Procurement management software


e-procurement software

include such procurement software features like:

requisition process and approval workflow
hosted and punch-out catalogs
purchase order creation, approval flow and audit trails
budget and cost tracking
receipt management
payment process management

Important element of Precoro e-Procurement software is the ability to route purchase requisition workflows to the appropriate team member, especially if it is common for an organization’s non-procurement staff to request indirect goods.

The order management functional gives procurement departments real-time visibility into the status of orders at any point in the lifecycle. Order management is one of the most important tools for accomplishing organization’s goals of increased visibility and control over spend.

Precoro offers some level of supplier management, features include supplier data management, supplier analytics and reporting tools for insights and auditing.