Promena - 2024 Pricing, Features, Reviews, & Alternatives

Promena is an e-auction, e-procurement and e-sourcing solution designed to provide corporate enterprises with an efficient and effective platform from which to manage purchasing activities and supplier relationships. As a web-based strategic sourcing solution, Promena aims to offer users a configurable, global and integrated system with which to enhance productivity and transparency within an enterprise supply chain.

Users can manage and navigate all auction, procurement and sourcing tasks easily from the main dashboard. From here, users can create shortcuts, review recent tasks and access their calendar. Users can also create and manage event lists as well as track all transactions of buyers and suppliers. Moreover, with Promena, users can create online reverse and forward auctions, add suppliers to receive bids and collect updated information about suppliers using the Promena SRM tool. The Promena Supplier Relationship Management (SRM) tool also assists users with risk management by enabling users to determine risks in the supply chain.

Besides e-auction and SRM, users can maintain all procurement processes online such as managing purchase requisitions, Request for Quotations, Purchase Orders, approvals and delivery stages. To further streamline procurement management processes, Promena supports integration with any in-house Enterprise Resource Planning (ERP) processes. Moreover, Promena includes reporting and analysis tools which allow users to generate detailed analyses of purchasing activities. With Promena’s spend analysis capabilities, users can gain valuable and actionable insight to help inform and develop future strategies.