How We Chose the Top Procurement Software
Numerous procurement software providers exist in the market, so choosing the right one for your company can be quite a challenge. Here, we listed five procurement software solutions we recommend after examining each provider’s procurement features, integrations, and reports.
We gave preference to software providers that offered several procurement features because these providers are most likely to offer you the combination of features your business needs. Among the features we considered are deployment options, customer support, inventory management, requisition management, sourcing management, purchase order management, and invoice processing.
To get the most out of procurement software, you should give preference to platforms that seamlessly integrate with other IT solutions, such as customer relationship management (CRM) and enterprise resource planning (ERP) software. The integration enables you to pull data from other databases (Salesforce, Sage, etc.) and use it to develop a good overview of the efficiency of your procurement operations. For this reason, we chose procurement software with the most integrations.
Once a procurement software gathers PO/inventory data and combines it with data pulled from other databases, you need to analyze it to draw meaningful insights. These insights will inform your procurement processes, making them more efficient over time. Therefore, we've listed procurement software that compiles these insights into informative reports you can easily share via URLs or automated emails.