deployed Cloud ERP Solution

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Use the purchasing and vendor management capabilities of NetSuite ERP's Supply Chain & Inventory Management feature to manage the entire procure-to-pay process.

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inFlow Inventory logo

All-in-one inventory management software for small business.

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inFlow Inventory is an all-in-one inventory and order management solution for small and medium businesses. We offer the software to track products, sales, and customers, and also support hardware to help you update your stock levels while you work.

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JobBOSS² logo

JobBOSS2 promotes the profitability of scaling job shops.

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JobBOSS², formerly known as E2 Shop, helps job shops, make-to-order manufacturers, and contract manufacturers, improve profitability and manage their supply chain. By integrating people, processes, and technology, our quote-to-cash solution reduces bottlenecks while improving shop floor throughput.

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Cin7 Core logo
Category Leaders

Inventory management software for SMBs

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Cin7 Core is a cloud-based, inventory and order management application for SMBs which offers a complete back end management solution with purchasing, sales, warehouse management, and light manufacturing features as well as shipping, eCommerce and payment gateway integrations

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Odoo  logo

Full Suite of Integrated Business Apps

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Odoo is a fully-integrated, customizable, and open-source suite of business applications. A majority of the business needs such as CRM, Sales, Project, Manufacturing, Inventory, and Accounting are met through this all-in-one software solution designed for every company, regardless of size and budget

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ERPAG logo

ERP for small and mid-sized companies

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ERPAG is a cloud-based ERP system for small and mid-sized companies, which covers sales, purchasing, inventory, production, payroll, business analysis, and more

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Quartzy logo

Digital lab management program for R&D organizations

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Quartzy is a cloud-based lab productivity and management software for businesses involved in scientific research and development. It involves an eProcurement interface which allows scientists, lab managers, researchers and R&D organizations to automate inventory management and ordering workflows.

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Buyers Guide

Purchasing Software

What is purchasing software?

Purchasing software automates the entire purchasing cycle for businesses—from creating purchase orders and analyzing budgets to managing supplier relationships and procuring goods. The software enables purchasing managers and individuals in the procurement team to track and record purchase orders, acknowledgments made by the vendors, and delivery confirmation by the supplier. It also assists users with their invoice processes, which includes invoice generation and invoice processing. Purchasing is a subset of the broader procurement services. 

How do you track purchase orders?

Purchasing software offers several features, such as purchase order tracking, order processing, and inventory management that allows procurement professionals to track and manage their purchase orders. To track a particular order, simply use the search function of the software that helps you track orders using the order numbers, vendor name, and other criteria. Once you’ve located the order, you can easily check its status and other details, such as the items ordered, the cost, and the expected delivery date online.

Why do businesses need purchasing software?

  • Speeds up the purchasing process: Purchasing software automates and speeds up the procurement process for users by automating multiple day-to-day tasks, such as generating purchase requisition, maintaining vendor information, and generating reports to track spending and relevant trends. Additionally, the software automates the approval process for purchase orders and provides users with useful insights that further help them streamline and optimize their procurement processes.

  • Manages vendor relationships: Purchasing tools offer a central repository to store vendor information, including their contact details, acknowledgments, payment terms, and vendor performance data. The software also provides tools to streamline and manage vendor interactions that can help businesses in maintaining strong vendor relationships.

  • Streamlines the approval process: In addition to automating several time-consuming tasks, the purchasing platform also streamlines the approval process for purchase orders, including routing purchase requisition to appropriate individuals or teams for approval and offering an audit trail of approvals. The software also helps the procurement team in setting up rules and thresholds for managing the approval process.

How much does purchasing software cost?

Purchasing software cost in the following price ranges*:

  • $13 - $18

  • $19 - $49

  • $49+

Most products in the market are priced on a per month basis and can be divided into three pricing tiers based on their starting price.

How does purchasing software help SMBs?

  • Lowers the cost of purchase: Purchasing software offers analytical tools that can be used by businesses to compare different suppliers, including their pricing plans and payment conditions. The software features spend analysis and spend management that allow procurement managers to track budget and identify savings opportunities in the entire purchasing process. These ensure better contract negotiations and increased returns on investment.

  • Facilitates recurring purchase order management: Several purchasing tools allow businesses to set up and manage recurring purchase orders for goods and services. This allows the status of these orders to be tracked, helping ensure that the businesses never run out of stock. Purchase order scheduling and order tracking are some of the features offered by purchasing software that can help with recurring purchase order management.

  • Improves visibility over day-to-day transactions: Purchasing software offers purchase order generation, invoice tracking, and reporting to provide small businesses an overview of their purchasing activities, including the status of each transaction, associated cost, and current inventory levels. Moreover, it offers a centralized platform for tracking and managing business purchases that provide businesses with complete control over their transactions. 

Sources

Products evaluated for the pricing calculation were taken from GetApp’s purchasing software directory. The pricing ranges exclude freemium versions of the products. The features highlighted were identified based on their relevance and the percentage of products in the Get App’s directory that offer them.

*The pricing included is for the entry-level/lowest-priced offerings found on vendor websites as of December 12, 2022. These ranges correspond to the 25th, 75th, and 100th percentiles of pricing information gathered from vendor websites of sample products.

The above list includes pricing for the base plans of most products. An enterprise or premium product that is priced higher may include additional features such as compliance management, contract management, customizable templates, and inventory management.