Indianapolis, IN, August 07, 2017 –(PR.com)– With the increased use of cloud hosted software in other areas of operations of a typical organization; typical procurement processes such as spend analysis, request for proposal (RFP), request for quote (RFQ), issuing a requisition, P.O. and Invoice process and payment reconciliation which are done via email and spreadsheets can now be automated via cloud hosted procurement software. Companies who are seeing their fortune 2000 peers already operating cloud hosted e-Procurement software can now have access to the same tools and technology at a very affordable price point. Gone are the days when you have to get large budgets approved to access enterprise level procurement software.
ProcurePort’s new flexible and affordable pricing allows any size company or startup enterprise to access enterprise grade procurement software with minimal investment. The new offering allows companies to take advantage of cloud hosted enterprise software enabling them to move away from the legacy procurement process to a fully automated and secure process.
ProcurePort provides its enterprise procurement software in various modules that can be deployed independently or fully integrated. This allows procurement teams to automate one process at a time, reducing the risk of failure, increasing chances of adoption & success, and at the same time minimizing costs.
The new integrated ProcurePort Source-to-Pay Platform will support enterprise processes relating to the purchase of direct and indirect goods and services. Most common business processes that can be automated with the ProcurePort Source-to-Pay (S2P) platform include bid solicitation (including reverse auctions), supplier management, request for proposal (RFP), request for quote (RFQ) catalog & inventory management, requisitioning, receiving, inbound invoice processing and payment, contract management and contract compliance.
ProurePort's zero footprint cloud based platform has been proven at the enterprise level since 2001. It is easy to use and easy to integrate with any 3rd party ERP suite; delivering the right tools to get the job done.
By 2020, over 70% of spending on procurement and sourcing technology will be for cloud delivered solutions.
Because ProcurePort’s Web-based E-Sourcing and Spend Management solutions do not require expensive and time-consuming setup or integration, many of ProcurePort’s customers realize a return on their investment immediately after implementation. “This on-demand model is much more affordable than other alternatives and allows mid-sized businesses to benefit from the same online procurement technology that was previously only available to large corporations. Additionally, there are several solutions in the market currently that are too expensive to deploy, hard to use due to poor user interface and have a poor adoption rate. ProcurePort’s cloud hosted software has an easy to use interface that requires minimal training or support,” explains Smith. The rapid return on investment delivered through E-Sourcing and Spend Management technology is one of the major reasons ProcurePort predicts that the strategic sourcing market will grow significantly over the next decade.
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