Purchasing Software

What is Purchasing Software?

Purchasing software, also referred to as procurement software or e-procurement software, is used by companies to manage the purchasing stage within the supply chain process. These business apps help to automate the process of acquiring merchandise or services by analyzing spending budgets, finding suppliers, comparing products and determining potential vendor performance. They help to produce positive asset management, maximize profit on each purchase order, improve invoice processing and payment, ensure contract compliance, manage assets and inventory, and reduce purchasing cycle times.

Key Features & Benefits

  • Analyze spending budget
  • Compare products and vendors
  • Generate invoices and purchase orders
  • Manage reverse auctions
  • Pay bills electronically
  • Order progress tracking and delivery notifications
  • Archive data related to purchases
  • Reports and analysis on budget and spending